Announcement PDF Appendix 4E Preliminary Final Report Dividends Previous Current corresponding period period Franking rate applicable: 100% 100% Amount per security 5.0 cents n.a 5.0 cents n.a Amount per security 40.0 cents 40.0 cents Franked amount per security 40.0 cents 40.0 cents Amount per security 15.0 cents 10.0 cents Franked amount per security 15.0 cents 10.0 cents Special dividend (declared in June) Ricegrowers Limited (ASX – SGLLV) ABN: Financial Year Ended: Lodgment Date: Franked amount per security 55 007 481 156 30 April 2024 27 June 2024 Final dividend (declared in June) This financial report does not include all of the notes of the type normally included in the full year statutory accounts. Accordingly, it is recommended that this report be read in conjunction with the Annual Report for the year ended 30 April 2024 and any public announcements made by Ricegrowers Limited (“SunRice” or ‘Group”) during the year ended 30 April 2024 and up to the date of this report, in accordance with the continuous disclosure requirements of the Listing Rules of the Australian Securities Exchange (ASX). Reporting Period and Reported Information The current reporting period is the year ended 30 April 2024 (FY24 or CY23) and the previous corresponding period is the year ended 30 April 2023 (FY23 or CY22). The information in this report is based on accounts which have been audited. Interim dividend (declared in December) Date the final and special dividends are payable: 25 July 2024 Record date to determine entitlements to the final and special dividends 3 July 2024 Have the final and special dividends been declared? Yes Ricegrowers Limited’s Dividend Reinvestment Plan (DRP) is currently suspended. Results for Announcement to the Market Consolidated Group Revenue from ordinary activities 2024 $’000 2023 $’000 Change $’000 Change Up/Down % 1,879,534 1,638,023 241,511 14.7 Up Profit after tax 68,202 54,790 13,412 24.5 Up Profit after tax attributable to B Class shareholders 63,135 52,554 10,581 20.1 Up Net Tangible Asset Backing (NTA) and Earnings per B Class Share (EPS) Current period Previous corresponding period Net tangible asset backing per B Class Share ($) 8.06 7.45 Basic earnings per B Class Share (cents) 97.5 83.8 Diluted earnings per B Class Share (cents) 95.5 82.5 Commentary on results for the period Details of associates and joint venture entities The Group’s FY24 performance was driven by a range of factors, including volume and value growth: Revenue: • The Group’s strong portfolio of brands, product mix and operating plant efficiencies all combined to underpin volume growth during FY24. These factors supported both the Australian Rice Pool Business and International Rice segment and allowed the Group to expand its branded product offering in the Middle East, support growth into Europe and the United Kingdom, and to participate in additional government tenders, primarily in Japan. • The strength of the Group’s brands was further demonstrated in the revenue growth achieved in FY24, with sales pricing strategies implemented to help absorb inflationary impacts. • The inflationary environment however resulted in some market share erosion to lower price offerings in some categories. Product innovation and a broader, diverse and stronger portfolio of brands resulting from acquisitions in previous years helped to mitigate these impacts.. The SunRice Group has the following associates: Profitability: • Revenue growth translated into improved profitability across all trading businesses. • The Group undertook cost saving initiatives through operational and manufacturing efficiencies across its various businesses, and CopRice’s strategic actions from the current and prior years continued to deliver margin improvements. • SunRice’s extensive supply chain network enabled sourcing at competitive prices. Strategic sourcing options also gave the Group the ability to react efficiently to changes in supply and demand dynamics. • Excellence in supply chain and logistics allowed capitalisation on improvements in global freight conditions, although supply chain disruption in the Pacific and the Middle East partly offset these gains. • The stronger USD throughout the period put pressure on the margins of the Group’s import businesses, particularly Riviana and Trukai in PNG For further details about the Group’s performance in FY24, refer to the attached 2024 Annual Report. Name of associate Pagini Transport (incorporated in Papua New Guinea). Principal activity: Transport Rice Breeding Australia Limited (incorporated in Australia). Principal activity: Research into the delivery of new and improved rice varieties Reporting entities percentage holding Pagini Transport: 30.44% (30 April 2023: 30.44%) Rice Breeding Australia Limited: 33.33% (30 April 2023: 33.33%) Controlled entities There have been no changes in controlled entities in the year ended 30 April 2024. Other information required Please refer to the attached 2024 Annual Report including the full year statutory accounts for the year ended 30 April 2024 for other information required. About SunRice’s structure The structure of Ricegrowers Limited (SunRice) contains non-standard elements including its dual class share structure comprising A Class Shares and B Class Shares. A Class Shares confer on their holders the right to vote at general meetings but no right to dividends. A Class Shares are not quoted on the ASX and may only be held by rice growers who meet the production quotas prescribed by the SunRice Constitution. No person may hold more than five A Class Shares. In practical terms the voting rights held by A Class shareholders give those shareholders the right to control the election of directors and any changes to SunRice’s Constitution. B Class Shares are quoted on the ASX and confer on their holders the right to receive dividends, as determined by the directors from time to time. Holders of B Class Shares do not generally have the right to vote at general meetings of SunRice. This means that B Class shareholders have no right to vote on the election of directors of SunRice. No person may hold more than 10% of the total number of B Class Shares on issue. For more details of the non-standard elements of SunRice’s structure see investors.sunrice.com.au.