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Update: GrainCorp Posts Lower Fiscal H1 Earnings, Revenue; Reaffirms Fiscal 2026 Outlook; Shares Fall to Five-Year Low

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(Updates with the stock movement in the headline and last paragraph.)

GrainCorp (ASX:GNC) reported Thursday fiscal first-half earnings of AU$0.021 per share, down from AU$0.261 a year earlier.

Analysts polled by FactSet expected earnings of AU$0.31.

Revenue for the six months ended March 31 was AU$3.88 billion, compared with AU$4.09 billion a year earlier. Analysts surveyed by FactSet expected AU$4.08 billion.

The agribusiness and processing company reaffirmed its fiscal 2026 guidance of underlying earnings before interest, taxes, depreciation, and amortization of AU$200 million to AU$240 million and underlying net profit after tax of between AU$20 million and AU$50 million.

The board declared an interim dividend of AU$0.14 per share, unchanged from a year earlier, payable July 16 to shareholders on record as of July 2.

GrainCorp shares fell more than 13% in recent Thursday trade to hit their lowest level since July 2021.

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