Wagners Holding Company reported a 61% year-on-year surge in operating EBIT to $67.2 million for the fiscal year ended June 30, 2026, driven by margin expansion across its core segments. Revenue rose 17% to $503.9 million, while net profit after tax increased 79% to $40.6 million.
The company’s shares fell 3.94% to close at A$4.14 on Tuesday, trading below its 52-week high of A$5.04 but well above the low of A$1.895. A full-year dividend of 5 cents per share was declared. Net debt declined sharply to A$0.8 million from A$34.0 million a year earlier, supported by A$35.7 million in debt repayments and A$28.7 million raised in a capital placement in September 2025.
Gross profit increased 17% to $164.2 million, with gross margin steady at 32.6%. Operating EBIT margin expanded by 360 basis points to 13.3%, while net profit before tax rose to $58.1 million from A$32.6 million in FY25. Cash flow from operations increased to $63.1 million, up from A$55.5 million in the prior year.
Capital expenditure totaled A$51.2 million, allocated primarily to concrete plant network expansion, mobile equipment upgrades, and capacity improvements in cement, quarries, and CFT manufacturing. The Caboolture plant, expected to begin operations before December 2026, is projected to contribute meaningfully to results from February or March 2027.
Segment performance varied by division. Construction materials revenue rose 28% to A$328.2 million, with EBIT up 41% to A$56.0 million. Cement volumes increased 11%, driving a 14% revenue rise and a 260-basis-point EBIT margin improvement. Concrete volumes surged 55%, translating to 66% revenue growth, supported by the opening of two new plants at Slacks Creek and Wulkuraka. Quarry volumes climbed 23%, with EBIT margin improving by 5 percentage points.
Composite Fibre Technologies (CFT) revenue grew 36% to A$93.4 million, with EBIT rising to A$18.1 million. EBIT margin expanded by 510 basis points to 19.4%. Crossarm sales in Australia and New Zealand increased 18%, while pole sales jumped 206% year-on-year. The U.S. operation, which achieved its first full-year positive operating EBIT, reported a 97% revenue increase and secured initial orders from Californian electricity networks.
Project services revenue declined 22% to A$82.2 million due to the completion of two major haulage projects in FY25. EBIT rose to A$8.1 million, with EBIT margin expanding to 9.9%. Renewed bulk haulage contracts included a 2% EBIT margin uplift over five years.
