Ricegrowers (SGLLV) Investor presentation summary

FY26 performance

• Revenue $1.80b; EBITDA $143.6m and 8.0% margin; NPAT $73.3m, up 4% YoY, despite top-line pressure.

• Diluted EPS 101.9c per B Class Share; fully franked FY26 dividend 70c per share, with a 68% payout ratio.

• Medium-grain paddy price was $400/t, down 1% YoY.

Global footprint and sourcing

• Revenue was ~$1.8b, with ~57% generated outside Australia and 68% from branded sales across ~50 markets.

• Rice is sourced from more than 12 countries; nearly two-thirds of rice volume was sourced internationally on average over FY16–FY26.

• Operating segments span ANZ and international consumer packaged goods, bulk rice and animal feed.

2030 strategy and capital priorities

• Strategic priorities include growing ANZ rice, expanding in the Middle East, deepening the US position, sustaining the Australian rice industry, and developing adjacent portfolios.

• Aspirational 2030 outcomes include revenue of $3b+ and expanded margin, under reasonable macro conditions; targets are not a budget or forecast.

• Australian rice-industry ambition: water efficiency of 10ML/ha, yields of 15t/ha with quality metrics, and grower returns of $500/t.

• Capital framework targets capex above 75% of depreciation, leverage of 2.0x–3.0x, gearing of 30%–40%, and a 50%–60% dividend payout ratio.