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Australia-Asia Group: Expected net profit in the first half of 2026 of about $90 million to $130 million, turning losses into profits

K-LinePoet
Aoya Group announced that it expects net profit attributable to owners of the parent company for the first half of 2026 to be approximately RMB 90 million to RMB 130 million, turning from loss to profit year on year (with a loss of approximately RMB 378 million in the same period last year). The turnaround was mainly driven by improved efficiency in livestock farming operations and an increase in the average selling price of beef cattle, as well as a reduction in losses generated by changes in the fair value of other biological assets net of disposal costs. During the reporting period, the re-estimated expected loss is approximately RMB 60 million to RMB 110 million, versus approximately RMB 462 million in the same period last year. The decrease was mainly due to lower feed costs per kilogram of raw milk and higher selling prices for culled cattle.
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