Ridley lifts earnings and dividend on strong cash flow, boosted by fertiliser acquisition

An update from Ridley Corporation Limited ( (AU:RIC) ) is now available.

Ridley Corporation reported a strong first-half FY26 performance, with underlying EBITDA rising 9% to $55.4 million and statutory EBITDA jumping 66% on the prior corresponding period. Earnings were driven by a three-month contribution from the newly acquired fertilisers business at the high end of expectations, increased market share in Bulk Stockfeeds and growth in Packaged Feeds from new customer contracts, partly offset by weaker Ingredients results due to operational constraints and lower commodity prices.

The group generated operating cash flow of $127.9 million, sharply higher than $49.2 million a year earlier, and maintained disciplined capital management with leverage at 0.8 times despite higher working capital and the fertiliser acquisition. Return on funds employed dipped to 9.7% from 10.4%, but the board signalled confidence by lifting the fully franked interim dividend to 5.10 cents per share, underscoring a commitment to shareholder returns while integrating the new fertiliser operations.

The most recent analyst rating on (AU:RIC) stock is a Buy with a A$3.03 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.

More about Ridley Corporation Limited

Ridley Corporation Limited is an Australian agribusiness focused on stockfeeds, animal nutrition and related agricultural inputs. The company serves bulk and packaged feed markets and has recently expanded its footprint in fertilisers, positioning itself as a key supplier to livestock producers and broader agricultural customers.

Average Trading Volume: 522,350

Technical Sentiment Signal: Hold

Current Market Cap: A$910.9M

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