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Select Harvests profit surged to $31.8M in 2024-25, driven by higher almond prices and efficiency, despite lower yields.
Select Harvests posted a $31.8 million net profit for 2024-25, up from $900,000 the prior year, driven by higher global almond prices and improved efficiency despite lower crop yields and reduced processing volumes.
The company cut net debt to $79 million but will not pay a final dividend.
Australia’s wine industry faces a 260 million litre surplus, prompting major producers to cut brands and write down assets amid declining consumption.
Wine Australia urges future harvests to stay under 1.5 million tonnes to balance supply.
Bega Group launched a lighter whipped peanut butter, boosting sales by 2.5% and attracting new customers, while selling its Queensland peanut processing sites and water licenses after failing to grow local production.
El beneficio de Select Harvests se disparó hasta los 31,8 millones de dólares en 2024-25, impulsado por el aumento de los precios de las almendras y la eficiencia, a pesar de los rendimientos más bajos.