Highlights

  • Elders reported 1HFY26 revenue of AUD 1,767.7mn, up 32% from AUD 1,341.3mn in 1HFY25.
  • Gross margin increased to AUD 396.6mn from AUD 313.5mn, while the gross-margin percentage was 22.4%, compared with 23.4%.
  • Underlying EBIT rose 33% to AUD 76.6mn from AUD 57.6mn, while underlying profit to shareholders rose 13% to AUD 37.9mn.

During the 27 October 2026 trading session, Elders Limited (ASX:ELD) traded at AUD 6.135, down 2.00%. The group is engaged in australian agricultural services business operating across rural products and services. Its 18 May 2026 disclosure and other company announcements reported the financial, operational and corporate developments discussed below.

1HFY26 Revenue and EBIT

Elders reported 1HFY26 revenue of AUD 1,767.7mn, up 32% from AUD 1,341.3mn in 1HFY25. Reported profit after tax attributable to shareholders rose 17% to AUD 39.5mn from AUD 33.6mn. Underlying EBIT rose 33% to AUD 76.6mn from AUD 57.6mn, while underlying profit to shareholders rose 13% to AUD 37.9mn. Gross margin increased to AUD 396.6mn from AUD 313.5mn, while the gross-margin percentage was 22.4%, compared with 23.4%. Operating cash inflow was AUD 67.0mn and cash conversion reached 177% during 1HFY26.

Cash Flow and Delta Agribusiness

Accounting leverage stood at 3.8 times and return on capital was 10.7%. The board declared an interim dividend of AUD 0.18 per share, fully franked. Elders acquired three businesses including Delta Agribusiness, adding 58 points of presence; costs rose AUD 64.1mn, primarily linked to the acquisition and transformation expenditure. The 30 June 2026 completion announcement confirmed the Killara Feedlot sale; Elders intended the proceeds to reduce net debt. On 30 June 2026, Elders confirmed completion of the sale of Killara Feedlot Pty Ltd to Australian Meat Group Pty Ltd.

Killara Divestment and Capital Measures

Elders stated it intended to use the proceeds of the sale to reduce net debt. The completion notice did not disclose the transaction consideration or quantify the expected debt reduction. The completion notice was authorised by Elders’ managing director and chief executive officer. On 30 June 2026, Elders reported completion of its Killara Feedlot disposal to Australian Meat Group. The company stated that the sale proceeds were intended to reduce net debt; the one-page notice did not quantify consideration or the reduction.

Business Overview

Elders Limited (ASX:ELD) conducts australian agricultural services business operating across rural products and services. Its activities and assets underpin the revenue, cost, output and other performance measures presented in the company disclosures. The reported results and guidance cover the dates identified in each release, separate from the 27 October share-market quotation.

Risks and Catalysts on Watch

Elders has identified commodity-price movements, agricultural input costs, integration of Delta Agribusiness and the Killara sale as relevant developments. The acquisition’s earnings contribution and debt reduction will be reflected in subsequent reporting.

Developments to Follow

On 30 June 2026, Elders reported completion of its Killara Feedlot disposal to Australian Meat Group. The company stated that the sale proceeds were intended to reduce net debt; the one-page notice did not quantify consideration or the reduction.