SunRice reports $1.85bn revenue, profit climbs despite revenue dip
SunRice’s revenue dropped to $1.85bn, but has delivered an increased net profit after tax of $70.7m in this financial year.
SunRice revenue is $1.85bn this financial year – down 2 per cent from the previous year’s record $1.88bn.
The price for medium grain paddy rice was also down by 6 per cent compared to last year, a $430 a tonne for growers offered in 2025.
However, SunRice chief executive officer and managing director Paul Serra told shareholders the company had a strong balance sheet and was taking a disciplined approach to the future.
He said earnings before tax, depreciation, and amortisation were up by 3 per cent year-on-year to $147.7m.
Net profit after tax was also up by 4 per cent to $70.07m compared to $68.2m last year.
“We are shaping our future with rice at our heart,” he said.
B class shares were announced to the Australian Stock Exchange at 102.9c, representing a 6 per cent lift on the 97.5c in 2024.
“In 2025 we continued to deliver across all key metrics and also embed our growth strategy,” he said.
In breaking down the financials, Mr Serra said 60 per cent of revenue was generated outside of Australia and 70 per cent of that came from branded products.
“We have 1500 products, across 45 brands and run operations in 10 countries,” he said.
SunRice chief financial officer Dimitri Courtelis said the capital balance sheet showed strength and flexibility.
In the breakdown of revenue by country, Australia and New Zealand contributed 42 per cent; Europe, Middle East and Africa, 28 per cent; and Asia 28 per cent, with the remaining 2 per cent not identified by individual countries.
He said the company had net working capital of $452.4m compared to last year’s $465.7m, despite a 24 per cent increase in Australia’s rice crop.
Meanwhile, the single desk vesting period for rice ends on July 1, allowing growers to sell their rice internationally outside of SunRice’s exclusive export rights.
This transition is expected to impact pricing and sales as growers gain the freedom to sell rice.
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