• Preparations for 2026 olive harvest nearing completion
• Significant rainfall event in March resulted in reduced irrigation requirements
• Upgrade of hydraulic control systems on harvesters to improve efficiency

Australian Agricultural Projects Ltd (ASX: AAP) has released its quarterly update for the period ended 31 March 2026. The company is preparing for the upcoming 2026 olive harvest, with harvesting expected to commence in the coming weeks. The orchard team has been calibrating the upgraded control systems on the harvesters and commissioning new olive washing equipment ahead of the seasonal harvest workforce induction. Management's expectations remain unchanged, with the 2026 yield forecast to be in the range of 570,000 to 640,000 litres, consistent with 2026 being an 'off' year in the orchard's biennial production cycle.The orchard experienced a significant rainfall event in early March, resulting in flooding that persisted for approximately two weeks. While there was no lasting damage to the orchard or trees, large areas were temporarily inaccessible. A positive outcome of this event has been a reduced requirement for irrigation, delivering an estimated saving of approximately 400 megalitres of water.During the quarter, the orchard team's primary focus was the upgrade of the hydraulic control systems on the company's two harvesters. This initiative aimed to extend the operational life of the equipment and improve harvesting efficiency. While some further fine-tuning may be required during and following the upcoming harvest, the team is confident that both the reliability and performance of the harvesters have been enhanced.