Seed Co Limited has opened FY27 with stronger volumes and a narrower loss, supported by improved macroeconomic conditions and disciplined cost management.
For the first quarter ended 30 June 2026, the group recorded a 22% increase in volumes sold to 4,145 MT, up from 3,393 MT in the same period last year. Revenue rose 19% to US$6.9 million from US$5.8 million, driven primarily by a rebound in winter cereal seed demand and early maize export volumes.
The improved revenue and sales, together with sustained cost discipline and credit risk management, contributed to a 35% narrowing of the seasonal operating loss to US$2.0 million, compared to a US$3.1 million loss in Q1 FY26.
The operating environment remained broadly stable during the quarter, backed by relative exchange-rate stability, softening inflation and monetary discipline. However, the benefits were partly offset by rising input and distribution costs, reflecting ongoing geopolitical tensions in the Middle East and Eastern Europe and their impact on global logistics, energy, chemicals and fertiliser supply chains.
Attention is now turning to preparations for the main selling season. The Company said it remains focused on cash generation and disciplined working capital management, consistent with the seasonal nature of its operations, while advancing the development of the retail channel.
.
