Australia's RLF AgTech plummets after FY loss widens

RLF AgTech

31/08/2026 04:39

** Shares of Australia's RLF AgTech RLF.AX fall as much as 10.8% to A$0.0250, hitting their lowest level since July 30
** Manufacturer and seller of liquid fertilisers posts FY net loss after tax of A$6.5 million ($4.66 million), compared to A$1.9 million the previous year
** Co also posts FY revenue of A$23.4 million, compared A$23.5 million a year ago
** "Global fertiliser costs rose through the year and then rose sharply, with the closure of the Strait of Hormuz and with urea costs roughly doubling between February and April" says CEO Stuart Upton, referring to co's steep loss
** Stock down 60.6% YTD, including session's moves

($1 = 1.3949 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))