PGG Wrightson (PGW) investor relations material

Executive summary

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

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

• Interim dividend of 4.5 cents 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 $4.4 million to $45.7 million; operating revenue rose by $49.1 million to $619.4 million.

• Net profit after tax grew by $1.3 million year-over-year.

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

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

• Basic EPS for the half year was 0.229 NZD.

Outlook and guidance

• Full-year FY2026 Operating EBITDA guidance reaffirmed at around $64 million.

• Positive operating environment expected, with strong demand and favorable commodity prices.

• Optimistic outlook for the rural sector, supported by dairy profitability and lower interest rates.

• Red meat, wool, and horticulture segments forecast to continue growth, while viticulture and arable cropping face subdued demand.