Australia's Inghams Group marks worst day in two months on annual profit drop

Inghams

21/08/2026 04:46

** Shares of Australia's Inghams Group ING.AX fall as much as 10.6% to A$1.985, their largest intraday pct drop since June 22
** Stock reaches lowest level since June 26
** Poultry producer reports annual NPAT of A$34.6 million ($24.67 million), down from A$89.9 million in FY25
** Lowers FY26 final dividend to 6.1 AU cents per share from 8 AU cents per share in FY25 
** About 3.7 mln shares traded hands, 2.5x the 30-day average of 1.5 mln
** Stock last down 7.4% with YTD losses of 17.5%    
     
($1 = 1.4025 Australian dollars)

(Reporting by Rudrannsh Mehra in Bengaluru)
((Rudrannsh.Mehra@thomsonreuters.com))