SunRice Group (ASX:SGLLV) has delivered a solid first-half performance for FY26, posting a 14% increase in net profit after tax to $36.6 million, supported by strong brand performance, product innovation, and an expanding global distribution footprint.
Group revenue reached $884 million, while EBITDA rose 5% to $71.3 million, despite some top-line pressures.
The company declared a fully franked interim dividend of 20 cents per B Class share.
Highlighting the group's progress, SunRice was included in the S&P/ASX 300 Index, following its FY25 entry into the S&P/ASX Agribusiness Index.
The estimated paddy price for Riverina rice growers for 2025 was updated to $385–$420 per tonne for medium grain.
CEO and Managing Director Paul Serra said the group’s earnings growth was underpinned by operational momentum across key markets, improved global rice costs, and efficiencies driven across the business.
Serra noted that up-front investments in the group's 2030 growth strategy, including targeted brand initiatives and team capability building, positioned SunRice for long-term growth.
SunRice will focus on supporting customers and growers, managing seasonal variability, and advancing initiatives to drive sustainable growth, leveraging its diversified global footprint and strong brand portfolio.
At the time of reporting, SunRice Group's share price was $16.32.