ING.ASX: Reaffirming FY25 Guidance & Trading Update

Reaffirming FY25 Guidance & Trading Update

Stock	Inghams Group Ltd (ING.ASX)
Release Time	6 May 2025, 8:40 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Inghams Reaffirms FY25 Guidance, Provides Trading Update

Key Points

Reaffirming FY25 guidance for Core Poultry Volume growth of -1% to -3% and Underlying EBITDA (pre-AASB 16) of $236 million to $250 million
Group core poultry volumes declined 2.2% in the first nine months of FY25 compared to the same period in FY24
Group core poultry Net Selling Price/kg (NSP) increased 1.2% for the first nine months of FY25 versus prior corresponding period

Full Summary

Inghams Group Limited (ASX: ING) has provided a trading update for the first nine months of FY25 ending 29 March 2025. The company has reaffirmed its FY25 guidance for Core Poultry Volume growth of -1% to -3% and Underlying EBITDA (pre-AASB 16) of $236 million to $250 million. Group core poultry volumes declined 2.2% in the first nine months of FY25 compared to the same period in FY24, with Retail volume growth of 2.4% more than offset by declines across Wholesale, Export and QSR. Group core poultry Net Selling Price/kg (NSP) increased 1.2% for the first nine months of FY25 versus the prior corresponding period, with modest growth in both Australian and New Zealand pricing. In Australia, core poultry volume declined 3.4% for the first nine months of FY25 compared to the same period in FY24, largely due to a temporary reduction in the number of birds processed to manage elevated inventory levels in 2H24, and the impact of the second tranche of the new Woolworths supply agreement that came into effect in mid-3Q25. In New Zealand, core poultry volume increased 5.0% versus the prior corresponding period, supported by the contribution from Bostock Brothers Limited (BBL), driven by growth in both the Retail and Export channels. The company has also observed a decline in the pricing of key feed ingredients, with wheat pricing down approximately 9% and soymeal pricing down approximately 13% versus FY24.

Guidance

Reaffirming FY25 guidance for Core Poultry Volume growth of -1% to -3% and Underlying EBITDA (pre-AASB 16) of $236 million to $250 million.

Outlook

The company remains confident in its outlook for the remainder of the financial year and will release its FY25 financial results on 22 August 2025.