Announcement PDF Appendix 4E Preliminary Final Report Ricegrowers Limited (ASX – SGLLV) ABN: 55 007 481 156 Financial Year Ended: 30 April 2023 Lodgment Date: 22 June 2023 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 2023 and any public announcements made by Ricegrowers Limited (“SunRice” or ‘Group”) during the year ended 30 April 2023 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 2023 (FY2023 or CY22) and the previous corresponding period is the year ended 30 April 2022 (FY2022 or CY21). The information in this report is based on accounts which have been audited. Results for Announcement to the Market 2023 $’000 2022 $’000 Change $’000 Change % Up/Down 1,638,023 1,334,393 303,630 22.8 Up Profit after tax 54,790 48,727 6,063 12.4 Up Profit after tax attributable to B Class shareholders 52,554 47,553 5,001 10.5 Up Consolidated Group Revenue from ordinary activities Current period Previous corresponding period 100% 100% Amount per security n.a 5.0 cents Franked amount per security n.a 5.0 cents Amount per security 40.0 cents 25.0 cents Franked amount per security 40.0 cents 25.0 cents Amount per security 10.0 cents 10.0 cents Franked amount per security 10.0 cents 10.0 cents Dividends Franking rate applicable: Special dividend (declared in June) Final dividend (declared in June) Interim dividend (declared in December) Date the final dividend is payable: 28 July 2023 Record date to determine entitlements to the final dividend 28 June 2023 Has the final dividend been declared? Yes The dividend or distribution plans shown below are in operation. Ricegrowers Limited Dividend Reinvestment Plan (DRP). SUNRICE APPENDIX 4E 2023 1 APPENDIX 4E PRELIMINARY FINAL REPORT Net Tangible Asset Backing (NTA) and Earnings per B Class Share (EPS) Net tangible asset backing per ordinary B Class Share ($) Basic earnings per B Class Share (cents) Diluted earnings per B Class Share (cents) Current period Previous corresponding period 7.45 83.8 82.5 6.77 77.2 77.0 Commentary on results for the period The FY2023 Financial Results were driven by a range of factors including: • The abundance of Australian rice, with the CY22 Riverina rice crop 65% larger than CY21, supporting strong sales volumes in key premium markets and expansion in new and existing territories impacted by drought. It also improved the profitability of the Group’s segments that rely on inputs from the Australian Rice Pool Business; • Sales price increases across most of the Group’s segments and product categories, which helped to offset inflationary pressures. Revenue growth was also supported by favourable changes in product mix in some markets; • The continued recovery of the CopRice segment which returned to profitability in FY2023, driven by the positive impact of turnaround actions implemented, notably in the Australian ruminant business and companion animal portfolio, and the first full year contribution of Pryde’s EasiFeed, which was acquired in January 2022; • On the downside, the escalation in freight and distribution costs due to ongoing disruption to domestic and international supply chains; and • Widespread inflationary pressures, which drove a material increase in key input costs including raw materials, labour and financing Details of associates and joint venture entities In July 2022, Ricegrowers Limited, in collaboration with AgriFutures Australia and the Ricegrowers’ Association of Australia, established Rice Breeding Australia Limited, a company limited by guarantee in which it holds a 33.33% interest. The SunRice Group has the following associates: 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 2022: 30.44%) Rice Breeding Australia Limited: 33.33% (30 April 2022: n.a) Controlled entities There have been no changes in controlled entities in the year ended 30 April 2023. Other information required Please refer to the attached 2023 Annual Report including the full year statutory accounts for the year ended 30 April 2023 for other information required. SUNRICE APPENDIX 4E 2023 2 APPENDIX 4E PRELIMINARY FINAL REPORT About SunRiceʼs 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. SUNRICE APPENDIX 4E 2023 3