According to the Zhitong Finance App, Australia and Asia Group (02425) announced its 2026 interim results, with revenue of about 1,726 billion yuan, up 1.6% year on year; gross profit of about 386 million yuan, up 30.5% year on year; profit attributable to parent company owners was 108 million yuan, turning a year-on-year loss into a profit; profit per share of 0.11 yuan.

According to the announcement, the reversal of loss into profit was mainly due to the increase in the efficiency of farming operations and the increase in the average sales price of beef cattle during the reporting period; the reduction in losses caused by changes in the fair value of other biological assets reduced the cost of sale. During the reporting period, the revaluation loss was approximately $75 million, compared to approximately $462 million in the first half of 2025. The reduction was mainly due to a decrease in feed costs per kilogram of raw milk and an increase in the selling price of phased out cows.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.