Astral forecasts interim earnings of at least US$1.18 per share as sales rise
Higher production volumes and feed sales support performance
SOUTH AFRICA – South Africa-based poultry producer Astral Foods expects a significant increase in its interim earnings, driven by stronger demand for chicken products that has lifted sales volumes across its operations.
The company said its headline earnings per share for the six months ending March are projected to rise by at least 435% to a minimum of US$1.18 (R21.88), while basic earnings per share are expected to increase by at least 365%.
The update was released ahead of management’s participation in an investor conference scheduled for next week, where the group is set to outline its recent performance and outlook.
Demand lifts production and pricing
Astral reported that improved market demand has allowed it to scale up broiler production, contributing directly to the anticipated earnings growth.
The company added that poultry selling prices recovered during 2025 after a prolonged period of declines in 2024, which had previously weighed on revenue.
Despite ongoing pressure on household spending and limited disposable income, Astral indicated that demand for poultry products has remained firm enough to support higher sales volumes.
Feed division records gains
The group’s feed division also recorded growth, supported by increased internal demand linked to higher poultry production and rising external feed sales.
Astral said feed margins improved due to lower input costs, particularly soft commodity prices, which reduced overall production expenses during the period.
The company noted that operations ran without major disruptions, allowing it to maintain consistent output levels across its business units.
Astral further stated that its financial position remains stable, supported by improved earnings and disciplined cash management practices.
The group reiterated that its strategy of maintaining low production costs continues to guide its operations as it seeks to remain competitive in a challenging consumer environment.
Astral said it plans to release a more detailed trading statement in April, which will provide updated ranges for both earnings per share and headline earnings per share.
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