Australian Agricultural Company (ASX:AAC) has confirmed that heavy rainfall and flooding in north-western Queensland have affected three of its 27 properties—Carrum, Dalgonally, and the Canobie aggregation.
The company, which manages a herd of approximately 456,000 cattle, noted that around 55,000 head are on the impacted Gulf properties, significantly fewer than during the 2019 floods in the region.
AACo emphasised that the safety of staff, families, and livestock remains its top priority, with all personnel on affected properties currently safe.
Management is actively monitoring the situation and taking steps to mitigate the impact on operations, land, and cattle.
While southwestern Queensland and the Northern Territory, where most of AACo's assets are located, continue to experience favourable seasonal rainfall, the company noted that the financial implications of the floods for the March 2026 fiscal year remain uncertain but could be material.
AACo operates without flood insurance for cattle or infrastructure, citing industry practice and prohibitive costs, but stated its balance sheet and overall financial position remain strong.