Wagners Holding Company Ltd (WGN) posted a 78.4% increase in net profit after tax to A$40.5 million for the fiscal year ended June 30, 2026, as revenue rose 16% to A$500.1 million. Operating EBIT climbed 53% to A$67.2 million, while net debt fell sharply to A$0.8 million from A$34 million a year earlier.
The Construction Materials segment drove growth, with revenue up 28% to A$328 million. Concrete volumes surged 55%, lifting revenue 66%, while cement volumes rose 11% and quarry volumes increased 22%. Composite Fibre Technologies (CFT) revenue advanced 38% to A$93.4 million, with utility infrastructure poles sales up 200% and crossarm sales up 15%. Project Services EBIT improved to A$8.1 million despite lower revenue, supported by renewed haulage contracts and reduced fleet maintenance costs.
Capital expenditure totaled A$51.1 million, funded in part by a A$30 million institutional placement in September 2025. The company declared a final dividend of A$0.05 per share for FY26, while its return on equity stood at 18% and the P/E ratio was 26.27.
Shares fell 3.94% to A$4.14 following the results, extending a decline from the 52-week high of A$5.04. Management highlighted cost pressures from global clinker and shipping expenses, particularly at the Pinkenba Cement Plant, where further investment is planned. CFT expansion includes two new machines in Australia and a pultrusion machine being commissioned in Texas by late 2026.
Cameron Coleman, CEO, said FY26 marked a strong year with growth across all key businesses, adding that the concrete division’s expansion enhanced the group’s vertically integrated model. He noted at least 12 months of forward work in Southeast Queensland, supported by infrastructure, housing, and Olympic-related demand, though no specific financial targets were provided for FY27.
