Almond growing is influenced by variables including rainfall, pollination conditions, global almond Supply and the Australian dollar. Select Harvests Limited (ASX:SHV), one of Australia’s largest almond producers, has indicated that its 2026 crop is expected to be higher than the previous year, while wet weather has contributed to increased one-off costs. With full-year results scheduled for late November, the company enters the final stage of FY26 with several operational factors to monitor.

Latest Development

Select Harvests issued a Business update in early September 2026. The 2026 crop is estimated at 28,800 to 29,600 metric tonnes, representing an increase of 16% to 19% compared with the previous year. The company had sold or contracted 81% of the expected crop at a pool price of A$10.26 per kilogram, with 91% of exposure hedged at US$0.665.

The company also revised its estimate for one-off costs to A$13.9 million from A$6.9 million, including additional costs associated with wet weather and extended processing requirements. Select Harvests expects year-end net Debt to remain below A$65 million, with gearing below 11%.

Company Overview

Select Harvests grows, processes and sells almonds and almond products. The company operates almond orchards across Australia and manages processing operations through its Carina West facility, which undertakes activities including hulling, shelling, packing and value-added production.

The business combines owned, leased and joint venture orchards with almond volumes sourced from external growers. Headquartered in Richmond, Victoria, Select Harvests has been listed on the ASX since 1978 and is led by managing director and chief executive David Surveyor.

What Investors May Watch Next

The 25 November 2026 result is the next scheduled event and is expected to provide further detail on the final crop outcome, realised pricing and the impact of one-off costs.

Beyond the FY26 result, areas to monitor include the outlook for the next almond crop, the company’s hedging position, progress on Capital management initiatives and the contribution from processing activities.

Risks

Weather remains a key operational Factor and has already contributed to higher costs through extended processing requirements. Water availability and costs are also important considerations for irrigated almond orchards.

Almond pricing is influenced by global supply conditions, including production levels in major growing regions, while currency movements can affect export-related revenue. Changes in seasonal conditions and production costs can also affect financial outcomes.

Bottom Line

Select Harvests enters the final stage of FY26 with expectations for a larger almond crop, contracted pricing and a Balance Sheet position that remains under review. The 2026 harvest estimate of 28,800 to 29,600 metric tonnes, pool price of A$10.26 per kilogram and expected net debt below A$65 million provide key reference points, while higher one-off costs remain an important factor.

The 25 November 2026 full-year result will provide further clarity on crop performance, costs and the company’s outlook.