Namoi Cotton Ltd (AU:NAM) has released an update.
Namoi Cotton Ltd has ginned 920,000 bales in the current season, slightly below last year’s, but expects stable financial performance with an EBITDA forecast of $26-29 million, excluding transaction expenses. Despite challenges such as increased energy costs and weather disruptions, the company has maintained profitability through improved cost management and Cottonseed Marketing. Positive water storage levels forecast a promising 2025 season, with expected cotton production mirroring this year’s.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.
