Elders Limited (ELD) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and welcome to all for the Elders' full year results presentation for the FY25 financial year. Thank you for joining Paul and myself for the session today. As an overview, the full year results today are solid on a year-to-year basis with EBIT up 12%, transformational projects on track, positive progress on leverage and strong cash generation. Throughout the year, Elders demonstrated solid operational and financial resilience in the face of mixed seasonal conditions. Our diversified portfolio through its national geographic footprint and multi-product and service offering played a key role in mitigating the dry conditions across 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 project front, we've also made good progress on wave two of our SISMOD project with all states rolled out and bedded down by the end of this calendar year. We are also well-progressed in the final components of this project with wave three and the completion phase, wave four, advancing in full on time. Focusing now on the areas out of our control, the FY25 season has been a problematic year from a seasonal viewpoint. With a drier than average and late start to the winter crop across southern Australia, with credit to our highly diversified business model, this is offset by our agency business, our real estate services business, our financial services, and our feed and processing services businesses. Rural products have seen some limitation with very dry conditions in Southern Australia and Western Australia. In this context, the performance of Elders with its clear and consistent strategy, multiple divers...