Wagners Holding Company reported a 61% year-over-year increase in operating EBIT to $67.2 million for the fiscal year ended June 30, 2026, surpassing the top end of its guidance range of $62–66 million. Revenue rose 17% to $503.9 million, while net profit after tax surged 79% to $40.6 million.
The company’s EBIT margin expanded by 360 basis points to 13.3%, up from 9.7% in FY25, driven by broad-based improvements across its segments. Gross profit increased 17% to $164.2 million, with gross margins improving slightly to 32.6%. Operating EBITDA climbed 35% to $89.0 million. Shares fell 3.94% to $4.14 following the presentation, reducing the stock’s 52-week high of $5.04.
Net debt declined sharply to $0.8 million from $34.0 million at June 30, 2025, while gross debt decreased from $57.0 million to $21.4 million. The company held $20.6 million in cash and reported a full-year dividend of 5 cents per share, payable in October. Operating cash flow rose to $63.1 million from $55.5 million, with CapEx totaling $51.2 million, primarily allocated to fixed concrete plant expansion and mobile equipment upgrades.
Wagners’ Construction Materials segment delivered a 28% revenue increase to $328.2 million, with segment EBIT up 41% to $56.0 million. Cement volumes rose 11%, while concrete volumes surged 55% following the opening of two new plants in Slacks Creek and Wulkuraka. The segment’s EBIT margin improved 170 basis points to 17.1%.
Composite Fibre Technologies (CFT) revenue grew 36% to $93.4 million, with segment EBIT rising to $18.1 million. The segment’s EBIT margin expanded by 510 basis points to 19.4%, supported by a 206% increase in pole sales in the ANZ region and a 97% revenue jump in the USA, where it achieved its first full-year positive operating EBIT.
Project Services revenue declined 22% to $82.2 million due to the completion of two major haulage projects, though segment EBIT increased to $8.1 million and margins improved to 9.9%. Management noted the renewal of two bulk haulage contracts with a 2% EBIT margin expansion, alongside mobilization for a new concrete project slated for FY27 completion.
