Select Harvests (ASX:SHV) Focuses on Almond Yield and Processing Capacity

Aditi Sarkar

05 November 2026 08:24 PM AEDT

Select Harvests (ASX:SHV) Focuses on Almond Yield and Processing Capacity

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Highlights

• Select Harvests operates 15 farms across three Australian states and processes almonds at its Carina West facility.

• The company reported FY25 net profit after tax of AUD 31.8 million and net Debt of AUD 79.1 million.

• Its 2025 almond crop totalled 24,903 metric tonnes, alongside 7,329 tonnes sourced from external growers.

• Select Harvests invested in tree shakers, processing capacity and kernel recovery initiatives ahead of the 2026 crop.

An Investment programme across orchards and processing sits at the centre of Select Harvests Limited (ASX:SHV), an integrated Australian almond producer. Shares rose 3.07% to AUD 4.03 on 5 November 2026. Beyond the one-day market movement, the company has been targeting gains in harvest efficiency, almond recovery and processing throughput—areas that connect agricultural production with its finished product and export operations.

Orchard Scale Connects with Production Planning

Select Harvests operates a geographically diverse portfolio of 15 farms across three Australian states. Its Business grows almonds and processes the crop through the Carina West facility. This integration links decisions made in orchards with the volume, quality and timing of product available for processing and sale. The company identifies horticultural performance and efficient use of the processing network as major priorities.

Its FY25 Annual Report recorded an almond crop of 24,903 metric tonnes and volumes of 7,329 tonnes from external growers. These figures relate to the 2025 crop, not the subsequent 2026 harvest. The report also described work to improve drainage and replanting at selected orchards, alongside plans for a new tree-shaker fleet. Such initiatives are intended to improve harvesting efficiency and support crop yield.

Carina West Adds Processing Capability

The Carina West processing operation is a central part of Select Harvests’ integrated model. It handles hulling, shelling, quality processes and storage for almonds. Company information describes a Facility with substantial processing capacity, climate-controlled Warehousing and product handling systems designed to maintain quality. The plant also forms the core of the company’s processing investment programme.

Select Harvests outlined its Project Optimus capacity expansion in the FY25 report, alongside a new crop dryer and kernel recovery work. Management expected these initiatives to improve handling of higher crop volumes and increase Yield from the processing stream. The investment programme connects directly to the company’s ambition to improve orchard productivity and the amount of saleable product recovered per tonne of harvested material.

Balance Sheet and Priorities for the Crop Cycle

For FY25, Select Harvests reported net profit after tax of AUD 31.8 million, an improvement of AUD 30.9 million on FY24. Net debt was AUD 79.1 million, which the company said was approximately half the prior-year level. The reported Earnings and balance-sheet figures belong to FY25 and should not be read as FY26 results.

On 5 November, shares traded between AUD 3.89 and AUD 4.04, with 530,695 shares changing hands. Market Capitalisation was approximately AUD 561.49 million and the one-year price gain was 9.21%. The operating questions for subsequent reports include crop volumes, processing efficiency and sales performance. The company’s previously stated plans are objectives, not confirmation that every investment has delivered its intended result.

FAQs

Q: What does Select Harvests produce?

A: Almonds grown and processed through an integrated Australian operation.

Q: What was the FY25 almond crop?

A: 24,903 metric tonnes.

Q: What was its share price on 5 November?

A: AUD 4.03, up 3.07%.

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