Select Harvests Reports Strong Earnings Amid Favorable Market Conditions

Select Harvests ( (AU:SHV) ) has shared an announcement.

Select Harvests reported a strong financial performance for the first half of FY2025, with a net profit after tax of $28.7 million, a significant improvement from the previous year’s loss. The company attributes this success to favorable market conditions, particularly strong almond prices driven by demand from China and India. Despite a reduction in the forecasted almond crop size, Select Harvests continues to focus on strategic growth, including expanding processing capacity and optimizing farm productivity. The company’s efforts in safety and operational efficiency have also shown positive trends, positioning it well for future benefits to shareholders.

The most recent analyst rating on (AU:SHV) stock is a Buy with a A$4.40 price target. To see the full list of analyst forecasts on Select Harvests stock, see the AU:SHV Stock Forecast page.

More about Select Harvests

Select Harvests is an Australian company operating in the agriculture industry, primarily focusing on the production and processing of almonds. The company is known for its leadership in processing scale and efficiency, aiming to maximize crop returns and drive growth through increased productivity and strategic investments.

Average Trading Volume: 422,498

Technical Sentiment Signal: Hold

Current Market Cap: A$640.9M

Find detailed analytics on SHV stock on TipRanks’ Stock Analysis page.