Select Harvests Reports Strong Half-Year Profit Turnaround

Select Harvests Limited ( (SHVTF) ) has released its Q2 earnings. Here is a breakdown of the information Select Harvests Limited presented to its investors.

Select Harvests Limited is a leading almond producer in Australia, known for its integrated operations in the almond industry. The company has reported a significant turnaround in its financial performance for the half-year ending March 2025, with a profit after tax of $28.7 million compared to a net loss in the previous year. Key highlights include a strong increase in revenue to $104.5 million, driven by higher almond prices and strategic sales initiatives, as well as a successful expansion of its processing capacity. The company is focusing on maximizing crop returns and improving operational efficiencies to leverage favorable market conditions. Looking ahead, Select Harvests is optimistic about its growth prospects, supported by a robust sales program and strategic market expansions, particularly in Asia.