GrainCorp Limited Reports Resilient FY24 Performance

Graincorp Limited Class A (AU:GNC) has released an update.

GrainCorp Limited reported a resilient performance for FY24, despite challenging global market conditions, with an underlying EBITDA of $268 million and a net profit of $62 million. The company achieved record oilseed crush volumes and increased sales in Animal Nutrition and Agri-energy, while maintaining a strong cash position to support growth opportunities. GrainCorp’s strategic moves, including the acquisition of XF Australia and a focus on sustainable operations, underscore its commitment to long-term growth and shareholder value.

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