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Australian Agricultural Projects Ltd. ( (AU:AAP) ) has issued an update.
Australian Agricultural Projects reported that preparations for the 2026 olive harvest are close to completion, with upgraded harvester control systems and new olive washing equipment set to support an expected yield of 570,000 to 640,000 litres in an off year. A major early March rainfall caused short-term flooding but no lasting damage, while significantly cutting irrigation needs by about 400 megalitres and supporting operational efficiency.
For the March quarter, the company posted cash receipts of $2.07 million and an operating surplus of $596,000, bringing year-to-date receipts to $6.55 million and surplus to $2.40 million, broadly in line with budget. Management continues to anticipate an operating deficit in the June quarter due to harvest timing, while borrowings have been reduced by $826,000 to $3.83 million, with a portion of the core facility available for redraw to support working capital.
More about Australian Agricultural Projects Ltd.
Australian Agricultural Projects Ltd is an ASX-listed agribusiness focused on olive production in Victoria. The company manages large-scale orchards and operates harvesting and processing equipment to produce bulk olive oil for commercial sale, with revenues tied to biennial crop cycles and prevailing demand in the olive oil market.
Average Trading Volume: 40,976
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$22.12M
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