Elders Limited (ELD) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Elders Limited Half Year 26 in Breast Teller Conference. All participants are in a listen-only mode. There will be a presentation followed by a question-answer session. If you wish to ask a question via the phone, you will need to press the star key followed by the number 1 on your telephone keypad. If you wish to ask a question via the webcast, please enter it into the Ask a Question box and click Submit. I would now like to hand the conference over to Mr Mark Allison, CEO and Managing Director. Please go ahead. Thank you and welcome to all to the Elders half year results presentation for the FY26 financial year. Thank you for joining Paul and myself for the session today. As an overview, the half year results today are solid on a year-to-year basis. with EBIT ups 33%, strong cash conversion, transformation and integration projects on track, and positive progress on leverage on ROC as we move to the end of the year. Throughout the half year, Elders demonstrated solid operational and financial resilience in the face of improved, although mixed, seasonal conditions. Our diversified portfolio through its national geographical footprint and multi-product and service offering played a key role in mitigating the dry conditions across some key agricultural regions and the increased competitive activity in our retail business. Stronger activity in livestock and real estate and high financial discipline also supported the solid result. On the transformational projects front, we have also made good progress on the final project components with wave three and four of our system of projects, with the targeted completion on track advancing to the end of this calendar year in full on time. Focusing now on the areas out of our control f...