Namoi Cotton (NAM) Q2 2025 TU earnings summary

Executive summary

• Net cash inflows from operating activities reached $7.53 million for the quarter ended 31 August 2024.

• Receipts from customers totaled $300.95 million, with operating costs of $280.05 million.

• 950,000 bales ginned by end of August 2024, with full season expectation of 1,050,000 bales (down from 1,160,000 in 2023).

Financial highlights

• Staff and administration costs for the quarter were $12.65 million.

• Cash and cash equivalents at quarter end were $13.01 million, up from $5.60 million in the previous quarter.

• Net cash from investing activities was $40,000; net cash from financing activities was negative $153,000.

Outlook and guidance

• ABARES forecasts above average Australian cotton production of 4.5 million bales for 2025, compared to 4.8 million in 2024.

• Cotton picking in southern NSW valleys to continue until end of October 2024.