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Aussie cattle producer beefs up profit, despite floods
Net profit rose to $107.3 million as beef demand lifted revenue, even after floods cost $9 million and killed 7,000 cattle, AACo said.
- Australian Agriculture Co recorded a $107.3 million net profit in fiscal 2026, marking its best annual result in a decade and a sharp turnaround from the previous year's $1.1 million loss.
- North Queensland floods in late 2025 and early 2026 killed 7,000 cattle worth about $13 million, while flood repairs and logistics cost $9 million; infrastructure investments helped mitigate losses.
- Revenue grew 9% to $422.1 million while operating profit rose 23% to $71.6 million, as chief executive David Harris noted strong momentum in the Westholme wagyu brand with North American distribution up 20%.
- AACo expanded into high-growth Asian markets including Hong Kong, Thailand, and Indonesia while continuing to improve beef quality through a breeding program designed to optimize herd genetics.
- Chief executive David Harris warned that 2027 headwinds from the Middle East crisis—triggered by the attack on Iran in February—plus increased energy, transport, and production costs will impact results.
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Total News Sources12
Leaning Left4Leaning Right0Center1Last UpdatedBias Distribution80% Left
Bias Distribution
- 80% of the sources lean Left
80% Left
L 80%
C 20%
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