Key Highlights

  • Select Harvests will release its FY26 result on 25 November 2026, when any final Dividend will be declared.
  • The company paid a 3.5 cent fully franked Interim Dividend on 15 July 2026.
  • An on-market buy-back of up to 14,210,763 shares is running, funded from cash.
  • The result covers the year to 30 September 2026.

Select Harvests Limited (ASX:SHV) is scheduled to release its full-year result for the year to 30 September 2026 on Wednesday 25 November 2026, the date on which any final dividend for FY26 would be declared. The almond grower and processor paid a fully franked interim dividend of 3.5 cents per share in July 2026, after no interim was paid for the corresponding half a year earlier. For readers tracking upcoming dividends ASX companies are due to announce in the coming weeks, the result will show whether the company pairs its first-half payment with a final dividend, alongside its ongoing share buy-back.

The Interim Dividend Already Paid

Select Harvests declared a 3.5 cent fully franked interim dividend with its half-year result on 28 May 2026. The shares went ex-dividend on 17 June 2026, the Record Date was 18 June 2026 and payment was made on 15 July 2026. The Dividend reinvestment plan was suspended for that payment, so all shareholders received cash.

At the 30% corporate tax rate, a 3.5 cent fully Franked Dividend carries a franking Credit of about 1.5 cents, giving a grossed-up value of 5.0 cents per share. Australian resident shareholders include the grossed-up amount in Taxable Income and claim the credit as an offset.

The company's 8 September 2026 trading update referred to the interim dividend paid in July and to its ongoing buy-back. It did not give guidance on a final dividend, so any amount, franking level and timetable will be set by the Board and released with the full-year result.

First-Half Earnings Behind the Payment

The interim dividend was declared on first-half results for the six months to 31 March 2026. Select Harvests reported EBITDA of $59.0 million, reported net profit after tax of $26.6 million and underlying net profit after tax of $29.1 million for the half. Net Debt was $182.6 million at 31 March 2026.

The gap between reported and Underlying Profit reflects items the company excludes to show its ongoing performance. Both measures matter for dividends: underlying profit indicates recurring earning power, while reported profit and Cash Flow determine what is actually available to distribute. With a dividend, a buy-back and debt reduction all competing for cash, the Board has several uses for surplus funds when it considers the final dividend.

The On-Market Buy-Back

Alongside the interim dividend, Select Harvests announced an on-market buy-back of up to 10% of issued capital, or up to 14,210,763 shares. The buy-back could begin from 12 June 2026 and may run for up to 12 months. It is funded from existing cash reserves. The company has said it is not obliged to repurchase the full amount and may vary or end the program at any time.

A buy-back and a dividend are two different ways of returning capital. A dividend is paid to all shareholders in proportion to their holdings, while a buy-back reduces the number of shares on issue, which increases each remaining share's portion of future earnings and dividends. The mix the Board chooses at the full-year result will indicate how it is balancing the two.

Crop Volumes and Almond Pricing

The size of the final dividend, if any, will depend on second-half earnings, which are driven largely by the 2026 almond crop and the price received for it. In its 8 September trading update, Select Harvests narrowed its 2026 crop guidance to 28,800 to 29,600 tonnes, from a previous range of 28,000 to 31,000 tonnes. At the half-year result, the forecast midpoint had been 29,500 tonnes. The narrowed range has a midpoint of 29,200 tonnes, slightly below the earlier midpoint but with less uncertainty around the final outcome.

The company also reduced its estimate of external grower volumes, which are almonds processed for other growers, to 13,800 to 14,200 tonnes from 15,400 tonnes.

On pricing, Select Harvests lifted its pool price estimate to A$10.26 per kilogram from A$10.21 per kilogram. The pool price is 91% hedged at a US dollar Exchange Rate of 0.665. The company noted that global almond prices had reached a 10-year high in US dollar terms. Because almonds are sold in US dollars in many export markets, the exchange rate is an important input into the price the company receives in Australian dollars, which is why it hedges a large share of its expected sales.

What to Watch on 25 November

The full-year result will provide second-half earnings and cash flow, the final crop outcome against the narrowed guidance range, net debt at 30 September 2026, and an update on buy-back activity. Those figures will frame the Board's dividend decision.

If a final dividend is declared, the announcement will set out the amount, the franking percentage, the ex-dividend and record dates, the payment date and whether the reinvestment plan will operate. For the interim, the gap between declaration on 28 May and payment on 15 July was about seven weeks. The timetable for any final dividend will be confirmed by the company in its result announcement.

The franking level of any final will also depend on the tax the company has paid. The interim was fully franked, and franking credits can only be attached to the extent the company has credits available in its franking account.

Select Harvests is led by Managing Director and Chief Executive Officer David Surveyor.

Key Takeaways

Select Harvests will release its FY26 result on 25 November 2026, the date on which any final dividend will be declared. The company paid a 3.5 cent fully franked interim dividend on 15 July 2026, after an ex-dividend date of 17 June, and is running an on-market buy-back of up to 14,210,763 shares funded from cash.

Second-half earnings will depend on a 2026 crop guided at 28,800 to 29,600 tonnes and a pool price estimate of A$10.26 per kilogram, mostly hedged. The result will show how the Board balances a final dividend, the buy-back and net debt, which stood at $182.6 million at the half-year.