Australia's largest cattle and beef producer has taken a financial hit from this year's Queensland floods and is facing higher costs due to the Middle East crisis.
But demand for beef protein in Australia and around the world remains strong, giving Australian Agriculture Co, or AACo, positive momentum as it enters its 2027 fiscal year.
AACo generated a bottom-line net profit of $107.3 million in fiscal 2026, in a major turnaround from last year's $1.1 million loss.
Its preferred operating profit measure came to $71.6 million, up 23 per cent, on higher revenue of $422.1 million for the year ended March 31.
Beef sales totalled $314.4 million, up seven per cent, while cattle sales came to $107.7 million, up 15 per cent.
