PGG Wrightson Limited Analysis

Overview

PGG Wrightson Limited (PGW) is a market leading, full-service agricultural supplies and services business that has operated across New Zealand’s rural supply chain for nearly 175 years.

PGW is recognised for its enduring relationships with rural communities, technical expertise, and commitment to innovation. Its nationwide footprint and long-standing reputation make it one of the country’s most respected agricultural brands

The company delivers an extensive range of products and services to the rural sector through its Retail & Water and Agency divisions, supported by the technical knowledge and expertise of its people.

• Retail & Water includes a Rural Supplies network of stores focussed on farming inputs and Fruitfed Supplies stores with a horticultural focus with approximately 90 retail operations nationwide and online. PGW Water offers full-service water and irrigation solutions for farms and orchards. Agritrade, PGW’s wholesale business division, manufactures, sells, and distributes products that enhance farmer and grower productivity, as well as providing sales support and supply chain services.
• Agency includes Livestock, Wool, and Real Estate. PGW runs some of New Zealand’s biggest livestock sales through saleyards, auctions, private and on-farm sales, and an online platform. PGW Wool is a broker, logistics provider, exporter, and international marketer for all types of wool. PGW Real Estate is a nationwide non-franchised real estate company servicing all property categories with expertise in the farm, orchard and lifestyle markets across rural New Zealand

Performance

The following information was extracted from PGG Wrightson Limited's Half year results, released on 24 February 2026:

GROUP PERFORMANCE & INTERIM DIVIDEND

PGG Wrightson Limited (PGW) today announced its results for the half-year. Key items for the first six months to 31 December 2025 include:

• Operating EBITDA of $45.7 million (up $4.4 million or 11%*).

• Operating Revenue of $619.4 million (up $49.1 million or 9%*).

• Net profit after tax of $17.3 million (up $1.3 million or 8%*).

• Interim dividend declared of 4.5 cents per share.

• Reaffirmed FY26 full year Operating EBITDA guidance of around $64 million.

(* compared to the prior corresponding six months to 31 December 2024)

PGW Chair, John Nichol said “PGW delivered positive and improved performance in the first six months of the financial year, reflecting both pleasing operating execution and a generally supportive market environment across the export sector for New Zealand’s primary producers.

The first half was characterised by favourable commodity pricing across a number of key segments for PGW’s customers. Positive export pricing for kiwifruit and apples resulted in good demand for PGW’s products and advisory services. By contrast, the viticulture and arable sectors experienced weaker demand.