Key points
- Crop size update to 28,800MT - 29,600MT
- Pool price increase to A$10.26/kg
- Higher operational costs due to wet harvest
- External grower volumes rise significantly
- Net debt to be below $65m
Full summary
Select Harvests Ltd has provided an update on its 2026 crop, anticipating a near-record production of 28,800MT - 29,600MT, a significant increase due to wet weather. The company's capital investments in new equipment and capacity expansion have been crucial. Operational costs have risen to $13.9m due to wet harvest conditions and other one-off costs. The pool price has increased to A$10.26/kg, and external grower volumes are expected to be 13,800MT - 14,200MT, an 88-94% increase from FY25. Net debt is projected to be below $65m by year-end.
Guidance
Crop size 28,800MT - 29,600MT; pool price A$10.26/kg; operational costs $13.9m; net debt < $65m
Outlook
The macro outlook for almonds remains positive with increasing global prices driven by supply constraints in California. The company is well-positioned for growth opportunities.