The Inghams Group Ltd (ASX: ING) share price is in focus today after the company reaffirmed its FY26 EBITDA guidance and reported higher group poultry volumes and selling prices for the first nine months of the year.
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What did Inghams Group report?
- Reaffirmed FY26 guidance for Underlying EBITDA (pre AASB 16) of $180 million to $200 million
- For the first nine months of FY26, group core poultry volumes rose 1.1% versus prior comparable period (PCP)
- Group core poultry net selling prices increased 1.1% versus PCP
- Annualised cost savings initiatives expected to deliver $60–80 million
- Revised capital expenditure guidance of approximately $80 million for FY26
What else do investors need to know?
Inghams continues to make operational improvements, with stronger performance reported in areas such as yield, labour, and inventory management. The company reduced its frozen inventory by $25 million, which has helped restore system balance and improve cash flows.
Cost pressures remain a focus, particularly feed, diesel fuel, and packaging. The company noted a net $7–10 million impact expected from higher fuel costs in FY26, partially offset by pricing actions and efficiency gains. Feed costs are presently well covered for the year, though higher costs are expected in FY27.
What did Inghams Group management say?
Chief Executive Officer and Managing Director said Ed Alexander said:
We are seeing improved operational performance and positive momentum from initiatives already delivered, while reaffirming our FY26 guidance in a challenging environment.
What's next for Inghams Group?
Inghams says it will maintain its focus on stabilising the business, optimising assets, and growing value per bird. The company's ongoing operational improvements and cost controls are expected to support further earnings and return growth, even as it navigates uncertainties in input costs.
Growth priorities include expanding ingredients and higher value product segments, leveraging recent investments, and scaling new business initiatives like launching the Bostocks brand in Australia.
Inghams Group share price snapshot
Over the past 12 months, Inghams Group shares have declined 55%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
