Select Harvests has released its full-year FY2025 results, reporting a Net Profit After Tax (NPAT) of A$31.8 million, compared with A$0.9 million in FY2024. EBITDA totaled A$82.4 million, an 81 per cent increase year-on-year. Net debt fell to A$79.1 million, down from A$162.3 million the previous year.
The company's almond crop reached 24,903 metric tons, a 16 per cent decrease compared with FY2024. External grower crop declined to 7,329 metric tons, down 30 per cent from the previous year. The average almond price increased to A$10.18 per kilogram, up from A$7.69 per kilogram in FY2024. Operating cash flow was A$118.6 million, compared with A$9.5 million a year earlier. Earnings per share for FY2025 were 22.4 cents. No final dividend was declared.
© Select Harvests
Management stated that reductions in net debt reflect the company's financial position heading into the next season. The company reported a total recordable injury frequency rate (TRIFR) of 5.5 per million hours worked, noting an improvement from the prior year.
Select Harvests highlighted three strategic areas it is prioritising: increasing almond volumes, improving processing scale and efficiency, and maximising crop returns. The company confirmed it is not pursuing expansion-focused initiatives until further progress is made in its core business.
According to the company, FY2025 outcomes reflect ongoing adjustments in horticulture, processing, and sales operations. Preparations for the 2026 crop program are underway, although the company stated it is not forecasting a crop size at this stage. Operational teams are preparing for the upcoming season, and the company expects growth opportunities to remain within its core activities.
The Board has determined that no final dividend will be issued. It stated that debt reduction remains a priority and that dividend settings will continue to be reviewed.
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© Select HarvestsFor more information:
Select Harvests
David Surveyor
Tel: +61 3 9474 3509
Liam Nolan
Tel: +61 3 9474 3509
Andrew Angus
+61 402 823 757
www.selectharvests.com.au
