Wagners raises A$30m in placement to boost growth initiatives

Wagners Holding Company Limited (WGN) has successfully raised A$30 million through an institutional placement of 11,539,650 new fully paid ordinary shares at an issue price of A$2.60 per share. This price represents a 2.3% discount to the last traded price of A$2.66 on September 5, 2025. The new shares will be issued under the company's existing Listing Rule 7.1 capacity, with allotment and normal trading expected by September 12, 2025.

The proceeds from the placement will primarily be allocated to pursue growth strategies within Wagners' Construction Materials and Composite Fibre Technologies businesses. This includes approximately A$12 million for expanding the Composite Fibre Technologies pole manufacturing plant and equipment, and approximately A$17 million for increasing Construction Materials manufacturing capacity, primarily fixed concrete plants. The remaining A$1.2 million will cover offer costs and fees.

This strategic investment aims to enhance capacity and support future growth, building on a strong FY25 performance that saw an Operating EBIT margin of 9.7% and a net profit before tax of A$32.6 million. Wagners anticipates continued market growth, especially in South-East Queensland, driven by Olympic infrastructure requirements and residential housing construction.