Inghams reports $34.6M annual net profit

• Inghams recorded a 61.5% drop in net profit to $34.6 million for the 2026 financial year.
• The poultry producer delivered cost savings of $82.3 million and announced a 6.1 cents per share dividend.
• The company stated it is entering the new financial year with a stronger and more diversified customer portfolio.

Inghams (ASX:ING) reported a 61.5% decline in annual net profit after tax to $34.6 million.

Underlying earnings fell 21.2% to $186.4 million, which matched the company’s prior financial guidance.

Revenue growth was more than offset by a 6.2% increase in total costs, which reflected growth in production volumes, cost inflation and production inefficiencies.

"During FY26, we returned to volume growth, materially diversified our customer portfolio, reduced inventory and delivered $82 million of cost savings," said Inghams CEO and Managing Director Ed Alexander.

Australian revenue increased 3.5% to $2.73 billion, supported by core poultry volume growth of 2% and a 2.4% increase in net selling prices to $6.50/kg.

The poultry producer delivered $82.3 million in target savings and reduced net debt by $27.1 million.

Following the announcement, the Ingham's share price was down at $2.22.

The board has declared a fully franked final dividend of 6.1 cents per share, representing a payout ratio of 70%.

Core poultry volumes grew 1.9% as inventory levels returned to normal across the distribution network.

Inghams expects an FY27 underlying EBIT of between $155 million and $180 million. It also eyes $30 million of additional transport and packaging costs associated with the Middle East conflict.