Inghams keeps its FY26 underlying EBITDA forecast in the $180 million to $200 million range, even as fuel pressures build.
The poultry group reports a small lift in core poultry volumes over the first nine months of the year, signalling steady demand.
Management says earnings can absorb the impact of rising diesel costs without breaking that guidance band.
Investors are watching whether that confidence survives if fuel prices climb further.
Across the first half of FY26, Inghams’ core poultry volumes edge 1.1% higher compared with the same period a year earlier.
Volumes in Australia rise 1.2% while New Zealand posts a 0.5% gain, underscoring the group’s heavier weighting to the Australian market.
Net selling prices for core poultry also move 1.1% higher year on year, adding a modest revenue tailwind.
Management warns that higher diesel costs and transport fuel levies are expected to drag FY26 earnings by between $7 million and $10 million.
Cost control and efficiency programmes sit at the centre of Inghams’ response.
The company expects annualised savings of $60 million to $80 million from labour and site operations changes, which help offset rising operating expenses.
Feed costs are forecast to be slightly more favourable than in the prior financial year, easing one of the largest input lines for poultry producers.
Revised capital expenditure is set at about $80 million, signalling continued investment in assets without stretching the balance sheet.
These levers are designed to keep profitability aligned with the reaffirmed earnings guidance despite fuel headwinds.
