Highlights

  • The 8 September 2026 trading update projected the FY26 crop at 28,800–29,600 tonnes, 16%–19% above the previous corresponding period.
  • The 8 September 2026 update subsequently revised the forecast crop to 28,800–29,600 tonnes and the pool price estimate to AUD 10.26/kg.
  • Reported NPAT was AUD 26.6mn versus AUD 28.7mn in 1HFY25, while underlying NPAT rose 32.9% to AUD 29.1mn from AUD 21.9mn.

During the 27 October 2026 trading session, Select Harvests Limited (ASX:SHV) traded at AUD 3.98, up 2.05%. The group is engaged in australian almond grower, processor and marketer with orchards and processing facilities. Its 28 May 2026 disclosure and other company announcements reported the financial, operational and corporate developments discussed below.

Half-Year Profit and Crop Forecast

For the half-year ended 31 March 2026, Select Harvests reported EBITDA of AUD 59.0mn, compared with AUD 62.7mn a year earlier. Reported NPAT was AUD 26.6mn versus AUD 28.7mn in 1HFY25, while underlying NPAT rose 32.9% to AUD 29.1mn from AUD 21.9mn. The company forecast its 2026 almond crop at 29,500 metric tonnes, within a range of 28,000–31,000 tonnes, compared with 24,903 tonnes in FY25. Estimated external grower crop volume was 15,400 tonnes, compared with 7,329 tonnes in FY25. The almond price assumption was AUD 10.21/kg compared with AUD 10.18/kg for the previous crop. Net debt increased to AUD 182.6mn from AUD 168.2mn in the comparative period.

Almond Prices and Processing

The board declared an interim fully franked dividend of AUD 0.035 per share and authorised an on-market buy-back of up to 10% of shares. Management stated an ambition to reach 65,000 tonnes and AUD 700mn revenue by 2030. The 8 September 2026 update subsequently revised the forecast crop to 28,800–29,600 tonnes and the pool price estimate to AUD 10.26/kg. The company narrowed its 2026 almond crop estimate to 28,800–29,600 metric tonnes from 28,000–31,000 tonnes. Its pool price estimate increased to AUD 10.26 per kilogram from AUD 10.21. One-off wet-harvest and related costs increased to AUD 13.9mn from an earlier AUD 6.9mn expectation.

Capital Position and Revised Outlook

External grower throughput was forecast at 13,800–14,200 tonnes, up 88%–94% YoY. The company had sold or contracted 81% of its 2026 crop as at 8 September 2026. The company expected year-end net debt below AUD 65mn and gearing below 11%. The next FY26 full-year results were scheduled for 25 November 2026. The 8 September 2026 trading update projected the FY26 crop at 28,800–29,600 tonnes, 16%–19% above the previous corresponding period. The estimated pool price was AUD 10.26 per kilogram and wet-harvest and other one-off operational costs were AUD 13.9mn.

Business Overview

Select Harvests Limited (ASX:SHV) conducts australian almond grower, processor and marketer with orchards and processing facilities. 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

The company stated that almond harvest timing, wet weather, processing activity, external grower volumes and crop prices affect its financial reporting. The 2030 production and revenue ambitions remain targets.

Developments to Follow

The 8 September 2026 trading update projected the FY26 crop at 28,800–29,600 tonnes, 16%–19% above the previous corresponding period. The estimated pool price was AUD 10.26 per kilogram and wet-harvest and other one-off operational costs were AUD 13.9mn.