Mort & Co has undertaken a strategic capital raising initiative in 2025, designed to attract investors to assist in the strategic growth of its feedlot sites. The investment memorandum attracted significant interest from potential investors, both domestically and internationally. To date there has been great interest in the individual feedlot assets, however Mort & Co has not received an offer suitable for an equity stake in the whole business. As a result, Mort & Co has undertaken a review of the assets of the company, analysing shareholder requirements, investor feedback and synergistic opportunities within the company’s asset segments. Following the review the decision has been made to sell the Pinegrove and Yarranbrook feedlots, along with Mort & Co’s interest in the greenfield feedlot development site at Gogango, in Central Queensland. “We, as a board and a company, recognise the potential for those three sites and firmly believe the future success of both Yarranbrook and Pinegrove feedlots is in the ability to expand and meet the growing grainfed beef requirements worldwide,” said Executive Chairman and Founder, Charlie Mort. Pinegrove feedlot, near Millmerran in Queensland, currently operates with 9,698 standard cattle units (SCU) with the approval to expand to 21,100 SCU. After taking full ownership in 2024, Mort & Co has just received approval for 35,000 SCU at the Yarranbrook site at Inglewood in Queensland, which is currently feeding 18,540 SCU. The greenfield site on Thirsty Creek Road, at Gogango in Central Queensland has approval for a 36,500 SCU feedlot.

In selling these sites, Mort & Co will not only be looking to release the high value of the assets but also find a buyer who is able to expand them to reach their full potential and allow the teams on site the ability to realise the dream Mort & Co shared with them. “This is not the way we envisaged the capital raising heading, but as it is in business, we need to be able to pivot from strategic plans in order to continue to be successful. We have had great loyalty from our 50 plus shareholders – many for more than 20 years, and we must accept that there are changes in their plans too. I believe this new plan will enable the growth at Yarranbrook and Pinegrove that we had hoped for, and for a new feedlot to be built in the heart of cattle country, at Gogango in Central Queensland,” said founder and Executive Chairman, Charlie Mort. Non-Executive Director and long-term shareholder, Richard Hughes says he’s excited to see what the future holds. “I’ve personally and professionally loved every minute of the Mort & Co journey – the growth has been incredible, and I look forward to assisting in the new strategy of the company post sale of our other sites.” CEO, Stephen O’Brien says the sale will provide Mort & Co shareholders with the benefit of a capital inflow while still ensuring a bright future for staff at the established sites, including Grassdale, Australia’s largest feedlot with 78,000 SCU capacity. “These assets are not simply a “bricks and mortar” sale. They are whole business operations made valuable by our people on the ground who continue to keep the Mort & Co brand reputable, with a premium supply chain, long term customers, contracts and operational systems. Many of our employees have been with the company since the beginning of the Pinegrove and Yarranbrook journeys,” said Mr O’Brien. The two feedlot sites and the licence for the greenfield site at Gogango will be advertised in the coming days. For comment from Mort & Co, please contact Marita Taylor; marita.taylor@mortco.com.au T 0475757507 For information about the sale, please contact Jaclyn Hope at LAWD jaclynhope@lawd.com.au