Key Highlights

  • Select Harvests shares traded up 6.36% at $4.35 during the 11 November 2026 trading session.
  • The company expects a 2026 crop of 28,800 to 29,600 tonnes, a near-record result.
  • Year-end net Debt is expected to be below $65 million, and the pool price rose to $10.26 per kilogram.

During the Trading session on 11 November 2026, Select Harvests Ltd (ASX:SHV) shares were trading at $4.35 by late morning, up 6.36%. The S&P/ASX 200 (ASX:XJO) was down about 0.06% at 9,123.90 at 12:19 pm over the same period. Select Harvests is an Australian almond grower and processor. On 8 September 2026, the company announced a trading update covering its 2026 crop and costs.

 

Crop Size

The company now expects a 2026 crop of between 28,800 and 29,600 tonnes, against previous guidance of 28,000 to 31,000 tonnes. It described the crop as near-record, up 16% to 19% on the prior corresponding period, despite unusually wet weather in late February and early March.

 

Pool Price

The 2026 pool price is now A$10.26 per kilogram, up from A$10.21 previously. The company said continued strength in the almond price offset some of the higher costs.

 

Wet Harvest Costs

Operational costs related to the wet harvest and other one-off items rose to $13.9 million, up from $6.9 million previously. The company said these costs reflect the impact of wet weather on harvest and drying, the conflict in the Middle East and general inflationary pressures.

 

External Grower Volumes

External grower volumes are expected to be between 13,800 and 14,200 tonnes, an increase of 88% to 94% on FY25, and below previous guidance of 15,400 tonnes. Select Harvests said its significant capital investments of about $30 million in drying, processing and capacity expansion were critical to achieving the increased crop size.

 

Net Debt

The company expects year-end net debt to be below $65 million.

 

Sector Context

Almond growers and processors are exposed to weather, pool pricing and input costs, and harvest conditions can have a significant effect on volumes. The sector has seen cost pressures from inflation, and investment in processing capacity is a common response.

 

Key Risks

The company’s costs rose sharply during the harvest, and further one-off costs could affect the full-year result. The pool price depends on almond market conditions, and external grower volumes fell short of previous guidance. Weather remains a risk for future harvests, and the company’s net debt target depends on the year’s cash flows.

 

What to Watch Ahead

Investors will be watching the final FY26 result, the outcome of the year-end net debt position and the company’s guidance for the 2027 crop and pool price. Further updates on processing capacity and external grower volumes will also be relevant.

 

Final Word

Select Harvests’ trading session on 11 November 2026 followed an update that showed a near-record crop alongside higher harvest costs. The company’s full-year result will show how these elements come together.