Great Harvest forecasts FY2026 net loss to narrow by 42.30% to no more than US$6.00 million

Bulletin Express
Jun 11

Great Harvest Maeta Holdings Limited expects a markedly smaller loss for the financial year ended 31 March 2026 (FY2026), according to its profit warning released on 11 June 2026.

The Group estimates a loss attributable to owners of no less than US$6.00 million, an improvement of roughly US$4.40 million or 42.30% from the US$10.40 million loss recorded in FY2025.

Management attributes the narrower deficit to several factors: 1. Operating turnaround: A swing to a gross profit of about US$0.40 million from a gross loss of US$1.10 million in FY2025, generating a positive variance of approximately US$1.50 million. 2. Disposal impact: Losses on the disposal of property, plant and equipment decreased by around US$2.40 million year on year. 3. Asset impairment reversal: FY2026 includes a US$2.10 million reversal of impairment losses on property, plant and equipment, contrasting with a US$6.90 million impairment charge in FY2025. 4. Absence of FY2025 one-offs: FY2025 benefited from a combined US$7.20 million non-recurring gain related to convertible bonds—comprising a US$3.20 million modification gain and a US$4.00 million penalty-interest reversal—which did not recur in FY2026.

The company is still finalising its audited results, scheduled for publication by end-June 2026. Shareholders and prospective investors are advised to exercise caution when dealing in Great Harvest shares until the audited figures are released.

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