New Zealand · Delayed Price · Currency is NZD PGG Wrightson Earnings Call Transcripts
Fiscal Year 2026
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EBITDA rose 11% and revenue 9% year-over-year, with strong gains in livestock, wool, and real estate. Full-year EBITDA guidance of NZD 64 million reaffirmed, supported by favorable commodity prices and strategic acquisitions.
Fiscal Year 2025
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The meeting highlighted strong financial growth, strategic acquisitions, and a refreshed vision, with a focus on sustainability and innovation. Dividend policy remains flexible, and the outlook is positive despite sector-specific challenges.
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Revenue and profit surged year-over-year, driven by strong commodity prices and improved sector sentiment. Strategic acquisitions and IT investments supported growth, while net debt remained stable. Positive outlook persists despite trade uncertainties.
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Operating EBITDA rose 13% to NZD 41.4 million and net profit after tax increased 25% year-over-year, driven by improved Rural Supplies, strong beef demand, and a real estate rebound. Full-year EBITDA guidance is reaffirmed at NZD 51 million amid rising farmer confidence and positive sector outlook.
Fiscal Year 2024
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The meeting addressed a challenging year marked by lower revenue, profit, and no dividend, with a focus on prudent cash management and IT investment. Governance stability was reaffirmed after a board challenge, and sustainability progress was highlighted. Shareholders approved director re-elections and auditor remuneration.
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Operating EBITDA and NPAT declined sharply year-over-year due to challenging sector conditions, with revenue down and no final dividend declared. Cost controls and IT investments are underway, with operational efficiencies expected from FY2026. Outlook remains cautious but shows early signs of recovery.