A $27 million write-down of legacy inventory drove reported EBITDAS to negative $35 million, while net debt finished at $89 million against $90 million guidance.

SPC Global has delivered normalised EBITDA of $38.5 million for FY26, up 27 per cent and ahead of guidance for 25 per cent growth, on net sales revenue of $331.8 million.

Turnover and employment are at record levels in Australia’s food and grocery manufacturing sector and exports are also climbing, according to Australian Food and Grocery Council’s (AFGC) latest State of the Industry report. But the figures came with a warning – ongoing pressure on margins and operating costs could weaken the sector’s capacity to invest and grow over the long term.

Woolworths Group reported Australian Food sales of $53.85 billion for F26, up 4.6 per cent, with segment EBIT of $2,953 million up 8.5 per cent on the prior year. Group sales reached $71.5 billion, up 3.6 per cent, with group EBIT before significant items of $3,105 million, up 12.7 per cent. Net profit after significant items was $1,138 million, up 18.1 per cent. 

Dr Mark Krstic, MD of the Australian Wine Research Institute, will be stepping down from his position at the end of 2026, following seven years of leadership and a total of 15 years of service to the Institute.

Asahi Beverages has switched to recycled material for all of its plastic soft drink bottles in a major sustainability milestone for the company.

Australia’s ‘cheese-centric’ dairy industry is looking to higher-value uses of milk protein – such as nutritional supplements – as national milk production remains low, according to Rabobank.

Tucking into a hamburger without harming animals is closer to reality after University of Queensland (UQ) researchers found a way to cut costs in cultivated meat production.

Sixteen months after receivers were appointed over its holding company, the structural obstacle to selling Western Australia’s largest milk processor has been removed. McGrathNicol has launched the formal sale process for Brownes Dairy, with China Mengniu Dairy Company consolidating its holding position so the entire enterprise can be put to market rather than a shareholding above it.

Coles Group has reported FY26 group sales revenue of $45.58 billion, up 2.8 per cent, with EBIT excluding significant items up 9.9 per cent to $2.32 billion and NPAT excluding significant items up 13.7per cent to $1.26 billion.

Inghams has returned to volume growth with reduced dependence on Woolworths but net profit fell 61.5 per cent to $34.6 million as input cost inflation, first half production inefficiencies and a tax provision weighed on FY26 earnings.

Endeavour Group’s decision to reset shelf prices at Dan Murphy’s has restored sales momentum but taken a heavy toll on earnings, with annual profit down 87.8 per cent to $52 million for FY26 after $372 million in pre-tax significant items covering restructuring, asset writedowns and the exit from its winery portfolio.

Food and beverage businesses that delay adopting AI, precision agriculture, digital modelling and fermentation technologies risk being locked out of the commercial opportunities attached to the Brisbane 2032 Olympic and Paralympic Games, a new perspective paper from Australia’s Food and Beverage Accelerator (FaBA) says.

New Zealand-owned aluminium can manufacturer Recorp has expanded into Australia, offering beverage companies access to a range of can formats manufactured at its South Auckland facility.

The Middle East conflict is at the centre of how consumers across the Asia Pacific region are rethinking what value means, according to Mintel’s latest regional report. For manufacturers, APAC Food and Drink Landscape 2026, looks at the export markets that impacted FY26 results and the input and freight costs still working through the system.

Noumi has lifted net revenue 8.8 per cent to $648.4 million and adjusted operating EBITDA 7.6 per cent to $61.8 million in FY26, in what is likely its final full year result as a listed company.