Wagners Posts $22.7M Profit, $431M Revenue; Forecasts Up to $56M EBIT in FY26

• FY25 revenue of $431 million and NPAT of $22.7 million, more than double prior year
• Construction Materials and Composite Fibre Technologies segments show significant growth
• $30 million capital raised in September placement for expansion projects
• FY26 EBIT forecast between $52 million and $56 million, supported by new plant openings
• Strong demand linked to Southeast Queensland construction and Brisbane 2032 Olympics infrastructure

Robust Financial Performance in FY25

Wagners Holding Company Limited has delivered a standout financial performance for the 2025 fiscal year, with revenue reaching $431 million and net profit after tax more than doubling to $22.7 million. This surge was underpinned by improved market conditions, operational efficiencies, and strong demand across its core businesses.

The Construction Materials division saw a 19% revenue increase and a 25% rise in earnings before interest and tax (EBIT), benefiting from sustained construction activity in Southeast Queensland. Cement volumes remained stable but margins improved through pricing and efficiency gains, while concrete volumes grew significantly, aided by the opening of the new Yatala plant.

Composite Fibre Technologies Gain Momentum

The Composite Fibre Technologies (CFT) business emerged as a key growth driver, with revenue increasing 15% to $68.4 million and EBIT soaring to $9.8 million from just $0.4 million the previous year. Rising demand for composite cross arms and power poles, particularly from utility networks, alongside manufacturing efficiencies, contributed to this strong result.

Wagners highlighted the success of its R&D efforts, which have enhanced product reliability and environmental benefits, positioning the company well for future infrastructure needs.

Strategic Capital Raising and Expansion Plans

In September, Wagners secured $30 million through a placement to institutional investors, both existing and new. While the initial use of funds was debt reduction, the capital will primarily support expansion of the concrete plant network and growth of the CFT business in Australia and the United States.

New plants at Slacks Creek and Wulkuraka are set to open imminently, with additional sites progressing through approvals. This expansion aims to meet growing demand driven by residential housing and infrastructure projects, including those related to the Brisbane 2032 Olympics.

Positive Outlook for FY26 and Beyond

Wagners forecasts a half-year EBIT between $31 million and $33 million, and a full-year EBIT ranging from $52 million to $56 million for FY26. The company expects concrete volumes and margins to improve further, supported by operational efficiencies and new plant capacity.

The CFT segment anticipates doubling pole sales compared to FY25, with steady cross-arm demand and improved margins. The US CFT business, which had a slow start to FY26, aims to break even this year after a loss in FY25.

Commitment to Safety and Sustainability

Wagners reaffirmed its commitment to safety and sustainability, noting ongoing efforts to improve environmental outcomes through product innovation. The company acknowledged upcoming climate-related disclosure requirements but remains cautious about their immediate benefits.

Leadership emphasized the importance of long-term value creation for shareholders, communities, and the environment, aligning with the company’s strategic growth ambitions.

Bottom Line?

With strong momentum and strategic investments underway, Wagners is poised to capitalize on Southeast Queensland’s construction boom and emerging infrastructure demands.

Questions in the middle?

• How will climate-related disclosure regulations impact Wagners’ operations and investor perceptions?
• What are the key risks to achieving the ambitious FY26 EBIT forecast amid fluctuating project pipelines?
• How quickly can the US Composite Fibre Technologies business scale to profitability?