GrainCorp (GNC) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with housekeeping, acknowledgment of traditional custodians, and board introductions.

• The meeting included addresses from the Chairman and the Managing Director & CEO, followed by items of business for shareholder consideration.

• Agenda included chairman's address, CEO's review of FY 2025 results, winter harvest update, and FY 2026 outlook.

Financial performance review

• FY 2025 underlying EBITDA was AUD 308 million, up from AUD 268 million in FY 2024.

• Underlying NPAT reached AUD 87 million, compared to AUD 77 million in the previous year.

• Core cash position at year-end was AUD 321 million.

• Total grain handled increased to 31.6mmt, oilseed crush volumes rose to 557kmt, and animal nutrition sales grew to 713kmt from 517kmt.

• Record volumes delivered across business units despite compressed margins due to global oversupply and low prices.

Dividend announcements

• Final FY 2025 dividend of AUD 0.24 per share, fully franked; total dividends for the year AUD 0.48, unchanged from FY24.

• Share buyback returned AUD 38 million to shareholders.