Select Harvests (ASX:SHV) Draws Market Interest After Share Buy-Back Update

Highlights

• Select Harvests Limited (ASX: SHV) lodged an Appendix 3C daily buy-back notification dated 25 June 2026 covering its ordinary fully paid shares.
• On the previous trading day, 24 June 2026, the company bought back 26,081 shares for total consideration of AUD 99,997.81.
• Before that day, 733,078 shares had already been repurchased for AUD 2,879,000.15, taking the cumulative tally to 759,159 shares.
• The on-market buy-back is for a maximum of 10% of shares on issue, equating to up to 14,210,763 shares, with 13,451,604 still available as at the end of the previous day.
• Select Harvests is one of Australia’s largest almond growers, processors and marketers, placing it firmly in the agriculture and agribusiness sector.

Australian almond producer Select Harvests Limited (ASX: SHV) has filed a fresh ASX announcement updating the market on its ongoing on-market share buy-back. The Appendix 3C daily buy-back notification, dated 25 June 2026, sets out the ordinary shares the company repurchased on the previous trading day of 24 June 2026. For Australian investors following ASX company news, the filing provides a clear, current view of how this agriculture stock is deploying capital through its repurchase program.

Daily buy-back notifications form a routine but informative part of the ASX disclosure framework. Under listing rule 3.8A, companies running on-market buy-backs must report their daily activity, giving the market transparency on the number of ASX shares acquired and the prices paid. In Select Harvests’ case, the company announcement confirms that its share buy-back remains active, with a parcel of shares repurchased on the latest trading day. This investor update offers a useful market update for shareholders monitoring the agribusiness group’s capital management.

Company Overview

Select Harvests Limited is one of Australia’s largest almond growers, processors and marketers, and a prominent name in the country’s agriculture and food sector. The company trades on the ASX under the ticker SHV and is registered under ABN 87 000 721 380. Its operations span the full almond value chain, from orchard development and farming through to processing, value-adding and marketing of almond products to domestic and international customers.

As an integrated agribusiness, Select Harvests is exposed to the dynamics of agricultural production, including water availability, weather conditions, crop yields and global commodity pricing for almonds. The company’s scale in the Australian almond industry gives it a significant position within the broader food and agribusiness segment of the ASX, a sector that draws interest from investors seeking exposure to agricultural production and food supply chains.

Given its standing as a major almond producer, Select Harvests is closely watched by investors tracking agriculture stocks on the ASX. Corporate actions such as the current on-market share buy-back form part of the company’s capital management toolkit and are of interest to shareholders assessing how the business balances returns of capital with its operational and growth needs.

Announcement Summary

The ASX announcement is an Appendix 3C daily buy-back notification, classified as an update to a previous announcement and specifically a daily buy-back notification. It is dated 25 June 2026 and relates to buy-back activity on the previous trading day of 24 June 2026. The date of the initial notification of the buy-back was 28 May 2026, and the previous announcement to this update was lodged on 24 June 2026.

The security being bought back is the company’s ordinary fully paid shares, carrying the ASX security code SHV. The type of buy-back is an on-market buy-back, with shares acquired for cash consideration in Australian dollars. The company has confirmed that the buy-back does not require security holder approval. Select Harvests has set a maximum of 14,210,763 shares to be bought back and no minimum, and in the “other information” section explains that this represents a maximum of 10% of the total number of shares on issue in the class. The company adds that it will only buy back shares at such times and in circumstances as it considers beneficial to the efficient capital management of Select Harvests, with the buy-back dependent upon market conditions, volumes and other relevant factors. The broker acting on the company’s behalf is Third Party Platform Pty Ltd.

The proposed buy-back period runs from a start date of 12 June 2026 to an end date of 11 June 2027, indicating a roughly 12-month window. As with all such notifications, the disclosed figures are part of the daily buy-back reporting required under listing rule 3.8A.

Key Details From the Announcement

The following table summarises the share buy-back figures disclosed in the Appendix 3C notification.

The figures show that Select Harvests repurchased 26,081 shares on 24 June 2026 for total consideration of AUD 99,997.81, at prices ranging between AUD 3.82 and AUD 3.90 on the day. Combined with the 733,078 shares bought back before that day for AUD 2,879,000.15, the cumulative tally reaches 759,159 shares at a total cost of AUD 2,978,997.96. Across the life of the program to date, the highest price paid has been AUD 4.07 (on 18 June 2026) and the lowest AUD 3.81 (on 19 June 2026). With a maximum of 14,210,763 shares approved, the company reported 13,451,604 shares still available to be bought back as at the end of the previous day, meaning the program has used only a small fraction of its capacity. The highest price the entity was permitted to pay on the previous day under listing rule 7.33 was AUD 4.10.

Why This Matters for ASX Investors

Share buy-backs are a recognised capital management tool, and a company’s decision to repurchase its own ASX shares can be read by the market as part of how management balances returning capital with reinvesting in the business. For Australian investors holding Select Harvests shares, the daily buy-back notification provides transparency on the pace and pricing of the program, including the number of shares acquired each day.

