Preliminary Final Report
Released
Released
Announcement PDF
Appendix 4E
Preliminary Final Report
Dividends
Franking rate applicable:
Previous
Current corresponding
period
period
100%
100%
Amount per security
n.a
5.0 cents
Franked amount per security
n.a
5.0 cents
Special dividend (declared in June)
Ricegrowers Limited (ASX – SGLLV)
ABN:
Financial Year Ended:
Lodgment Date:
Final dividend (declared in June)
55 007 481 156
30 April 2025
26 June 2025
Amount per security
50.0 cents
40.0 cents
Franked amount per security
50.0 cents
40.0 cents
Amount per security
15.0 cents
15.0 cents
Franked amount per security
15.0 cents
15.0 cents
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 2025 and any public announcements made by
Ricegrowers Limited (“SunRice” or ‘Group”) during the year ended 30 April 2025 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).
Interim dividend (declared in December)
Reporting Period and Reported Information
Date the final dividend is payable:
The current reporting period is the year ended 30 April 2025 (FY25 or CY24) and the previous
corresponding period is the year ended 30 April 2024 (FY24 or CY23). The information in this report is
based on accounts which have been audited.
Record date to determine entitlements to the final dividend
2025
$’000
2024
$’000
Change
$’000
1,850,630
1,879,534
(28,904)
1.5
Down
Profit after tax
70.719
68,202
2,517
3.7
Up
Profit after tax attributable to B Class
shareholders
68,411
63,135
5,276
8.4
Up
Revenue from ordinary activities
2 July 2025
Has the final dividend been declared?
Results for Announcement to the Market
Consolidated Group
21 July 2025
Change Up/Down
%
Yes
Ricegrowers Limited’s Dividend Reinvestment Plan (DRP), which was suspended since 30 April 2024, is
being reactivated with regards to the distribution of the 2025 final dividend.
Net Tangible Asset Backing (NTA) and Earnings per B Class Share (EPS)
Previous
Current corresponding
period
period
Net tangible asset backing per B Class Share ($)
8.20
8.06
Basic earnings per B Class Share (cents)
102.9
97.5
Diluted earnings per B Class Share (cents)
101.9
95.5
Commentary on results for the period (key performance drivers)
Details of associates and joint venture entities
Revenue:
The SunRice Group has the following associates:
Key volume drivers included:
Name of associate
•
Growth in the Middle East markets, supported by new product introductions and effective
Ramadan campaign execution;
Pagini Transport (incorporated in Papua New Guinea). Principal activity: Transport
•
Ample rice supply in the Northern Hemisphere, which supported significant growth in United
States export volumes relative to FY24;
•
International expansion of the customer base for Rice Flour products and enhanced ranging and
distribution for Rice Cakes through Australian retail channels;
•
Continued strength from the Toscano product range within Australia's bakery sector; and
•
Growth in Australia's branded pet food market supported by the SavourLife acquisition completed
in August 2024.
Key volume challenges included:
•
Increased competition across our key Pacific markets and US distribution channels;
•
Cost of living pressures impacting the Food Service sector and consumer spending patterns in
Australia, particularly in the Microwave Rice, Premium Biscuit, Pickled Vegetables and Equine
categories;
•
A contracting dairy feed sector in both Australia and New Zealand; and
•
Low wholegrain mill-out rates of the CY24 crop, which impacted our ability to place product in
some markets.
Profitability
•
Despite some challenges affecting revenue, the Group improved its overall profitability in FY25,
primarily through an enhanced product mix, innovation and cost savings across various parts of
the supply chain, including procurement, logistics and distribution.
•
Profit margin growth was further supported by a range of factors, including manufacturing
efficiencies across operations, particularly in Rice Foods and CopRice, raw material usage
optimisation in the Rice Foods segment, and the non-repeat of FY24 costs related to increased
working capital risks in specific markets; and
•
The Group continued to implement appropriate pricing strategies where possible to help absorb
inflationary headwinds, including global rice fluctuations resulting from India's export ban on nonBasmati rice varieties during 1H FY25, the ongoing sharp depreciation of the PGK against USD
denominated rice imports in PNG, and the depreciation of the AUD against the USD and EUR,
which particularly impacted the portfolio of imported products.
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 2024: 30.44%)
Rice Breeding Australia Limited: 33.33% (30 April 2024: 33.33%)
Controlled entities
On 30 August 2024, Ricegrowers Limited acquired 100 per cent of the share capital in SavourLife Pty Ltd
and SavourLife IP Pry Ltd.
There have been no other changes in controlled entities in the twelve-month period to 30 April 2025.
Other information required
Please refer to the attached 2025 Annual Report including the full year statutory accounts for the year
ended 30 April 2025 for other information required.
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
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