Duxton Farms (ASX:DBF) Announces Strategic Acquisitions and Asset Sales in Q3 FY2025
Strategic Acquisitions and Sales
Duxton Farms successfully acquired the 2,386-hectare NT Portion 8554 property in the Northern Territory for $10.25 million, expanding its Northern Territory portfolio. Additionally, the Company sold its “Kentucky” aggregation, including 6,020 hectares of arable land and 48 megalitres of water, for $38 million on 9 April 2025. Proceeds from the sale will be used for debt reduction, shareholder distributions, and further investments.
Financial Performance
The Group recorded an operating cash flow deficit of $2.155 million for the quarter, primarily due to investments in the 2026 winter crop. Cash flows from investing activities stood at a deficit of $12.787 million. However, financing activities generated $10.574 million, enhancing the Company’s financial position.
Operational Highlights
Duxton Farms managed a diversified agricultural portfolio across 177,332 hectares. Crop updates indicated delayed sowing due to hot and dry conditions, with adjustments in crop rotation. The Company also reported steady livestock sales and ongoing irrigation improvements to enhance field productivity.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
