Origin Enterprises (OIZ) Q4 2026 earnings summary

Executive summary

• Delivered resilient operating results in FY26 despite significant challenges in European agriculture, including drought and input cost inflation, with balanced growth across Latin America, Animal Nutrition, and Living Landscapes offsetting softer European markets.

• Group operating profit exceeded €100 million, with constant currency growth just under 3%.

• Living Landscapes division now contributes about 20% of group operating profit, reflecting successful diversification and expansion through organic growth and acquisitions.

• Five-year strategic cycle concluded with a 44% increase in cumulative operating profit versus the prior period, exceeding the five-year operating profit ambition.

Financial highlights

• Group revenue reached €2,118.2 million, up 2.3% year-over-year in constant currency.

• Group operating profit reached €100.7 million, up 1.8% year-over-year (+2.8% constant currency).

• Living Landscapes operating profit rose 10.1% to €17.7 million; margin held at 8.9%.

• EPS was €0.5351, up 0.4% in constant currency.

• Free cash flow was €43.3 million, with an 87.7% conversion rate.

• Net debt at year-end was €77.8 million (0.71x EBITDA).

Outlook and guidance

• Early trading in FY 2027 is in line with expectations, with strong early sales in seed, fertilizer, and Living Landscapes.

• Farm sentiment has improved due to better output prices and early harvests; planting intentions stable or slightly higher in key regions.

• No formal outlook provided until Q3 trading update; comfortable with current analyst expectations.

• Well-invested platform positions the group for the next phase of value creation, with a focus on organic growth, integration, and complementary M&A.

• Capital Markets Day scheduled for November 17, 2026, to outline future strategy.