AACo posts record $71.6M operating profit

Australian Agricultural Company (ASX:AAC) has delivered a stellar FY26 financial performance, headlined by an operating profit of $71.6 million.

The milestone represents a 23% increase on the prior corresponding period, achieved despite increasingly uncertain market and environmental conditions.

When adjusting for the unprecedented North Queensland flooding event, AACO's underlying operating profit reached an even more impressive $80.6 million.

The agricultural giant’s total revenue climbed 9% to $422.1 million, up from $387.9 million a year earlier.

Management attributed this growth to disciplined global market allocation, price growth, and adaptive sales timing that successfully captured strong cattle demand while maintaining sales volumes.

Efficiency measures also paid off, with core free cash flow swinging into positive territory at $0.8 million, marking an $11.4 million turnaround from last year's $10.6 million deficit.

A $128.6 million surge in the fair value of its herd lifted statutory net profit after tax to $107.3 million, a recovery from the $1.1 million loss recorded previously.

A $153 million uplift in property values combined with the herd valuation to drive net tangible assets up 15% to $2.92 per share.

AACo Managing Director and CEO David Harris stated that the results validate the company's growth trajectory and strategic focus areas, which include improving beef quality and unlocking land value.