PGG Wrightson ( (PGWFF) ) has released its Q2 earnings. Here is a breakdown of the information PGG Wrightson presented to its investors.
PGG Wrightson Limited is a New Zealand-based company operating in the agriculture sector, providing services such as livestock trading, wool procurement, and real estate transactions. In its latest earnings report for the six months ending December 2024, PGG Wrightson reported an operating EBITDA of $41.4 million, marking a 13% increase from the previous period. The company’s operating revenue rose by 2% to $570.3 million, while net profit after tax increased by 25% to $16.0 million. Key drivers of this performance included strong demand in the livestock sector, a rebound in real estate, and prudent expense management. Despite competitive market conditions, PGG Wrightson maintained its leadership position through valued customer service and technical expertise. Looking ahead, the company remains cautiously optimistic, with expectations of improved economic conditions and a stable agricultural sector, supported by lower inflation, easing interest rates, and strong commodity prices.