Highlights

  • Elders Limited operates across rural services including farm supplies, livestock, grain, real estate, finance and insurance.
  • The Delta Agribusiness Acquisition expanded the company's rural services network during FY2026.
  • Half-year FY2026 Revenue increased to A$1.77 billion and underlying EBIT increased to A$76.6 million.
  • The company continues managing integration, Leverage and seasonal conditions across its operations.

Elders Limited (ASX:ELD) is a diversified Australian rural services group providing agricultural products and services through its branch network. The company operates across farm supplies, livestock and wool agency, grain, real estate, finance and insurance activities.

Recent Development

Elders released its half-year FY2026 results on 18 May 2026. Revenue increased 32 per cent to A$1.77 billion, while underlying EBIT increased 33 per cent to A$76.6 million. Gross Margin increased 27 per cent to A$396.6 million, and statutory net profit after tax was A$39.5 million.

Business Operations

Following a restructure in October 2025, Elders' rural services operations were organised into Northern, Southern and Western divisions. The Business operates through a national network supporting agricultural customers across Australia.

Financial and Operational Position

At 31 March 2026, Elders reported net Debt of A$621.6 million, with leverage at 3.8 times. The company has indicated leverage could reduce following completion of the Killara Feedlot divestment, subject to required approvals.

Key Factors to Monitor

Future company updates may provide information on the contribution from the Delta Agribusiness acquisition, completion of the Killara Feedlot divestment and the transition to a new chief executive on 1 October 2026.

Risks

Elders is exposed to seasonal conditions affecting agricultural activity, regulatory approvals related to transactions and changes in livestock and Commodity market conditions. Integration of acquired operations is also an important operational factor.

Key Insights

Elders' FY2026 developments reflect changes in business scale, operational structure and Capital management following acquisition activity. Future disclosures will provide further information on integration progress, financial performance and Balance Sheet changes.