Preliminary Final Report
| Stock | Australian Agricultural Projects Ltd (AAP.ASX) |
|---|---|
| Release Time | 29 Aug 2025, 11:48 a.m. |
| Price Sensitive | Yes |
Australian Agricultural Projects Ltd Preliminary Final Report
- Revenue from ordinary activities up 18% to $5.6 million
- Profit from ordinary activities after tax up 56% to $2.0 million
- Revaluation of investment property increased by $452,675
Australian Agricultural Projects Ltd has reported its preliminary final results for the financial year ended 30 June 2025. The company's revenue from ordinary activities increased by 18% to $5.6 million, while profit from ordinary activities after tax grew by 56% to $1.96 million. The company also saw a revaluation of its investment property, increasing its value by $452,675. The company's consolidated statement of financial position shows total assets of $23.9 million, including $14.1 million in bearer plants (olive trees) and $2.8 million in investment property. The company's total liabilities stand at $8.5 million, including $6.0 million in loans and borrowings. Shareholders' equity has increased to $15.3 million. The company did not declare any dividends for the year. Subsequent to the end of the reporting period, the company has decided to manage a portion of its orchard directly, following the cessation of a managed investment scheme, and will need to purchase residual irrigation rights from the growers at an estimated cost of $783,780.