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GrainCorp’s investors will be cheering today after the company posted record earnings and profits, boosted by favourable weather conditions and a bumper harvest in a time of global grain shortages.

GrainCorp has posted net profits after tax of $246 million for its 2022 half-year period, or the six months ending 31 March 2022, a figure that is 452 per cent higher than its half-year profits in 2021 of $51 million.

The company’s earnings before interest, tax and depreciation (EBITDA) was $427 million, nearly double that of its 2021 half-year EBITDA of $140 million.

GrainCorp managing director Robert Spurway says the company will benefit from good crops this fiscal year.

GrainCorp is paying out an interim dividend of 24 cents per share fully franked. This time last year it was 8 cents per share.

CEO and managing director Robert Spurway said the exceptional first-half result was a record for the company.

“Global demand for Australian grain, oilseeds, and vegetable oils has remained elevated, after two consecutive bumper crops in east coast Australia (ECA) and during a period of tight global supply. The conflict in Ukraine and resulting Black Sea trade disruptions have also created uncertainty in global grain markets, prompting buyers to seek alternative sources of supply,” said Spurway.

“This has further increased demand for Australian commodities.“

He added that the company will continue to benefit from weather patterns and La Nina for the 2022-23 winter crop.

In terms of outlook, the company has confirmed an earnings guidance of $590-670 million in underlying EBITDA and $310-370 million in underlying net profit after tax for the full 2022 financial year.

GrainCorp is also today announcing GrainCorp Ventures, a $30 million corporate venture capital fund that will invest in agriculture-tech start-ups.


GrainCorp’s investors will be cheering today after the company posted record earnings and profits, boosted by favourable weather conditions and a bumper harvest in a time of global grain shortages.

GrainCorp has posted net profits after tax of $246 million for its 2022 half-year period, or the six months ending 31 March 2022, a figure that is 452 per cent higher than its half-year profits in 2021 of $51 million.

The company’s earnings before interest, tax and depreciation (EBITDA) was $427 million, nearly double that of its 2021 half-year EBITDA of $140 million.

GrainCorp managing director Robert Spurway says the company will benefit from good crops this fiscal year.

GrainCorp managing director Robert Spurway says the company will benefit from good crops this fiscal year.

GrainCorp is paying out an interim dividend of 24 cents per share fully franked. This time last year it was 8 cents per share.

CEO and managing director Robert Spurway said the exceptional first-half result was a record for the company.

“Global demand for Australian grain, oilseeds, and vegetable oils has remained elevated, after two consecutive bumper crops in east coast Australia (ECA) and during a period of tight global supply. The conflict in Ukraine and resulting Black Sea trade disruptions have also created uncertainty in global grain markets, prompting buyers to seek alternative sources of supply,” said Spurway.

“This has further increased demand for Australian commodities.“

He added that the company will continue to benefit from weather patterns and La Nina for the 2022-23 winter crop.

In terms of outlook, the company has confirmed an earnings guidance of $590-670 million in underlying EBITDA and $310-370 million in underlying net profit after tax for the full 2022 financial year.

GrainCorp is also today announcing GrainCorp Ventures, a $30 million corporate venture capital fund that will invest in agriculture-tech start-ups.

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