An on-market buy-back gradually reduces the number of shares on issue, which can influence per-share metrics over time, although outcomes depend on many factors and are never guaranteed. Select Harvests has been explicit that it will only buy back shares when it considers doing so beneficial to its efficient capital management, and that activity is dependent on market conditions, volumes and other relevant factors. This framing underlines the disciplined, discretionary nature of the program. The update may be relevant for shareholders monitoring how the agribusiness manages capital alongside the demands of its orchard and processing operations.

For investors weighing the broader picture, the buy-back is one element of Select Harvests’ capital management story. Investors may watch the cumulative repurchase figures build over the program’s 12-month window as an indicator of how actively the company chooses to deploy capital in this way.

Sector Context

Select Harvests operates in the agriculture, food and agribusiness sector, an area shaped by the rhythms of agricultural production and global commodity markets. As one of Australia’s largest almond producers, the company’s fortunes are linked to factors such as water availability and pricing, weather and climate conditions, crop yields, input costs and the global supply and demand balance for almonds, which in turn influences prices.

Agribusiness companies often experience earnings that vary with seasonal and commodity cycles, making capital management an important consideration in smoothing the balance between investment in productive assets and returns to shareholders. Buy-backs are one mechanism agribusinesses can use to manage their capital base, and Select Harvests’ emphasis on conducting repurchases only when beneficial to efficient capital management reflects this disciplined approach.

For ASX investors, Select Harvests is a notable agriculture stock that offers exposure to the almond value chain and, more broadly, to Australian agricultural production. Its corporate actions, including the current on-market share buy-back, are disclosed in line with ASX rules and are followed by those tracking the food and agribusiness segment of the market.

Possible Market Reaction

Daily buy-back notifications are routine, incremental disclosures, and the market reaction to any single Appendix 3C filing is typically modest. The volume involved here, 26,081 shares for AUD 99,997.81 in a single day, is relatively small in the context of the company’s 142 million-plus shares on issue, so this particular notification is unlikely on its own to be a major driver of trading in Select Harvests shares. The steady continuation of repurchases may, however, reinforce the market’s understanding that the program remains active.

No outcome is assured by the existence of a buy-back. Select Harvests’ share price is influenced by a wide range of factors, including almond prices, crop outcomes, water costs, broader commodity trends and sentiment toward the agriculture sector. Investors may watch trading in SHV for any response, while recognising that share prices move for many reasons beyond buy-back activity. Any meaningful market reaction is more likely to come from crop updates, pricing trends or financial results than from a single day’s repurchase figures.

Risks and Uncertainties

Several uncertainties attach to the buy-back. The program is discretionary up to its 14,210,763-share maximum, and the company has stated it will only repurchase shares when it considers doing so beneficial to efficient capital management, with activity dependent on market conditions, volumes and other factors. With only 759,159 of a possible 14,210,763 shares repurchased so far, there is no certainty about how much of the remaining capacity will be used before the program’s end date of 11 June 2027.

As an agribusiness, Select Harvests is exposed to the inherent risks of agricultural production, including weather and climate variability, water availability and cost, pests and disease, and fluctuations in global almond prices. These factors can have a material impact on yields, revenue and earnings, and they sit well outside the scope of a daily buy-back notification. Currency movements can also affect an exporter’s returns.

Investors should also remember that past repurchase activity is not a reliable guide to future activity, and that the figures in this notification are a snapshot rather than a forecast. The value of the shares can move in either direction, and the company has made no representation about future returns. The interplay between crop performance, commodity pricing and capital management remains a key area of uncertainty for the agriculture stock.

What to Watch Next

Investors following Select Harvests’ share buy-back may keep an eye on the continued flow of daily Appendix 3C notifications, which will show whether the company maintains, increases or eases its repurchasing over the program’s window to June 2027. Tracking the cumulative number of shares repurchased against the 14,210,763-share maximum will indicate how actively the company is using the buy-back.

Beyond the buy-back itself, market participants may watch for Select Harvests’ broader financial results and operational updates, including crop volumes, almond pricing, water costs and commentary on the agricultural outlook. Any guidance on capital management priorities, including the balance between buy-backs, dividends and investment in orchards and processing capacity, could also attract attention. Seasonal developments affecting the almond harvest remain a relevant backdrop for shareholders assessing the company’s prospects.

Conclusion

Select Harvests’ Appendix 3C notification on 25 June 2026 provides a clear snapshot of the almond producer’s ongoing on-market share buy-back. On 24 June 2026, the company repurchased 26,081 ordinary shares for AUD 99,997.81, lifting the cumulative tally to 759,159 shares under a program authorised for up to 10% of shares on issue. For Australian investors tracking ASX company news, the update confirms that one of the country’s largest agribusinesses remains active in managing its capital via repurchases, with a window running to June 2027. As always, the program is discretionary and dependent on market conditions, and investors may watch subsequent daily notifications, crop and pricing updates and financial results to gauge how the buy-back and the business evolve.