Ricegrowers Ltd. Class B · ASX:SGLLV
Ricegrowers Ltd. Class B — H1 FY2026 Earnings Presentation
22 slides from Ricegrowers Ltd. Class B's earnings presentation, Dec 18, 2025
Slide 1: Shaping our future with Rice at our heart
Draft Shaping our future with Rice at our heart 2026 Half Year Results Presentation
Slide 2: Important notice & disclaimer
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Important notice & disclaimer This presentation is for information purposes only. This Any person who receives this presentation must seek This presentation should be read in conjunction with other The Board considers that any changes t
Slide 3: Celebrating 75 Years of Australian Heritage and Global Growth
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Celebrating 75 Years of Australian Heritage and Global Growth With rice at our heart, we bring people together through inspiring and delicious food. 3
Slide 4: A global food business
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART A global food business AQABA PROCESSING SUNFOODS ITALY COMPANY CALIFORNIA, USA JORDAN RICEGROWERS JAPAN PAKISTAN CHINA TAIWAN INDIA SUNFOODS RICEGROWERS THAILAND HAWAII, USA MIDDLE EAST, UAE RICEGROWERS CAMBODIA VIETNAM RICEGROWERS TRUK
Slide 5: 1H FY26 Performance
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART 1H FY26 Performance 1 Strengthening margins and advancing Revenue 1H FY26 1H FY25 strategic growth $884 m ^ 3% $912m Key Highlights: EBITDA • SunRice Group delivered solid earnings growth in 1H FY26 $71.3m ^ 5% $67.9m despite pressure a
Slide 6: Group Financials
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART 1H FY26 Performance Group Financials The SunRice Group’s strong earnings were underpinned by disciplined cost management and operational efficiencies, despite revenue softening ($’000s) 1H26 1H25 1H24 vs PCP • EBITDA: $71.3m (↑5% vs 1H
Slide 7: Everyone's favourite rice food company
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART OUR AMBITION COMMERCIAL STRATEGIES WHAT SUCCESS LOOKS LIKE 2030 Everyone’s favourite CORE RICE Meaningfully grow We have grown our revenue to $3 billion+* Our recipe rice food company ANZ rice business and expanded margin We have become
Slide 8: SunRice Group Management
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART SunRice Group Management In May 2025, the Group transitioned to a new divisional structure and reshaped its management team to align with strategic priorities and market Paul Serra Dimitri Courtelis Belinda Tumbers Ganesh Kashyap proxim
Slide 9: Divisional Structure
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Divisional Structure Consumer Packaged Goods Consumer Packaged Goods Bulk Rice and International Australia & New Zealand Animal Feed This segment generates external revenue from the This segment earns external revenue from the sale This
Slide 10: First half FY26 Segment snapshot
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART First half FY26 Segment snapshot As a result of the organisational restructure, that took effect on 1 May 2025, the reportable segments have been reviewed and updated as set out below (and comparative information in this presentation ha
Slide 11: International Revenue
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART International Revenue 1H FY26 ^ 1H FY25 1H FY26 Performance The segment delivered revenue growth in key strategic areas, maintaining Consumer Packaged Goods strong margins despite overall revenue decline from Pacific challenges; 7% Expa
Slide 12: Australia & NZ
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Revenue Australia & NZ 1H FY26 1H FY25 1H FY26 Performance Despite a slight decline at the bottom line versus the prior period, the segment Consumer Packaged Goods -% $375 m delivered a solid result, focusing on flagship brands and rest
Slide 13: Bulk Rice and Animal Feed
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Bulk Rice and Revenue 1H FY26 ^ 1H FY25 1H FY26 Performance In line with Group's strategic shift toward higher-margin branded activities, this Animal Feed $153 m 2% $155m segment delivered. a strong improvement in profitability despite
Slide 14: Capital Management Framework
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Capital Management Framework Management Considerations Optimisation of Cashflows 2030 Strategic Ambition Drive Economic 1. Organic Growth 4. Debt Management FLOW Return (Capex Target: > 75% (Target: Overall Leverage 1. of depreciation p
Slide 15: Capital Management
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Net debt / R12 EBITDA 2 Core debt / R12 EBITDA 2 Gearing ratio Core Gearing ratio 3 Capital Management 1.1x - 20% - Investment: $11.8m in capital expenditure focused on maintaining core assets (down Net Debt ($m) from prior period due t
Slide 16: Outlook for the remainder of FY26
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Outlook for the Group reaffirms expected growth at top and bottom line for FY26 A number of factors are expected to support the Group’s full year FY26 performance, including: remainder of FY26 • The strength of the Group’s brands and a
Slide 17: CY25 Paddy Price Update
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART PROFIT BUSINESS CY25 Paddy Balancing Premium Market Focus with Growth Investments Price Update for FY26 CY25 Paddy Price range • As shared in our FY25 Annual Report, at ~511,000 tonnes, the CY25 Riverina crop is revised to $385 –$420 pe
Slide 18: FY27 Outlook (CY26 Crop)
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART FY27 Outlook • Looking ahead to Australia’s next rice crop, a substantially lower - than- average production year is anticipated in the Riverina in CY26 / FY27 given the upcoming (CY26 Crop) drier conditions. • Regardless of the final C
Slide 19: Our Purpose, Vision and Ambition
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Our Purpose, Vision and Ambition Our Ambition Ultimately, in delivering on our purpose, Our we want to be regarded as: While our purpose outlines the ‘why’, our brand Vision proposition outlines the ‘what’: what we’re setting Everyone’s
Slide 20: With rice at our heart, we bring people together
With rice at our heart, we bring people together through inspiring and delicious food. 20
Slide 21: Restated Historical Financials
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Restated Historical Financials* Following the organisational restructure that took effect on 1 May 2025, the tables below restate historical financials for t he SunRice Group. These figures provide important context for understanding ou
Slide 22: Restated Historical Financials
1H FY26 PERFORMANCE – SHAPING OUR FUTURE WITH RICE AT OUR HEART Restated Historical Financials* Following the organisational restructure that took effect on 1 May 2025, the tables below restate historical financials for t he SunRice Group. These figures provide important context for understanding ou