PGG Wrightson Limited Analysis

Overview

PGG Wrightson Limited (PGW) is an agricultural services business operating throughout New Zealand for more than 160 years. The company provides an extensive range of products and a full-service offering, complimented with the knowledge and expertise of our people, to the rural sector.

PGW's enduring relationships with the rural community, technical expertise, focus on innovation, along with its nationwide presence, place it in an enviable position of being one of the best-known and most respected agricultural brands in New Zealand. PGW is a market leader in many of the segments in which it operates including rural retail supplies, livestock, wool, pasture improvements, horticulture, animal health and nutrition, water, real estate, as well as technical advice and support.

To service the needs of its more than 60,000 customer accounts PGW employs over 1,800 people in over 100 locations throughout the country. PGW's people are key members of the rural communities in which they live and work alongside their customers, which in many cases results in a trusted advisor relationship often spanning a number of generations.

Performance

The following information was extracted from PGG Wrightson Limited's Full year results released, 12 August 2025

Key results for the year to 30 June 2025 include:

• Operating Revenue of $975.3 million (up $59.4 million or 6 % on prior financial year)
• Operating EBITDA of $56.1 million (up $12.0 million or 27 % on prior financial year)
• Net profit after tax of $10.7 million (up $7.6 million or 248 % on prior financial year)
• Fully imputed final dividend of 4 cents per share, (6.5 cents per share for full year)

PGW Chair, Garry Moore said “We are pleased to report improved results on the prior year, as the agri-sector continued to recover. Operating Revenue was up $59.4 million and Operating EBITDA up $12.0 million on the prior year. We have seen a shift in key markets and have been able to respond positively to that turnaround.

“While the operating environment over the year was more challenging in the retail space, we are pleased to see the business continue to consolidate and grow market share. Our Retail & Water group revenue was up $39.4 million on the prior year, with the performance at an Operating EBITDA level also seeing improvement of $1.1 million or 3 % year-on-year.