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Asia

Update: Inghams Group Fiscal 2026 Earnings Down, Revenue Up; Shares Fall 5%

(Update to add stock movement in the headline and the fifth paragraph)Inghams Group (ASX:ING) logged AU$0.093 in earnings per share for fiscal 2026, compared with AU$0.24 a year ago, a Friday filing showed.For the 52 weeks ended June 27, revenue was AU$3.23 billion versus AU$3.15 billion previously, the Australia-listed poultry producer added.The board declared a final dividend of AU$0.061 per share, down from AU$0.08 a year earlier, payable Oct. 12 to shareholders on record as of Sept. 17.The company expects fiscal 2027 underlying earnings before interest and tax, post AASB 16, to be between AU$155 million and AU$180 million, equivalent to underlying earnings before interest, tax, depreciation and amortization, pre AASB 16, of between AU$190 million and AU$220 million.Its shares fell 5% in recent trading on Friday.

ASX:ING
Asia

Inghams Group Says No Bird Flu Detected in Commercial Poultry Operations

Inghams Group (ASX:ING) said no H5 avian influenza has been detected in its commercial poultry operations or supply chain, with heightened biosecurity measures in place amid the spread of bird flu among wild birds across Australia and New Zealand, according to a Friday Australian bourse filing.The biosecurity measures include the voluntary housing of all free-range birds, restricting non-essential access to operations and implementing additional cleaning protocols, the filing said.

ASX:ING
Asia

Inghams Group Fiscal 2026 Earnings Down, Revenue Up

Inghams Group (ASX:ING) logged AU$0.093 in earnings per share for fiscal 2026, compared with AU$0.24 a year ago, a Friday filing showed.For the 52 weeks ended June 27, revenue was AU$3.23 billion versus AU$3.15 billion previously, the Australia-listed poultry producer added.The board declared a final dividend of AU$0.061 per share, down from AU$0.08 a year earlier, payable Oct. 12 to shareholders on record as of Sept. 17.The company expects fiscal 2027 underlying earnings before interest and tax, post AASB 16, to be between AU$155 million and AU$180 million, equivalent to underlying earnings before interest, tax, depreciation and amortization, pre AASB 16, of between AU$190 million and AU$220 million.

ASX:ING
Asia

Inghams Group Unaware of Undisclosed Information Explaining Recent Trading in Securities

Inghams Group (ASX:ING) said it is unaware of undisclosed information to the market that could explain recent trading in its securities, according to its response to an Australian Securities Exchange price query filed with the Australian bourse on Friday.The query was referring to the change in the price of the company's securities to a high of AU$2.23 from a low of AU$2.08 on Thursday, the filing said.The company said two separate media articles published on Thursday speculated about a possible acquisition, but confirmed it is not in any discussions and remains in full compliance with ASX continuous disclosure listing rules, per the filing.

ASX:ING
Asia

Inghams Group Invests Over AU$1 Million in Just Meat Protein

Inghams Group (ASX:ING) has made a AU$1.1 million seed-stage equity investment in Just Meat Protein (JMP), securing a 10% stake and an exclusive first-right supply arrangement across Australia, according to a Friday statement by the company.JMP is an Australian food technology company that commercializes Commonwealth Scientific and Industrial Research Organization-developed hydrolyzed poultry protein technology under an exclusive worldwide license and is developing premium powdered chicken protein ingredients for various nutrition markets.

ASX:ING
Asia

Australian Shares Flat; Inghams Moves to State of High Biosecurity Vigilance After H5N1 Bird Flu Confirmed in Western Australia

Australian shares were flat on Monday, as investors reacted to signs of progress in talks between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,816.10.Brent crude oil futures traded around $79 per barrel.Iranian negotiators said progress had been made in talks with the US, while mediators released a statement saying the first session of talks had concluded and progress had been made on a roadmap to reach a final deal.Iran earlier said it had once again closed the Strait of Hormuz.In company news, Inghams Group (ASX:ING) moved to a state of heightened biosecurity vigilance to mitigate against any potential risks after Australian authorities confirmed the detection of the H5N1 avian influenza strain in two wild birds found in the Esperance region of Western Australia. It clarified that there had been no detection of the virus in commercial poultry, including Ingham's operations and its supply chain.Metcash (ASX:MTS) reported fiscal year 2026 underlying earnings of AU$0.245 per share, down from AU$0.251 a year earlier. Revenue for the 12 months ended April 30 was AU$17.35 billion, compared with AU$17.32 billion a year earlier.Lastly, Credit Corp Group (ASX:CCP) ceased discussions with Humm Group (ASX:HUM) regarding a potential acquisition, ending takeover talks after the parties were unable to agree on terms. Credit Corp identified unresolved concerns during commercial due diligence and reduced its indicative offer.

ASX 200ASX:CCPASX:HUMASX:INGASX:MTS
Asia

Update: Inghams Moves to State of High Biosecurity Vigilance After H5N1 Bird Flu Confirmed in Western Australia; Shares Fall 5%

(Updates with the stock movement in the headline and last paragraph.)Inghams Group (ASX:ING) moved to a state of heightened biosecurity vigilance to mitigate against any potential risks after Australian authorities confirmed the detection of the H5N1 avian influenza strain in two wild birds found in the Esperance region of Western Australia, according to a Monday Australian bourse filing.The company said its chicken breeder farms and grower network are located around 690 kilometers to 770 kilometers from Esperance, clarifying that there had been no detection of the the virus in commercial poultry, including Ingham's operations and its supply chain.The new measures include the implementation of a complete lockdown, preventing all non-essential access, across all of its Western Australia farms and processing operations, per the filing. A regional housing order to allow Western Australia free range poultry to be kept indoors is being sought from the Australian government's chief veterinary officer.Inghams Group shares fell 5% in recent Monday trade.

