• Safety and safety culture remain a top priority, with a reduction in total injury frequency rate
• Significant progress made in improving financial performance, including halving debt and increasing profitability
• Positive macroeconomic conditions for almonds, with growing demand and limited supply increases

The announcement covers the FY2025 AGM Chair's address and Managing Director's presentation. Safety and safety culture remain a top priority, with the company reporting a reduction in total injury frequency rate from 7.1 to 5.5. Financially, the company reported a net profit after tax of $31.8m in 2025, with debt halved to $79.1m and gearing reduced to 15.1%. While crop yield was lower than anticipated, the company remains committed to its strategic pillars, including increasing almond volumes, improving processing efficiency, and maximizing returns from the crop. Macroeconomic conditions for almonds continue to be robust, with growing demand across key export markets and limited supply increases. The company was recognized for its achievements, winning the Regional Exporter of the Year award. The board is confident in the company's strategy and execution, and plans to resume dividend payments in 2026. The company continues to focus on sustainability initiatives and improving corporate governance. Developing talent and adding new capabilities to the organization remain a priority for the board.

The company expects to pay a dividend in 2026, with the dividend amount to be confirmed at the half-year results. The board has set a gearing level target of below 25% at year-end.

The company remains confident in the positive macroeconomic conditions for almonds, with growing demand and limited supply increases. The company is focused on continuing to deliver improvements in safety, financial performance, and operational efficiency to position the business for future growth.