Latest Agribusiness News

Bendigo and Adelaide Bank is embarking on a three-year, $70 million program to fix significant non-financial risk management weaknesses flagged by APRA, while reporting a $375 million statutory profit for FY26 impacted by rectification provisions and legal penalties.

Westpac Banking Corporation reported a 3% increase in statutory net profit to $1.8 billion in Q3 2026, supported by loan and deposit growth alongside stable capital ratios and ongoing transformation efforts.

Meteoric Resources has signed a strategic partnership with POSCO International to advance the development and commercial production of rare earths at the Caldeira project in Brazil, aiming to secure a resilient supply chain for Korea.

Minbos Resources has secured A$4 million in a discounted placement to fund key milestones at its Cabinda Phosphate Project, including mining commencement and plant construction progress.

Elders Limited has finalised the sale of Killara Feedlot to Australian Meat Group, marking a key step in its strategy to reduce net debt.

Select Harvests appoints Kristina Hermanson as Managing Director and CEO, aiming to leverage her 25 years of global agribusiness expertise to drive the company’s next growth phase.

Australian Agricultural Company (ASX:AAC) defied North Queensland floods to deliver a 23% jump in operating profit, driven by strong beef pricing and herd valuation gains.

Elders Limited has secured final regulatory approvals from FIRB and ACCC to complete the sale of Killara Feedlot to Australian Meat Group, with transaction completion anticipated by the end of June.

Scales Corporation has declared a final FY2025 dividend of 12.5 cents per share, lifting total dividends for the year to 25 cents, representing 59% of underlying net profit. The company also introduced a Dividend Reinvestment Plan offering shares at a 2% discount.

Elders Limited lifted half-year revenue by 32% to $1.77 billion, with profit after tax rising 17% to $39.5 million, boosted by the Delta Agribusiness acquisition and improved seasonal conditions. The company declared an 18-cent fully franked interim dividend and advanced its new divisional model and systems modernisation.

Judo Bank’s Q3 results show solid lending expansion, stable credit quality amid economic uncertainty, and reaffirmed FY26 guidance with a healthy capital buffer.

Murray Cod Australia (ASX:MCA) is raising $18.6 million through a fully underwritten entitlement offer at a steep 43% discount to last price, aiming to convert its record 3,700-tonne biomass into sales and expand processing capacity.