ASX:ING
Asia

Inghams Moves to State of High Biosecurity Vigilance After H5N1 Bird Flu Confirmed in Western Australia

Inghams Group (ASX:ING) moved to a state of heightened biosecurity vigilance to mitigate against any potential risks after Australian authorities confirmed the detection of the H5N1 avian influenza strain in two wild birds found in the Esperance region of Western Australia, according to a Monday Australian bourse filing.The company said its chicken breeder farms and grower network are located around 690 kilometers to 770 kilometers from Esperance, clarifying that there had been no detection of the the virus in commercial poultry, including Ingham's operations and its supply chain.The new measures include the implementation of a complete lockdown, preventing all non-essential access, across all of its Western Australia farms and processing operations, per the filing. A regional housing order to allow Western Australia free range poultry to be kept indoors is being sought from the Australian government's chief veterinary officer.

ASX:ING
Asia

Inghams Group Reports Expansion of Lodestone Renewable Energy Partnership in New Zealand

Inghams Group's (ASX:ING) said 78% of its contracted grower farms in New Zealand transitioned to Lodestone's solar-backed energy offering from the start of April, according to a Tuesday statement.Inghams struck an energy partnership roughly a year ago for all of its New Zealand-operated sites to be powered by Lodestone, to ensure that all of the renewable electricity it uses is matched to certified renewable solar generation.The ongoing collaboration with Lodestone "continues to deliver meaningful sustainability outcomes across our network," Inghams said.The company's shares gained 1% in recent Tuesday trade.

ASX:ING
Asia

Inghams Group Shareholder JPMorgan Chase Cuts Stake; Shares Rise 5%

Inghams Group (ASX:ING) shareholder JPMorgan Chase cut its stake in the company to about 22.7 million shares, or 6.1% of voting power, from about 27.8 million shares, or 7.5% of voting power, according to a Tuesday filing with the Australian bourse.Shares of Inghams Group advanced 5% in recent Tuesday trade.

ASX:ING
Asia Markets

Australian Shares Retreat; CSL Cuts Fiscal Year 2026 Outlook, Flags $5 Billion of Additional Impairments

Australian shares retreated on Monday amid reports that the process to reach a peace agreement between Iran and the US had stalled over the weekend.The S&P/ASX 200 Index fell 0.49%, or 42.60 points, to close at 8,701.80.Brent crude oil futures rose over 4% to trade around $105 per barrel after the US rejected Iran's response to a US proposal to end the conflict and reopen shipping through the Strait of Hormuz.On the domestic front, the total number of dwellings approved in Australia fell around 11% to 17,300 in March, seasonally adjusted, from 19,339 in the previous month, according to final figures released by the Australian Bureau of Statistics.In company news, CSL (ASX:CSL) lowered its guidance for fiscal 2026 and expects to recognize about $5 billion of additional non-cash, pre-tax impairments across fiscal 2026 and 2027 beyond those the company disclosed earlier this year.The biotechnology company now expects fiscal 2026 revenue of around $15.2 billion and net profit after tax adjusted to exclude amortization of around $3.1 billion, both on a constant-currency basis. Its shares closed down 15%, earlier hitting their lowest since December 2016.Dyno Nobel (ASX:DNL) reported fiscal first-half earnings of AU$0.089 per share, excluding individually material items, up from AU$0.046 a year earlier. Revenue from ordinary activities for the six months ended March 31 was AU$1.9 billion, compared with AU$2.25 billion a year earlier. It shares rose 7% on close after earlier hitting their highest since January 2023.Lastly, Inghams Group (ASX:ING) reaffirmed its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization of AU$180 million to AU$200 million. Its shares jumped 7% on market close.

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Asia

Inghams Group Maintains Fiscal Year 2026 Guidance Amid Cost Pressures

Inghams Group (ASX:ING) reaffirmed its fiscal 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization of AU$180 million to AU$200 million, according to a Monday filing with the Australian bourse.The Middle East conflict has caused material increases in key cost categories, and the poultry products producer expects higher observed feed costs in the fiscal year 2027, per the filing.The company said it expects a fiscal year 2026 net impact of AU$7 million to AU$10 million from higher diesel fuel costs flowing through via fuel levies from its transport providers."Packaging cost increases are beginning to emerge, and we are implementing mitigation strategies to manage these to the fullest extent possible," Inghams Group said.

ASX:ING
Asia

Inghams Group Says JPMorgan Chase Reduces Stake; Shares Fall 3%

Inghams Group (ASX:ING) received notice that JPMorgan Chase and its affiliates decreased their holdings in the company to 7.47% from 8.96%, according to a Friday Australian bourse filing.JPMorgan Chase and its affiliates now own 27.8 million shares in the company, the filing said.Its shares fell 3% in recent Friday trade.

ASX:ING
Asia

Inghams Group Appoints CFO

Inghams Group (ASX:ING) appointed Grant Douglas as chief financial officer, effective October, according to a Monday filing with the Australian bourse.Douglas most recently served as chief financial officer of Brickworks (ASX:BKW), the filing said.Douglas will succeed Gary Mallett, who has decided to step down from his role effective Sept. 30, the filing added.

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