By Digifin Pty Ltd · About this coverage
Key Points
- Underlying EBITDA of $223 million (FY25: $308 million), in line with guidance
- Statutory NPAT of $(10) million against $40 million in FY25
- FY26 ordinary dividends of 28 cps fully franked
- FY27 earnings guidance expected at the AGM in February 2027
About GrainCorp (ASX:GNC)
GrainCorp Limited is an ASX-listed agribusiness headquartered in Sydney. It operates grain storage, handling and port infrastructure in eastern Australia, markets grain internationally, crushes oilseeds and supplies edible oils, animal feed ingredients and renewable fuel feedstocks in Australia and New Zealand.
GrainCorp (ASX:GNC) reported lower FY26 earnings and a statutory loss after low global grain prices, reduced grower selling and fewer tonnes handled on the East Coast cut Agribusiness margins.
Underlying EBITDA was $223 million (FY25: $308 million), in line with guidance, and Underlying NPAT was $31 million (FY25: $87 million). Statutory NPAT was $(10) million against $40 million in FY25. Agribusiness Underlying EBITDA was $156 million (FY25: $218 million), with total grain handled of 28.6mmt (FY25: 31.6mmt), while Nutrition and Energy Underlying EBITDA was $96 million (FY25: $117 million). Core cash was $171 million. The Board declared a final ordinary dividend of 14 cps fully franked, bringing FY26 ordinary dividends to 28 cps, against 28 cps ordinary and 20 cps special in FY25. Approximately $38 million of the $75 million on-market share buy-back has been completed. The Business Transformation Program delivered $12 million in run-rate annualised benefits and continues to target a $20-30 million run-rate improvement by the end of FY28.
GrainCorp gave no FY27 earnings guidance and expects to provide it at its AGM in February 2027. Its expectation that export and crush margins will improve rests partly on the ABARES forecast of a 26.6mmt ECA winter crop. Underlying measures are non-IFRS.
Source: GrainCorp Limited (ASX:GNC), 12 November 2026. Summary content supplied by Digifin Pty Ltd.
News summary only, not financial advice. It does not consider your objectives, financial situation or needs.