Ridley Corporation Limited ( (RIDYF) ) has released its Q2 earnings. Here is a breakdown of the information Ridley Corporation Limited presented to its investors.
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Ridley Corporation Limited is an Australian company specializing in the manufacture and supply of premium animal nutrition feed and ingredient solutions, operating across Australia, New Zealand, and Thailand. In its latest earnings report for the half-year ended December 2024, Ridley Corporation Limited announced a 3.3% increase in revenue to $658.85 million compared to the same period last year. The company achieved a gross profit of $63.5 million, up from $61.1 million in the previous year, and a net profit after tax of $22.2 million, slightly higher than the $21.4 million reported in the prior period.
Key performance highlights include an operating profit of $35.5 million, up from $33.8 million a year earlier, and a notable increase in net cash from operating activities, which rose from $24.6 million to $37.3 million. However, the company faced higher finance costs of $5.3 million compared to $3.8 million last year. Ridley’s balance sheet remained robust, with total assets increasing to $685.5 million from $662.0 million in June 2024, while the total equity rose to $329.1 million from $323.1 million.
Ridley Corporation’s strategic acquisitions have contributed to its growth, notably with the purchase of the Carrick feedmill in Tasmania and Oceania Meat Processors in New Zealand. These acquisitions are expected to enhance production capabilities and provide growth opportunities across the regions. The company also declared a fully franked interim dividend of 4.75 cents per share, reflecting its commitment to returning value to shareholders.
Looking ahead, Ridley Corporation’s management remains optimistic about future growth prospects, supported by its strategic investments and ongoing focus on operational efficiency. The company’s emphasis on expanding its market presence and product offerings is expected to drive continued success in the competitive animal nutrition industry.
