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The Australian
28-07-2025
- Business
- The Australian
RLF records strong end to FY25
RLF reports cash receipts of $8.9 million in Q4 FY25, up 254% on the previous quarter Total cash receipts for FY25 of $26 million, up 74% from FY24 Full year FY25 net cash from operating activities of $800,000 marks 'complete turnaround' from $3.67m deficit in FY23 Special Report: RLF AgTech has reported a strong end to FY25 with cash receipts of $8.9 million in Q4, up 254% on the previous quarter and up 74% YoY with a full year positive operating cashflow. Reflecting continued improvement in business performance RLF AgTech (ASX:RLF) achieved net cash from operating activities of $800,000 for FY25, up 782% on FY24 of $90k and a 'complete turnaround' from FY23, which saw a deficit of $3.67m. RLF is a leading provider of crop nutrition products designed to improve agricultural productivity, crop quality and soil health. The company has completed its first full financial year under renewed leadership and a redefined business strategy. RLF's June quarter results provide the clearest view yet of its operational cash performance following the comprehensive business restructure. Positive results include FY25 customer receipts of $26m, up 74% from FY24, attributed to improved sales conversion and performance, with growth recorded across all key regions. Core operations remained cash generative despite absorbing the one-off costs of group restructuring, transition and new market investment, reflecting the strength of the underlying business. During FY25 balance sheet restructure debt was materially reduced, interest waived and repayment terms extended, freeing working capital for growth investment. RLF's cash balance on 30 June 2025, was $6.5m, up 39% YoY, driven by operating performance and disciplined cash management. The company said the uplift also reflected successful integration of the RLF LiquaForce business, which it acquired in May 2024. Strategic expenditure for future growth RLF said the turnaround in FY25 was achieved during a year of substantial strategic expenditure across multiple fronts. In August 2024, the company formally exited a legacy Australian distribution agreement, regaining full commercial rights to the Australian market leading to the formation of RLF Australia. The standalone entity required investment and cash outlay across staffing, systems, training resources, promotional materials, product relabelling and national sales coverage. RLF said It had since become a cornerstone of its growth strategy, enabling direct engagement with key distributors, resellers and growers, while restoring access to revenue streams previously unavailable to the company. RLF Australia has secured major distribution partnerships with a footprint now spanning more than 500 retail locations, supported by new marketing, technical and logistics capabilities. In parallel, the company undertook a comprehensive restructuring of its group operations, including streamlining overheads, consolidating reporting lines and redefining roles across domestic and international divisions. RLF also invested in new equipment and manufacturing capabilities to strengthen its operational base and support commercial programs and grower confidence heading into FY26. The company upgraded its manufacturing facility in Queensland, bringing cost-effective production in-house and enabling increased responsiveness to distributor and grower demand. Among strategic purchases was a Variable Rate Applicator for RLF LiquaForce to enhance precision in product application and trial deployment, aligning with its commitment to innovation and agronomic efficiency. China business recovery with record cash collection RLF reported Q4 FY25 cash collections in China at record levels of $5.3m, signalling a successful rebound from the same period in FY24. June pre-orders in the country rose 73% YoY, demonstrating successful distributor engagement and effective digital-led marketing under its Technology Empowering Agriculture theme. In Vietnam, repeat orders and trial programs from three major distributors including KONA, VINCO, YAMATO signal growing commercial momentum. The company said new trials in coffee and durian showcased RLF's relevance in high-value crops. In India, trials with Gujarat Pesticides, ANU Production, Agrico Organic and Geolife mark the beginning of a strategic entry into one of the world's largest fertiliser markets. Entering biologicals segment RLF signed an exclusive agreement with AXIOMA Biologicals to distribute its innovative plant-based biostimulants across Australia, China and Asia. The deal sees RLF's portfolio enter the fast-growing biologicals segment, enabling new margin opportunities. The company said the biologicals offered growers new, environmentally responsible solutions that aligned with RLF's technology-based approach and enhanced the value of its traditional nutrition offerings. RLF has also had success with its Hillston Soil Carbon Project, delivering strong measured outcomes, helping validate its carbon and soil sustainability integrated nutrition strategy. This supports the company's position in the regenerative agriculture sectors. Board renewal and new management Acting managing director Gavin Ball stepped into the top role following the restructure about 12 months ago, after first investing in RLF more than a decade ago when it was a private company. During FY25, directors Liza Carpene and Donald McLay left the board and were recognised for their pivotal roles in the company's ASX debut in 2022 and expansion. In April, seasoned executive Ben Barlow stepped in as