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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
PRL Global
PRL Global (PRG) investor relations material
PRL Global H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary27 Aug, 2026
Executive summary
Revenue grew 52.5% year-over-year to $2.26bn, driven by strong fertiliser trading and the acquisition of the Ardmore mine in Queensland.
Net profit after tax attributable to members rose 26.1% to $13.7m, with EPS up 30% to 12.36 cents.
The business restructured into Mining and Fertilisers segments, reflecting a deliberate diversification strategy.
The Ardmore acquisition and integration were completed, with rapid ramp-up and transition to bulk logistics.
Board declared fully franked dividends of 5 cents per share, up from 4 cents last year.
Financial highlights
Revenue: $2.26bn, up 52.5% year-over-year.
Net profit after tax: $13.7m, up 26.1% year-over-year.
EPS: 12.36c, up 30% year-over-year.
Fertilisers segment contributed $1.97bn revenue (87.2% of total), up over 80% year-over-year.
Mining segment revenue: $90.1m, up 35% year-over-year.
Cash balance at year-end: $73.4m.
Total assets: $538.8m; net assets: $273.6m.
Outlook and guidance
Focus on scaling Ardmore operations and deepening fertiliser business.
Ongoing negotiations to extend Christmas Island mining lease to 2047.
Well positioned to leverage improving fertiliser markets and internal efficiencies.
Expectation to sustain viable mining operations at Christmas Island through 2034 and Ardmore through 2038.
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Latest events from PRL Global
- Revenue rose 17% to $1.48bn, with strong logistics growth and major leadership transition.PRG
H2 2025 - Net profit surged 71% to $12.8M on 64% higher revenue, with strong fertiliser and logistics growth.PRGH1 2026
- Strong FY2025 growth, strategic mine acquisition, and leadership renewal drive future prospects.PRGAGM 2025 Presentation
- Revenue up 15% to $1.27b, net profit down 13% to $21.9m, CKP divested, special dividends paid.PRGH2 2024
- Net profit declined to $7.47M despite revenue growth, with fertiliser leading earnings.PRGH1 2025
Next PRL Global earnings date
H1 202724 Feb, 2027
PRL Global
Next PRL Global earnings date
H1 202724 Feb, 2027
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Frequently asked questions
PRL Global Limited is an Australian company focused on sustainable waste management solutions, particularly in the recycling of end-of-life tires. The company uses a proprietary thermal desorption technology to process used tires, converting them into valuable byproducts such as fuel oil, carbon char, and steel. These materials are then repurposed for use in various industries, supporting environmental sustainability and waste reduction. The company is headquartered in Stapylton, Australia, and its shares are listed on the ASX.