Elders FY24 financial results

Elders (ASX:ELD) has released its full-year financial results for FY24, ending September 30, 2024. The company reported underlying earnings before interest and tax (EBIT) of $128 million. Despite challenging market conditions, including low livestock prices, Elders declared a final dividend of 18.0 cents per share, 70% franked.

Elders FY24 performance and outlook

Elders Limited (ASX:ELD) demonstrated resilience in FY24, experiencing a decrease in sales revenue by 6% to $3,131.3 million. Underlying EBIT fell by 25% to $128 million. Despite these challenges, the company's diversification across products, channels, and geography helped mitigate market pressures. Strategic initiatives under the 'Fourth Eight Point Plan', including network expansion and systems modernization, are set to drive future growth. For FY25, Elders anticipates a positive outlook for the summer crop and stable livestock markets, with expected improvements in Rural Product margin and Real Estate earnings, alongside continued strategic investments.

Executive insights from Elders

The importance of financial discipline and a diverse product portfolio has been crucial in achieving consistent growth. We remain committed to sustainable initiatives and investing in our people.