Elders shares plunge on fuel price concerns
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More news: Elders shares tanked at the open despite reporting a 17% rise in net profit for the six months to 31 March.
Shares were down 19.4% to $5.80 at 10:40am AEST, taking 12-month losses to 12%.
The company flagged that elevated diesel prices “remain a challenge” for the industry but said it remained well-positioned for the second half.
Elders posts 17% jump in HY profit boosted by Delta Agribusiness earnings
The news: Agriculture and real estate group Elders has reported a 17% rise in first-half statutory profit to $39.5 million, boosted by improved seasonal conditions and earnings from newly acquired Delta Agribusiness.
The numbers: The company delivered underlying sales revenue of $1.77 billion, up 32% jump year over year. Underlying earnings (EBIT) rose 33% to $76.6 million.
Elders declared an interim dividend of 18 cents per share, 100% franked, compared to a 50% franked payout of 18 cents per share a year earlier.
The context: Elders said “considerable progress” has been made to fast-track synergies with Delta Agribusiness, which it acquired for $475 million late 2025.
Initial benefits of those efforts are expected to be weighted to the second half of FY26, it said, with full benefits to be realised over three years.
The company said it is “well placed” to manage fertiliser disruption through its back-to-back purchasing model and diversified suppliers. However, it noted that elevated diesel prices remain a challenge for the industry.
The source: ASX
