Graincorp Ltd's stock price plummeted 17.08% during intraday trading on Monday, following the release of the company's financial guidance for fiscal year 2026.
The agricultural company announced that it expects lower margins on grain handled in FY26, which likely triggered the sharp sell-off. Graincorp guided for FY26 underlying EBITDA in the range of A$200 million to A$240 million and net profit after tax (NPAT) between A$20 million and A$50 million.
The guidance indicating reduced profitability margins appears to have disappointed investors, leading to the significant decline in the company's share price during the trading session.