Rainbow Chicken doubles profits on strong poultry demand

Rainbow Chicken has delivered a strong financial performance for the year ended 28 June 2026, in line with its projections.

Revenue from operations rose 7.7% to R17.1 billion, while earnings before interest, taxes, depreciation, amortisation and impairment (Ebitda) doubled to R2.1 billion.

The group released its financial results in a Sens on Friday.

It said earnings per share (EPS) also more than doubled to 149.55 cents and headline earnings per share (Heps) is at 150.87 cents, up 130%.

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The JSE-listed producer attributed this standout performance primarily to favourable market conditions, including higher demand for poultry products and lower commodity prices.

This was complemented by strong agricultural and operational performance, together with cost efficiencies.

Performance by divisions

The chicken division achieved exceptional performance in the current year, due to firm pricing, a more strategic product mix and improved agricultural and operational performance.

The animal feed division continued to focus on higher-margin volumes, delivering improved profitability despite lower selling prices associated with softer raw material commodity prices.

Within the waste-to-value division, the group said the Rustenburg plant demonstrated improved performance, however, it continues to be an area of “strategic focus of management”.

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During the year under review, the group maintained a strong financial position, with cash and cash equivalents increasing to R2.4 billion at year end, supported by improved profitability, strategic capital allocation and low gearing levels.

As a result, the board has approved a net final dividend of 36 cents per share (it was 16 cents per share in 2025) and a net special dividend of 60 cents per share.

Rainbow share price

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