GrainCorp swings to $10.1m loss as global oversupply crushes prices
GrainCorp posted a $10.1 million loss this year, down from $39.9 million profit, after global oversupply.
GrainCorp, which operates the biggest grain storage and logistics network on Australia's east coast, posted a net loss of $10.1 million for the year ended September 30. That's a huge fall from the $39.9 million profit it made the previous year.
Chief executive Robert Spurway blamed a global glut of grain driven by good growing conditions in major producing countries. Low prices mean Australian grain is competing hard on the world market.
The company will pay a final dividend of 14 cents, bringing the full-year payout to 28 cents, down from 48 cents. Its agribusiness unit saw earnings fall to $156 million from $218 million, reflecting thinner grain margins.
Spurway is stepping down after almost seven years in the role.
- $10.1 million
- Net loss fiscal 2026
- $39.9 million
- Previous year profit
- $156 million (from $218 million)
- Agribusiness earnings fell to
- 28 cents (down from 48 cents)
- Full-year dividend
Why it mattersA falling payout signals the grain market remains under pressure.
AustraliaAustralian grain farmers face continued price pressure as global oversupply persists, while GrainCorp cuts shareholder returns by 42 per cent, signalling tougher times ahead.
