Ricegrowers Limited, trading as SunRice (ASX:SGLLV) has reported its H1 FY26 result, delivering RaaS adjusted NPAT of $34.8m, 11.5% above the previous corresponding period (pcp) and a touch above RaaS estimates, albeit aided by a lower tax rate (23% vs. 28% forecast and the pcp).
Net debt closed the half at $169m, the lowest since October 2021 despite ~$125m in subsequent acquisitions.
Operating cash flow was 115% of adjusted EBITDA and the interim dividend was in-line at 20cps.
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