Astral Foods (ARL) FY23 – Results Snapshot

Diluted headline loss from continuing operations of -1 324 cps (FY22: 2 697 cps), mainly due to the impact of load shedding and the Highly Pathogenic Avian Influenza.
Revenue declined by -0.4% y-y (FY22: +21.9%).
GPM down from 20.8% LY to 9.7%.
Operating loss of R621m with a margin of -3.2% (FY22: 7.4%).
Expense to sales flat at 13.7% (FY22: 13.7%).
No dividend (FY22: 1 380 cps).
Group costs impacted by load shedding and the outbreak of the Highly Pathogenic Avian Influenza.
R168m spent on emergency diesel generators and additional water storage.
R600m General Banking Facility drawn to support healthy levels of liquidity as working capital requirements increased.