Ann: FY24 Full Year Results Investor Presentation, page-3

$2.4 million of the reduction in NPAT was due to the acquisition of Oceania Meat Processors.

Corporate costs reduced from $13.3 million in FY 23 to $11.3 million in FY 2024. How many companies can better this?

Underlying debt has decreased by $31.7 million: excellent.

Very pleasing that dog food sales rose 8.8 per cent. While post-COVID, some Australians may be ridding themselves of pets if a household faces mortgage or rent cost pressures, generally the trend for pet ownership has been upwards.

Bulk stockfeeds put in a very good performance despite the much publicised avian influenza woes in the poultry subsector. Again, a very good performance from RIC.

The company has an excellent Managing Director who like us all cannot control every variable but of the ones he can, SH can be pretty much assured he's on the ball.