Latest Agricultural Sector News

Babylon Pump & Power is set to acquire Blue Hire, expanding its rental fleet and market reach in Western Australia, while extending its retail entitlement offer deadline to June 13.

Orora Limited announces a leadership transition in its Global Glass division, with Emmanuel Ladent set to succeed Jean Marc Arrambourg as President by year-end 2025.

Minbos Resources advances its Cabinda Phosphate Project with strong sales interest and a $36 million financing package, positioning itself as a key player in Angola's agricultural transformation.

Ridley Corporation has successfully raised approximately $99 million through an institutional placement and entitlement offer to partly fund its $300 million acquisition of Dyno Nobel’s fertiliser distribution business. The capital raising received strong support from institutional investors, setting the stage for a retail entitlement offer later this month.

Lindsay Australia has announced the acquisition of Tasmania’s leading refrigerated logistics provider, SRT Logistics, for $108.2 million, marking a strategic expansion into the Tasmanian and Trans Bass Strait markets. The deal is expected to boost Lindsay’s FY25 earnings per share by approximately 15%.

Ridley Corporation has agreed to acquire Dyno Nobel’s fertiliser distribution arm for A$300 million, backed by a $125 million equity raise. This move positions Ridley as a leading diversified agricultural services provider with a new growth pillar.

Macquarie Bank Limited reported an 18% rise in net profit for FY2025, driven by growth in its retail banking segment despite margin pressures, while its commodities business faced subdued markets. The bank maintained strong capital ratios and advanced its risk and technology frameworks amid regulatory scrutiny.

Macquarie Group reported a 5% rise in full-year net profit to A$3.715 billion for FY25, driven by growth across its diversified businesses and a solid capital position. The group’s assets under management reached A$941 billion, supported by strong home loan and deposit growth.

RLF AgTech has secured major national distribution agreements in Australia, launched a comprehensive retail rollout, and restructured its manufacturing arm, LiquaForce, to drive growth and operational efficiency. The company also reported strong financial performance and expanded its footprint across Asia.

Wingara Limited has entered an exclusive agreement with Terra Firma Limited to explore and acquire meat industry businesses, securing $750,000 in initial funding. Trading on the ASX is suspended pending re-compliance and relisting.

Wingara AG has finalised the sale of its JC Tanloden machinery following shareholder approval, reporting a cash position of $648,000 as it winds down processing operations and explores new opportunities in the agriculture sector.

Judo Bank has reported a robust half-year performance with a 70% jump in statutory net profit, driven by strong loan growth and improved margins, while reaffirming its FY25 profit guidance.