Wagners Holding Company (WGN) H2 2026 earnings summary

Executive summary

• FY26 delivered strong revenue growth to $503.9 million, up 17% year-over-year, with NPAT rising 79% to $40.6 million and operating EBIT up 61% to $67.2 million, exceeding guidance.

• Growth was driven by sustained demand and improved pricing and volumes in Construction Materials (+28%) and Composite Fibre Technologies (+36%).

• Strong operating cash flow enabled significant capital investment, network expansion, and a reduction in net debt by $33.2 million to $0.8 million.

• Fully-franked FY26 dividend of 5 cents per share declared.

Financial highlights

• Revenue reached $503.9 million (+17% YoY); Construction Materials revenue was $328.2 million (+28%), and CFT revenue was $93.4 million (+36%).

• Operating EBIT was $67.2 million (+61%), with EBIT margin improving to 13.3% from 9.7%.

• NPAT was $40.6 million (+79%), and EPS increased to 20.5 cents from 12.1 cents.

• CapEx spend was $51.2 million, significantly higher than the prior year.

• Net debt reduced to $0.8 million from $34 million.

Outlook and guidance

• Market growth in FY27 expected, supported by Olympic infrastructure, major projects, and strong residential demand in Southeast Queensland.

• Expansion of concrete plant network and increased capacity in cement, quarries, and CFT planned.

• CFT demand expected to grow in Australia, New Zealand, and the US, with new markets targeted.

• Project Services earnings to improve with new contracts and reduced maintenance costs.

• Some input cost challenges anticipated in cement due to global events and rising raw material costs.