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AAP
AAP
Business
Derek Rose

Beef lovers steer it home for billionaire-backed firm

AACo United States Queensland David Harris
Australian Agriculture Co's cattle sales in fiscal 2026 came to $107.7 million, up 15 per cent. (Lukas Coch/AAP PHOTOS)

Strong demand for Australian beef in the US, Asia and at home has helped the nation's largest cattle and beef producer to record earnings, despite herd losses because of flooding.

Australian Agriculture Co turned a $71.6 million operating profit, up 23 per cent, in fiscal 2026, marking its best annual result since the metric was introduced in 2016.

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