non-executive chair, tasked with steering the next phase of growth. RLF said further board renewal remained a priority, as the company aligned its governance with its expanding scale and strategic ambitions. Planting the seeds for scaled growth in FY26 RLF said it entered FY26 with strengthened operations, national market access and a clearer commercial identity. In Australia, the company said it was well-positioned to drive revenue growth through an established distribution network, expanded field support and the integration of AXIOMA's biological product range. In China, momentum is building with increased pre-orders, distributor re-engagement and margin recovery underway, while in Southeast Asia RLF said recent market entries were expected to translate into expanding commercial orders following success of initial trial programs. With a simplified structure, increasingly diversified product base and positive operating cashflows, RLF said it was entering a new phase of commercial scale-up. 'The results of FY25 validate the strategy in place and provide the foundation to deliver meaningful shareholder value in FY26 and beyond,' the company said. This article was developed in collaboration with RLFAgTech, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Yahoo
08-07-2025
- Business
- Yahoo
Nutrien (NTR) Price Target Raised to $65 at Morgan Stanley
Nutrien Ltd. (NYSE:) is . On June 26, Morgan Stanley analyst Vincent Sinisi reiterated an Equal-Weight rating on the stock. Similarly, the analyst raised his price target to $65 from $60. A farmer in an agricultural field, harvesting crops enhanced with improved traits. The adjustment underscores a positive outlook on Nutrien growth prospects and stock's performance. In addition, the bullish stance is driven by Nutrien's retail segment, which showed resilience and delivered strong performance, helping offset weakness in other areas. The leading provider of crop inputs and services has also recorded growth in its potash segment, which has outperformed expectations. Nutrien's focus on buybacks and retail tuck-in acquisitions also affirm smart capital allocation. Nutrien Ltd. (NYSE:NTR) is one of the top farm stocks, serving as a global provider of crop inputs and services. It offers farmers a range of solutions to enhance crop production. It is the world's largest producer of potash and the third-largest producer of nitrogen. While Nutrien doesn't produce organic food directly, it supports both conventional and organic farming by offering soil health products and sustainable crop management solutions. Nutrien has been featured on lists of top organic food and farming stocks due to its strategic importance in global agriculture and its exposure to trends like regenerative and organic farming. While we acknowledge the potential of NTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Blue Chip Stocks to Buy According to Analysts and 10 Most Undervalued Gold Stocks to Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CTV News
19-06-2025
- Climate
- CTV News
Saskatchewan farmers will need more rain soon to avoid deteriorating crops: report
Saskatchewan farmers are moving into the next phase of crop production after finishing getting their seeds in the ground last week. Now, according to the Ministry of Agriculture's latest crop report Thursday, producers across the province begin spraying their fields to keep the pests at bay and hauling grain to free up storage space for harvest. So far so good, but whether those seedlings thrive or begin to deteriorate in condition all depends on one key factor — rain. 'There were some isolated showers over the past week, with some areas seeing heavy rain and hail,' the ministry said in a news release. 'While the moisture was welcome, the intensity of these storms left some crops damaged.' The ministry says the Meadow Lake area had the heaviest reported rainfall over the week, at 64 millimetres. The Coleville, Bruno and Prince Albert areas also reported substantial rainfall. Much of the province received small, spotty rains, the ministry says, contributing to a province-wide decline in topsoil moisture conditions. Forty-five per cent of Saskatchewan's cropland has topsoil rated as short of moisture, and 14 per cent is rated very short. Just one per cent of cropland has a surplus of moisture, the province says, and 40 per cent is rated adequate. In the hay lands, 34 per cent of top soil moisture is rated adequate, 41 per cent short, and 25 per cent very short. Just 27 per cent of pasture lands are rated at adequate moisture levels, with 42 per cent short and 31 per cent very short. Most crops appear to be normal in their development for this time of year, the ministry says. 'However, many producers are reporting that without rain soon crop development will be delayed on later seeded crops and hastened for the more advanced crops as they respond to the drier conditions.' Mainly, the ministry says crop conditions across the province are rated as fair to good, but that could change if more rain doesn't come soon. 'Dry conditions coupled with windy days continues to be the largest source of crop damage and severity ranges from minor to moderate depending on the region.' Scattered hail events this week contributed to some crop damage, also varying widely in severity. The ministry says fall seeded crops in later development stages sustained the most damage and are unlikely to recover, 'but less advanced crops should be able to bounce back.' The ministry says producers are reporting issues with grasshoppers and flea beetles, but those concerns range from minor to moderate and are being dealt with. Read the full report online here.
