GrainCorp Limited (GNC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Grand Corps Limited first half 26 result. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you would like to ask a question, you'll need to press the star key followed by the number one on your telephone keypad. I would like to hand the conference over to Robert Spurway, Managing Director and Chief Executive Officer. Please go ahead. Thank you and good morning, everyone. Thank you for joining us. We're presenting to you today from Sydney and I wish to acknowledge the Gadigal people of the Eora Nation and pay our respects to elders and leaders past and present. This morning you'll hear from me with just some brief opening remarks including our half year performance and the operating context. I'll then hand to Ian Morrison, our Chief Financial Officer, who will talk through the detail of the first half financial performance and drivers, an update on our balance sheet and capital management and then I'll round out the conversation with an update on strategy and the progress we're making and some comments on the outlook. As I work through the presentation, I will update you on the pages we're on for those of you following online. So starting with the summary of the results on page six. It's been a disciplined half of execution and effective risk management and resilience in the current environment. A half-year underlying EBITDA of $136 million was reported today, delivered through strong operational performance across multiple areas of the business. We have a remaining strong balance sheet and importantly today we're reaffirming our guidance. As we've said before, we have seen a global oversupply of grains which have constrained margins in the first half of ...