Inghams Profit Slumps Despite Steady Revenue as Board Maintains Dividends

Inghams Group Ltd. ( (AU:ING) ) has shared an announcement.

Inghams Group Limited reported flat revenue of $1.61 billion for the half year to 27 December 2025, while net profit attributable to members fell 64.9% to $18.1 million compared with the prior corresponding period. The board has determined a fully franked interim dividend of 4.0 cents per share, totalling $14.9 million and payable on 3 April 2026, following the payment of an 8.0 cent fully franked final dividend for FY25 and against a backdrop of modestly higher net tangible asset backing of $0.67 per share.

The group’s investment in pet food palatant maker AFB International remained non-material to its financial performance, and it completed the wind-up of its Bermuda-based captive insurer Ovoid Insurance Limited during the period. The weak profitability despite stable sales underscores margin pressures or higher costs in the business, yet the continued dividend payments and improvement in net tangible asset backing suggest the board’s confidence in the company’s balance sheet resilience and ongoing returns to shareholders.

The most recent analyst rating on (AU:ING) stock is a Sell with a A$2.10 price target. To see the full list of analyst forecasts on Inghams Group Ltd. stock, see the AU:ING Stock Forecast page.

More about Inghams Group Ltd.

Inghams Group Limited is a food producer operating primarily in the poultry and protein sector, supplying chicken and related products to retail, foodservice, and other commercial customers. The company also holds a 50% stake in AFB International Pty Limited, which manufactures pet food palatants in Australia for domestic and South East Asian markets.

Average Trading Volume: 1,872,523

Technical Sentiment Signal: Sell

Current Market Cap: A$894.5M

For a thorough assessment of ING stock, go to TipRanks’ Stock Analysis page.