Australia's Elders rises on robust annual results

Elders

21/11/2025 03:27

** Shares of Australia's Elders ELD.AX rise 7.1% to A$7.465 so far this week, set for their biggest weekly gain since July-end, if gains hold

   ** The agribusiness firm posted a 34% jump in underlying annual profit after tax to A$86 million ($55.44 million) on Monday

** Co reported a 2% surge in sales revenue to A$3.20 billion for FY

** Declared final dividend of 18 Australian cents per share

** Elders added it is optimistic about outlook for FY26, supported by a forecast recovery from dry conditions in South Australia and Victoria, and benefits from its new retail system

** ELD falls 0.6% on the day, paring YTD gains to 4.3%

($1 = 1.5513 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))