Inghams posts 65% drop in 1H profit on rising costs, cuts guidance

9:56am on 20 February 2026

The news: Poultry producer Inghams reported first-half profit of $18.1 million, down 65% year on year, as excess inventory, supply chain changes and customer on-boarding drove up costs.

Analysts were expecting a half-year profit of $23.8 million, according to Visible Alpha data.

Underlying EBITDA fell 35% year on year to $80.6 million, in line with guidance. However, the company has cut its full-year underlying EBITDA guidance to $180 million-$200 million from $215 million-$230 million.

The company declared an interim dividend of 4 cents, down from 11 cents last year and missing consensus estimates of 6 cents per share.

The source: ASX

Inghams posts 65% drop in 1H profit on rising costs, cuts guidance

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