Mail & Guardian
19-06-2025
- Business
- Mail & Guardian
Index shows upbeat sentiment on South Africa's agricultural sector
Favourable production conditions for crops, wine grapes, fruit and vegetables will drive the sector's performance. South African farmers and agribusinesses continue to exhibit resilience and optimism. The After a notable uptick in the first quarter of 2025, the ACI fell by 5 points in the second quarter of the year to 65. Any level of the ACI that is above the 50-neutral point signals optimism. Regarding the slight decline, most respondents identified the uncertain global trade environment, lingering geopolitical tension and the domestic animal disease challenge as key factors constraining the sector. Despite the slight quarterly decline, the This survey was conducted in the second week of June, covering various agribusinesses operating in all agricultural subsectors across South Africa. A crucial point to remember when reviewing the index is that sustained optimism, at levels above the 50-neutral market, is fundamental, especially in the long run, for fixed investment in the agriculture and agribusiness sectors. The ACI also serves as a leading indicator of agricultural growth prospects over time. We can thus expect slightly better farming output data for the second quarter of the year. The favourable production conditions for field crops, wine grapes and various fruits and vegetables will be the primary drivers of the sector's performance. Indeed, we are yet to see the full impact of the foot-and-mouth disease that is challenging the sector. This has started to affect sentiment and is likely to continue in the coming months. In essence, the ACI results for the second quarter of 2025 indicate that the sector's mood remains upbeat about the recovery this year. Still, the results also show that recovery will probably be uneven as some key subsectors struggle with animal diseases. Notably, the dominance of geopolitical concerns in respondents' views illustrates the strong dependence of South Africa's agricultural sector on export markets and the need to diversify these markets. China, India, Saudi Arabia and Egypt are among the key markets we should target for expansion. However, as we drive diversification, we must work vigorously to retain access in various markets across the European Union, United Kingdom, Africa, Asia, the Middle East and the Americas, among others. Also significant are the collaborative efforts between business and government in addressing biosecurity issues in South Africa's agriculture, as well as efforts to promote more efficient network industries, better municipal management and the implementation of the Wandile Sihlobo is the chief economist of the Agricultural Business Chamber of South Africa.
The Guardian
10-05-2025
- Sport
- The Guardian
Warwickshire v Surrey, Nottinghamshire v Hampshire, and more: county cricket
Show key events only Please turn on JavaScript to use this feature A meeting of the National Drought Group is never a good sign… Drought conditions already hitting UK crop production, farmers say Share There was a to-and-fro scrap at Trent Bridge, the difference being Nottinghamshire's 20-year-old England Lion Freddie McCann, who hit a wonderful century, already his third in the Championship. Kyle Abbott collected five wickets for the 43rd time in his career – it could have been more but Hampshire dropped five catches. The 2024 champions had a difficult day at Edgbaston. Tom Latham, who only arrived in Birmingham on Tuesday after recovering from a broken hand, frolicked to an unbeaten 139 on his Warwickshire debut. Alex Davies had set the mood, playing wantonly at the Surrey attack, slapping a couple of early sixes, until he was bowled by a full toss from Dan Lawrence. Surrey, shorn of Jamie Smith and Ollie Pope by England, picked Jason Roy for the first time in five years. It was a memorable day for off-spinner Jack Carson, who celebrated a maiden first-class century at a sunny Hove. It was an intelligent rescue act after Sussex, sitting pretty at 80 for nought, promptly lost six for eight as Tom Taylor (five for 56) ran riot. The last-wicket stand of 73 was particularly galling for Worcestershire. James Wharton's careful innings of 63 not out just about knitted Yorkshire together on a day when they lost nine for 108 on a two-faced Chelmsford pitch. Matt Critchley collected four for 49. Essex then lost their opening pair and the nightwatchman before the close. Glamorgan, boosted by news that Marnus Labuschagne would be returning for two games (and a sixth season) later this month, had a good day against Kent at Canterbury, where a north wind confused the seasons. Young specs-wearing Asa Tribe was bowled by Matt Parkinson six runs short of a first Championship century, Ben Kellaway was unbeaten on 91. A ding-dong unrolled at the County Ground, where Northamptonshire were reduced to 67 for six before the last four batters added 171 – much to Lancashire's frustration. Lewis McManus cooked up a half century and was well supported by Liam Guthrie and the tail. Lancashire lost both George Bell and Josh Bohannon for nought, but yet another fifty from Marcus Harris smoothed the waters. Ben Kellaway on the attack for Glamorgan at Canterbury. Photograph: Paul Dennis/TGS Photo/Shutterstock Share DIVISION ONE Chelmsford: Essex 27-3 v Yorkshire 216 Trent Bridge: Notts 333 v Hampshire 2-0 Hove: Sussex 284 v Worcestershire 7-0 Edgbaston: Warwickshire 364-4 v Surrey DIVISION TWO Canterbury: Kent v Glamorgan 389-7 County Ground: Northamptonshire 238 v Lancashire 110-3 Share Hello! And a happy Saturday morning all round. It's another fine day around the grounds and play will start at 11am, so do join us post park run/croissant/child's football game for some county cricket perambulations. Share
