PGG Wrightson (PGW) investor relations material

Executive summary

• Operating EBITDA for the half year ended 31 December 2025 was NZD 45.7 million, up 11% year-over-year, with operating revenue of NZD 619.4 million, up 9% year-over-year.

• Net profit after tax rose 8% to NZD 17.3 million.

• Interim dividend of NZD 0.045 per share declared, payable in April 2026.

• Strategic initiatives included the acquisition of Nexan Group and the launch of Blue Ag™ private label ag-chem range.

Financial highlights

• Operating EBITDA increased by NZD 4.4 million to NZD 45.7 million; operating revenue rose by NZD 49.1 million to NZD 619.4 million.

• Net profit after tax was NZD 17.3 million, up NZD 1.3 million from the prior period.

• Operating cash outflow was NZD 49.9 million, NZD 18.9 million higher than the prior period due to seasonal working capital increases.

• Net interest-bearing debt rose to NZD 170.7 million, up NZD 64 million from December 2024.

• Basic EPS for the half year was 0.229 NZD.

Outlook and guidance

• Full-year operating EBITDA guidance maintained at NZD 64 million.

• Positive outlook for dairy, red meat, and wool sectors, with strong commodity prices and export demand.

• Rural real estate and broader economic indicators expected to support continued growth.

• Viticulture and arable sectors experienced weaker demand.