Australia's Inghams Group plunges to record low as forecast, profit drop

Inghams

20/02/2026 01:04

** Shares of Inghams Group ING.AX fall as much as 19.3% to A$1.97, a record low

** Poultry firm's half-year net profit after tax falls 64.9% to A$18.1 million ($12.76 million)

** Reduces FY26 guidance for underlying EBITDA pre AASB 16 to between A$180.0 million and A$200.0 million

** About 8.2 million shares change hands, 4.2 times the 30-day average

** Shares down 17.7% YTD

($1 = 1.4180 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))