Wagners reports strong FY25 profit, increases dividend despite revenue dip

Wagners Holding Company Limited reported a net profit after tax of AUD 22,716k for FY25, a 120% increase from AUD 10,282k in FY24, despite a 10.4% decline in revenue to AUD 431,268k. This growth was primarily fueled by a 19% revenue increase in Construction Materials to AUD 257.0 million and a 15% increase in Composite Fibre Technologies (CFT) revenues to AUD 68.4 million. The company's Operating EBIT also saw a 9% rise to AUD 41,770k.

Shareholders will receive a fully franked final dividend of AUD 0.032 per share, payable on October 8, 2025, to shareholders of record on September 10, 2025. This marks an increase from the 2.5 cents per share paid in FY24. The strong financial performance enabled Wagners to acquire AUD 15 million of land for future concrete plant sites and reduce its net debt by 29% to AUD 34.0 million.

The company's strategy focuses on expanding its concrete plant and quarry networks in South East Queensland, growing its CFT business with new product offerings and manufacturing facilities in the USA, and pursuing major project opportunities. Wagners anticipates continued market growth with Olympic infrastructure requirements and a strong residential housing sector in South-East Queensland for FY26.