GrainCorp posts $223M underlying EBITDA
Key points
- GrainCorp posted an underlying EBITDA of $223 million alongside a statutory net loss of $10 million for FY26.
- The full-year earnings matched company guidance, and the board declared 28 cents per share in total dividends.
- Management credited cost controls and operational diversification as the agribusiness navigated lower global grain prices and reduced trading margins.
GrainCorp (ASX:GNC) reported an underlying EBITDA of $223 million for the year ended Sept. 30, down from $308 million in the prior year.
The company recorded a statutory net loss after tax of $10 million, shifting from a $40 million profit in FY25 amidst reduced East Coast grain handling volumes.
“We continued to invest in the business during FY26, while maintaining a disciplined approach to capital allocation,” said GrainCorp Managing Director and CEO Robert Spurway.
Lower grower selling activity reduced East Coast grain handlings to 28.6 million metric tonnes, while total dividends dropped to 28 cents per share after the company omitted last year's 20-cent special payout.
Following the announcement, the GrainCorp share price was unchanged at $7.04.
The group completed the divestment of GrainsConnect Canada during the second half of the year to sharpen its international profile.
The company stated that its supply chain infrastructure and balance sheet provide a strong foundation to support future growth and earnings diversification.
