PGG Wrightson (PGW) H2 2025 earnings summary

Executive summary

• Operating revenue reached $975.3 million, up 6% year-over-year, with operating EBITDA up 27% to $56.1 million and net profit after tax up 248% to $10.7 million.

• The year marked a rebound in the agricultural sector, with improved farmer sentiment, strong commodity prices, and increased rural real estate activity.

• Strategic initiatives included the acquisition of Nexan Group and the implementation of the Microsoft D365 Enterprise reporting platform.

Financial highlights

• Operating revenue increased by $59.4 million year-over-year to $975.3 million.

• Operating EBITDA rose by $12 million to $56.1 million, and net profit after tax increased by $7.6 million to $10.7 million.

• Final dividend of $0.04 per share, totaling $0.065 per share for the year.

• Cash flows from operating activities were $12.4 million, with capital expenditure of $17.4 million.

Outlook and guidance

• Strong commodity prices and easing interest rates are expected to support continued sector growth in FY 2026.

• Confidence in rural real estate and export markets is expected to persist, though challenges remain in arable, viticulture, and strong wool sectors.

• Geopolitical tensions and increased tariffs, especially from the U.S., present ongoing uncertainties.