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PGG Wrightson Limited (PGWFF) Q2 2026 Earnings Call Transcript

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PGG Wrightson reported strong half-year results for H1 2026, with operating EBITDA rising 11% to $45.7 million, driven by improved trading conditions and operational efficiency. Revenue grew 9% year-over-year to $619.4 million, reflecting higher demand across core agricultural sectors, particularly in seed, retail, and livestock services. Net profit after tax increased 8% to $17.3 million, marking steady profitability growth despite global economic pressures and supply chain challenges. CEO Stephen Guerin highlighted strategic investments in digital agriculture and sustainability initiatives as key drivers for future performance, with a focus on New Zealand’s primary sector. The company’s half-year report, released to the NZX, includes detailed financials and outlook, with leadership emphasizing cautious optimism for FY2026 amid market volatility.
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SA Transcripts158.57K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call PGG Wrightson Limited (PGWFF) Q2 2026 Earnings Call February 23, 2026 4:00 PM EST Company Participants Stephen Guerin - Chief Executive OfficerPeter Scott - Chief Financial Officer Presentation Operator Thank you for standing by, and welcome to the PGG Wrightson Limited Half Year Results Call. [Operator Instructions] I would now like to hand the conference over to Mr. Stephen Guerin, Chief Executive Officer. Please go ahead. Stephen GuerinChief Executive Officer Thank you, Amy. [Foreign Language] Good morning, and welcome to the PGG Wrightson's results briefing for the 6 months ended 31 December 2025. My name is Stephen Guerin, Chief Executive Officer, and I'm pleased to provide you an overview today of our interim results for the 2026 financial year. Joining me on the call are Peter Scott, our CFO; and Julian Daly, General Manager of Corporate Affairs, who is also our Company Secretary. Today, I'll summarize a high level of our financial results and trading performance and will comment on our thoughts on the year ahead. There will be time for questions at the end of my commentary, and I welcome you -- receiving those from you. A more detailed commentary on our half year results are available in our half year report, which we released to the NZX online today. I will present -- not present all of the content outlined in our release, but will summarize key matters so that we can provide -- move on to the more questions and answer time at the end of this call. Turning to the financial performance. Operating EBITDA of $45.7 million was up $4.4 million or 11% on the prior corresponding period. Operating revenue of $619.4 million was up $49.1 million or 9%. Net profit after tax of $17.3 million was up $1.3 million or 8.6 -- sorry, 8% up. Just repeat that again, net profit after tax of $17.3 million was up $1.3 million or

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