Australian Agricultural Company Limited · ASX:AAC
Australian Agricultural — H1 FY2026 Earnings Presentation
23 slides from Australian Agricultural's earnings presentation, Nov 20, 2025
Slide 1: HY26 Results Presentation
HY26 Results Presentation November 2025
Slide 2: Disclaimer and Important Information
Disclaimer and Important Information Summary information only • any liability for any loss or damage (whether under realised or that AACo’s actual or future results, or information contained in this presentation is not financial statute, in contract or tort for negligence or otherwise) subsequent fo
Slide 3: Acknowledgement of Country
Acknowledgement of Country HY26 Results Presentation P3
Slide 4: Speakers and Contents
Speakers David Harris Glen Steedman Managing Director and CEO Chief Financial Officer Contents About AACo 05 HY26 Highlights 08 Commercial Overview 09 Financial Performance 14 Operating Outlook 19 HY26 Results Presentation P4
Slide 5: About AACo
About AACo 1 Breeding & Genetics > Fully integrated branded beef business, focused on the sales and marketing of high-quality branded Wagyu beef, distributed to over 20 countries around the world. > Team of ~450 employees are located throughout Northern Australia and in commercial markets across Nor
Slide 6: Our Purpose, Vision and Strategic Focus Areas
Our Purpose Reimagining Australian agriculture to share with the world Our Vision To be the leading food and agriculture company delivering nature-led solutions at scale Strategic Focus Areas Better Beef Unlock the Value of the Partner and Invest Land To grow revenue, margin and To generate alternat
Slide 7: MD & CEO Message
MD & CEO Message HY26 Results Presentation P7
Slide 8: HY26 Highlights
HY26 Highlights Strong financial results, with pleasing progress across our strategic focus areas. Financial Performance Progress Against Strategic Focus Areas $232.9m Total Revenue Better Beef Higher average prices v pcp achieved for beef and Evolving our herd to improve our genetic profile and eff
Slide 9: Commercial Overview
Commercial Overview HY26 Results Presentation P9
Slide 10: Global Beef Sales
Global Beef Sales Distribution network and brand portfolio leveraged to maximise returns on our high-quality Wagyu beef. • Global beef supply and demand market factors were favourable, 3% SALES VALUE1 with opportunities capitalised on through partnerships and brand positioning to improve overall per
Slide 11: Westholme
Westholme Market diversification and brand engagement supported overall performance. • Geographic diversification of product has improved, with market entries into Mexico, Middle East expansion, and the launch of “Pure” tier in Europe supporting our global distribution strategy and performance. • La
Slide 12: Darling Downs
Darling Downs Improved market conditions and strengthened distribution across Asia supported price growth. • Key retail partnership within South Korea benefited from improved market conditions, with Hanwoo oversupply price pressures easing. • Launched the “Beyond Taste” campaign in Korea with a Sens
Slide 13: Brand growth continued as new channels opened, with strong demand
1824 Brand growth continued as new channels opened, with strong demand. • Relaunched in January 2024, brand demand has grown through establishing consistent supply and quality with distributors. • Continues to play a key role in brand portfolio, representing more accessible Wagyu in mainstream food
Slide 14: Financial Performance
Financial Performance HY26 Results Presentation P14
Slide 15: Performance Indicators
Performance Indicators Operating Profit Beef Sales Price Core Free Cash Flow $39.8m $18.62/kg $7.7m + $19.6M VS PCP +7% VS PCP + $19.5M VS PCP Statutory Net Profit Cost of Production Net Tangible Assets after Tax $82.2m $2.46/kg $2.70/Share + $58.6M VS PCP (1%) VS PCP +6% VS PCP HY26 Results Present
Slide 16: Profit and Loss Summary
Profit and Loss Summary Operating Profit and Loss Summary ($m) HY26 HY25 Var Highest H1 Operating Profit achieved through Beef Sales 151.6 147.9 3.7 strong sales execution Cattle Sales 81.3 47.6 33.7 • Consistent beef sales result achieved through 7% higher Total Revenue 232.9 195.6 37.3 average sal
Slide 17: Cash Flow Summary
Cash Flow Summary Higher sales receipts and refinanced debt facility Consolidated Statement of Cash Flows ($m) support progress against strategic focus areas HY26 HY25 Var Receipts from Customers 235.6 209.7 25.9 • Higher receipts from customers driven by greater Payments to Suppliers and Employees
Slide 18: Balance Sheet Summary
Balance Sheet Summary Growth in total assets driven by unrealised Consolidated Statement of Financial Position ($m) mark-to-market of herd 30 Sept 2025 31 Mar 2025 • Herd size materially aligned to EOFY25, with Inventories & Consumables 50.6 38.0 investments made in Better Beef improving our overall
Slide 19: Operating Outlook
Goonoo Feedlot, QLD Operating Outlook • Cattle sales being largely executed in H1 allows for improved operational focus and efficiency over the remainder of year. • Customers are facing challenges in foodservice, which may impact global dynamics for our premium beef sales across key high-value marke
Slide 20: Closing Remarks
Closing Remarks HY26 Results Presentation P20
Slide 21: Questions
Brunette Downs Station, NT Questions HY26 Results Presentation P21
Slide 22: Definitions
Definitions Cost of Goods Sold (COGS) Represents the actual production cost the Company incurred over the multi-year timeline required to produce the beef and cattle that were sold during the period. This is in contrast to Cost of Goods valued “at cost” Sold as presented in the statutory financial s
Slide 23: Thank You
Thank You
Australian Agricultural Company — H1 FY2026 Earnings Presentation on 6ix