- Business
- Select Harvests Limited Select Harvests Limited (ASX:SHV), Australia's largest vertically integrated almond company, grows, processes, packages, and markets almonds and value-added almond products for domestic retail, industrial, and global export markets. The company operates orchards spanning more than 9,300 hectares across Victoria, South Australia, and New South Wales, supplying its state-of-the-art Carina West processing facility near Robinvale, Victoria, which handles over 40,000 metric tons annually; core offerings include inshell and kernel almonds under the Allinga Farms brand, alongside premium value-added products such as blanched, roasted, sliced, diced, meal, and paste almonds under the Renshaw brand for sectors including beverages, bakery, confectionery, cereals, snacking, health foods, dairy, repackers, and wholesalers. Founded in 1978 and headquartered in Richmond, Australia, Select Harvests serves over 600 customers worldwide, with key export focus on India, China, Asia, Europe, and the Middle East. In recent developments, the company completed an $80 million capital raise in September 2024 via entitlement offer and institutional placement to retire debt and advance strategy amid favorable California market dynamics; expanded Carina West processing capacity through Phase 2 investment to 50,000 metric tons by 2025; and reported full-year 2025 results on November 25, 2025, with revenue of AUD 398.3 million, NPAT of AUD 31.8 million, EBITDA of AUD 82.4 million, average almond price of $10.18 per kilogram, and a 24,903 metric ton crop, reflecting a strong turnaround driven by 32% higher prices and operational efficiencies despite a 16% crop decline.