Australia's Graincorp drops to over 4-year low on weak earnings view

Graincorp

06/02/2026 02:56

** Shares of Graincorp GNC.AX fall as much as 2.8% to A$5.61, their lowest level since November 1, 2021

** The stock lost 21.8% so far this week, marking its steepest weekly drop since late November, 2013

** The agribusiness firm expects FY26 underlying NPAT to fall to between A$20 million and A$50 million ($13.88 million and $34.71 million) and flagged pressure on grain export margins

** Morningstar and Jefferies cut their price target and profit outlook for co

** Graincorp stock down 21.5%, YTD

($1 = 1.4405 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))