Financial Summary

Corporate Profile

SunRice is a global FMCG business and one of Australia’s leading branded food exporters.

SunRice was built by the Australian rice industry over many decades, and today is one of Australia’s leading branded food exporters.

With revenues in excess of $1.5 billion and operations and markets spanning the globe, we supply over 50 countries with diverse and nutritious food products. Innovation is the key to our success and our brands represent superior quality around the world.

Our proud history dates back to the establishment of a single rice mill in the Riverina region of New South Wales in 1950. Our operations have expanded to include state-of-the-art processing, packing and value adding food plants, employing around 2,200 people across Australia, the Pacific, America, the Middle East, Asia and Papua New Guinea.

We boast over 30 brands and a broad portfolio of subsidiary businesses, including: CopRice – stockfeed and companion animal food; Riviana – antipasto and home entertaining sector; Trukai – the leading rice food company in PNG; SolRice – the leading rice food company in the Solomon Islands; and SunFoods – our US based business.

SunRice 5 Year Abbreviated Financials

Ricegrowers Limited, Consolidated Group

Five year summary of SunRice performance for year ending 30 April.

2019 2020 2021 2022 2023
Gross Revenue
($'000)
1 193 063 1 134 818 1 1026 219 1 334 393 1 634 456
Net profit before tax (NPBT)
($'000)
48 411 31 110 19 042 59 668 69 699
Total assets
($'000)
829 887 818 306 921 533 1 198 793 1 326 963
Total liabilities
($'000)
366 983 336 947 460 569 693,444 770 317
Shareholder funds
($'000)
462 904 481 359 460 964 505,349 556 646
Dividends per share
(Cents)
33 33 33 40 50
Net tangible assets per share
($)
7.64 7.82 6.62 6.77 7.45
Price earnings ratio
(X)
11.9 11.2 19 8.9 7.4

Board Members

Name Position
Laurie Arthur Chairman, Moulamein Rice Grower - BAgSc GAICD
Paul Serra Chief Executive Officer - BEng (Hons)
John Bradford Mayrung Rice Grower - MAICD
Luisa Catanzaro Non-Grower Director - BComm FCA GAICD
Dr Andrew Crane Non-Grower Director - BSc (Hons) PhD FAICD
Ian Glasson Non-Grower Director - BEng (Hons) MIE Aust GAICD
Melissa De Bortoli Griffith Rice Grower – BBus, MProp, GAICD
Ian Mason Finley Rice Grower - MAICD
Julian Zanatta Benerembah Rice Grower - MAICD

Management Members

Name Position
Paul Serra Chief Executive Officer - BEng (Hons)
Dimitri Courtelis Chief Financial Officer - BCompt (UNISA), CA (ICAA), CFE (ACFE)
Kate Cooper General Counsel and Company Secretary BA (Communications) LLB
Bel Tumbers Chief Executive Officer, Global Rice
Stephen Forde Chief Executive Officer, Riviana Foods Pty Ltd
Ganesh Kashyap  General Manager, CopRice - BE
Alan Preston        Chief Executive Officer, Trukai Industries Limited
Vesna Garnett Chief People Officer