PGG Wrightson (PGW) AGM presentation 2025 summary

Financial performance and highlights

• Operating EBITDA reached $56.1 million, up 27% from the prior year, with operating revenue at $975.3 million, a 6% increase year-on-year.

• Net profit after tax was $10.7 million, a 248% increase from the previous year.

• Fully imputed dividends totaled 6.5 cents per share for the year.

• Achieved a 22% reduction in greenhouse gas emissions since FY21 and all sites are now supplied by renewable energy.

• Released a comprehensive Climate Transition Plan, aligning with New Zealand's decarbonisation goals.

Strategic priorities and initiatives

• Refreshed purpose and vision focus on empowering farmers and growers through expert knowledge and confidence.

• Strategic priorities include customer-focused innovation, differentiated offerings, investment in people, sustainability, and performance measurement.

• Acquired Nexan Group to vertically integrate animal health products and launched the proprietary BlueAG ag-chem range.

• Invested in a dedicated R&D site to expand scientific trials and product development.

Business unit performance

• Retail & Water group achieved operating EBITDA of $42.2 million, up 3%, with revenue rising 5% to $773.0 million.

• Agency group (Livestock, Wool, Real Estate) saw operating EBITDA rise 91% to $23.5 million, with revenue up 11% to $201.0 million.

• Livestock business benefited from record cattle prices and strong demand, while wool prices improved but challenges remain.

• Real estate activity increased significantly, supported by improved sector confidence and easing interest rates.