Financial Reports

Learn more about our financial performance.

Namoi Cotton managed record volumes in the 2022 season which led to an improved financial result with an EBITDA of $18.3 million (FY2022 – $2.6 million) and NPAT of $4.0m (FY2022 – $5.4 million loss) after losses from three years of drought (FY2020 to FY2022). 

2023/2024
Half Year Financial Report FY2024

2022/2023
Half Year Financial Report FY2023

Namoi Cotton generated an EBITDA of $20.9m [H1FY22: $9.0m] and a Profit after Tax of $12.4m [H1FY22: $4.8m]. The $11.9m increase in EBITDA and $7.6m increase in Profit after Tax from the half years H1FY22 to H1FY23 was achieve from above average volumes and restructure of the joint ventures.

2022
Full Year Financial Report FY2022

Namoi Cotton Limited (“Namoi Cotton”) delivered a positive EBITDA in FY2022 of $1.6m [FY2021 $(12.7) million] and Loss after Tax of $(4.4) million [FY2021: $(14.4) million].

2021/2022
Half Year Financial Report FY2022

Namoi Cotton in the first half of FY2022 *to August 2021) returned to profitability after two years of severe drought. Namoi Cotton generated an EBITDA of $9m and a Profit after tax of $4.7m in the first half of FY22, a turnaround of $12.2m EBITDA and $9m Profit after Tax from the first half of FY21.

2021
Full Year Financial Report FY2021

Namoi Cotton Limited (“Namoi Cotton”) recorded a loss after tax of $14.4 million for the full year ended 28 February 2021 (FY2020: a net loss of $11 million).

2020/2021
Half Year Financial Report FY2021

Ongoing drought conditions in Eastern Australia severely impacted supply and this Namoi's 2020 cotton season ginning volumes to 31 August 2020 were down by 0.33m bales of 73% on the prior comparative period ('pcp'). Despite these unprecedented low ginning volumes, Namoi's net loss after tax H1FY21 increased by just $0.3m to $4.3m (pcp: $4.0m), given the implementation of operating efficiencies as well as the ongoing reduction in the company's cost base.

2019/2020
Full Year Financial Report FY2020

Namoi's finance costs have reduced by $0.1million with the interest rate environment being even more favourable than the pcp.

2019/2020
Half Year Financial Report FY2020

Namoi Cotton Limited ("Namoi") today reported a $4.02 million loss for the six months ended 31 August 2019, which was $18.31m unfavourable to the prior comparative period (‘pcp’). The result was profoundly impacted by the severe drought conditions being experienced in Eastern Australia and particularly in the core Australian cotton growing regions.

2018/2019
Full Year Financial Report FY2019

Namoi Cotton Limited (“Namoi Cotton”) recorded a consolidated net loss after tax from continuing operations of $556,000 for the full year ended 28 February 2019 (2018: a net profit of $6,769,000). The consolidated net profit before tax was $124,000 (2018: $9,674,000). Positive cash flows from operating activities were recorded at $21,029,000 (2018: $17,317,000).

2018/2019
Half Year Financial Report FY2019

Namoi Cotton recorded a net profit after tax of $14.3m for the half year ended 31 August 2018, compared with a net profit after tax of $15.8m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.0m to $7.0m.

2017/2018
Full Year Financial Report FY2018

Namoi Cotton Limited (“Namoi Cotton”) recorded a consolidated net loss after tax from continuing operations of $556,000 for the full year ended 28 February 2019 (2018: a net profit of $6,769,000). The consolidated net profit before tax was $124,000 (2018: $9,674,000). Positive cash flows from operating activities were recorded at $21,029,000 (2018: $17,317,000).

2017/2018
Half Year Financial Report FY2018

Namoi Cotton recorded a net profit after tax of $15.8m for the half year ended 31 August 2017, compared with a net profit after tax of $7.4m in the previous corresponding year. As the majority of revenues are recorded in the first half of the year with ginning maintenance expenses incurred in the second half of the year, Namoi Cotton expects it financial results for the full year to be a net profit after tax of between $4.5m to $7.5m.

2016/2017
Full Year Financial Report FY2017

Overall financial performance has improved substantially year on year. Cotton ginning and seed volumes have improved through the crop size increase to 2.7m bales and targeted market share strategies delivering an improvement in a net contribution for the ginning segment despite facing heavy competition for bales in central growing regions.

2016/2017
Half Year Financial Report FY2017

Namoi Cotton recorded a net profit after tax of $7.4m for the half year ended 31 August 2016, compared with a net profit after tax of $4.1m in the previous half year. A 17% increase in the 2016 Australian crop size was again underpinned by historically high yields for irrigated and dryland crops in most valleys.

2016/2015
Half Year Financial Report FY2016

Overall financial performance has improved substantially year on year. Cotton ginning and seed volumes have improved through the crop size increase to 2.7m bales and targeted market share strategies delivering an improvement in a net contribution for the ginning segment despite facing heavy competition for bales in central growing regions.

60 years growing with Australia.

Namoi Cotton is Australia’s largest cotton ginning organisation. We’re proud of our 60 years growing with Australia.