Strong performance and improved instructions

• Underlying EBITDA: 202 million US dollars for the first half of the 2005 financial year.

• Underlying net profit after taxes: 69 million US dollars for the first half of the 2005 financial year.

• Improved earnings management: The FY '26 underlying EBITDA projected between 285 and 325 million US dollars.

• Core money position: 296 million US dollars for credit.

• Overall dividends declared: 0.24 USD per share, including an ordinary dividend of $ 0.14 and a special dividend of $ 0.10, both frankly frankes.

• Share buyback increase: From $ 50 million to up to 75 million US dollars.

• Total grain handle: 29.5 million tons, compared to 25.4 million in the previous first half.

• Animal nutrition EBITDA: 14 million US dollars for the 12 months to March 31 '25, which exceed expectations.

• Investment: A total of 30.5 million US dollars, with the sustainable Capex is expected to be 60 to 65 million US dollars for the whole year.

• Net debt: 1.3 billion US dollars, driven by the financing requirements for raw material stocks.

Appearance date: May 15, 2025

For the complete protocol of the earnings call, see the full profit call transcription.

• GrainCorp LTD (GRCLF) recorded a strong performance in the first half with an underlying EBITDA of $ 202 million.

• The company has increased its profit guidelines for the fiscal year '26 to $ 285 million and USD 325 million.

• GrainCorp LTD (GRCLF) explained the total dividend of $ 0.24 per share, including a fully franked ordinary dividend and a special dividend.

• The company increased its ongoing stock of 50 million US dollars up to $ 75 million.

• GrainCorp LTD (GRCLF) showed strong operating metrics, including record volumes and growth of sales of animal nutrition.

• Due to the stronger global production, the company was exposed to weaker export margins from the most important export markets.

• GrainCorp LTD (GRCLF) recorded a loss of 10 million US dollars in its Canadian joint venture and emphasized the continuing challenges in this market.

• The Crush edges were structurally weaker due to a smaller Victorian rapeseed and a lower global demand for vegetable oils.

• The business transformation program is expected to incur higher costs, with an additional 10 million US dollars expected in the financial year.

• The company found that the pressure on the margins in the nutrition and energy segment increased pressure with a stronger weighting of the first half.

Q: Can you clarify the costs and the time of the transformation program? In particular, how much is spent on the release one and release two? A: On the whole, the expenses in the second half are well locked up, with an increase of 10 million US dollars increased compared to previous advice in 2026. Publication two will be in Quantum on publication one, which corresponds to around 80 million dollars. We have learned from the release One about the risk of the program and are confident that after the advantages have been completed in the early stages. Robert Spurway, CEO