Ridley shares lift following growth strategy announcement, flags Iran war resilience
Make us a preferred source
Make us a preferred source on Google
The news: Shares in animal feed and fertiliser business Ridley Corporation has seen its shares lift in afternoon trade after outlining its FY26-FY28 growth plan.
The numbers: At 12:10pm AEDT, shares in Ridley had lifted 2.2% to $2.75 and were up 11.5% over the last year.
The context: Ridley also outlined expectations for the drivers of Group earnings growth for FY26. This includes the nine-months contribution from the recently acquired fertilisers segment, especially seasonal peak demand in the second half period.
The company also flagged increased market share and volume related operational efficiency in the bulk stockfeeds segment as well as processing improvements from capital investments in the packaged feeds and ingredients segment and modes price recovery in the second half for meals, oils and tallow products.
The company does not expect FY26 earnings to be materially impacted by the geopolitical developments in the Middle East, based on the current situation.
What they said: “Recent geopolitical developments in the Middle East may affect global fertiliser supply chains, with the region a source of supply for Australia,” the company’s outlook statement reads.
“Ridley’s diversified fertiliser supply network provides resilience and, based on current information, FY26 earnings are not expected to be materially impacted.”
The source: ASX
