PGG Wrightson forecasts $60m operating ebitda

PGG Wrightson, the agricultural services company, has provided a positive market update for the financial year ending June 2026.

Chair, Garry Moore, expressed cautious optimism, anticipating a full-year operating ebitda forecast of over $60 million.

This is higher than the $56.1m achieved in the previous financial year.

The company attributed the strong rebound in the agricultural sector in 2025 to buoyant export commodity prices and solid consumer demand, which boosted confidence in production decisions.

However, it acknowledged that forward-looking sentiment is not uniform across the sector, with arable farming, viticulture, and strong wool facing a more challenging operating environment.

Despite this, the outlook for dairy, red meat, and horticulture crops, particularly kiwifruit and apples, remains positive.

PGG Wrightson said confidence in the rural real estate market is expected to continue, with quality listings attracting interest and farm sales.

It also noted that customers are using elevated farmgate returns to reduce debt and are now re-engaging in investment decisions.