PGG Wrightson (PGW)•HY26•Released 24 February 2026PGG Wrightson HY26: earnings grew, cash burn worsenedRevenue and EBITDA improved, but a larger first-half cash outflow and an 80% dividend increase make the capital-allocation read tighter.Published 20 April 2026Read briefing→
PGG Wrightson (PGW)•FY25•Released 12 August 2025PGG Wrightson FY25: EBITDA recovered, but working capital consumed the cash storyRevenue and operating EBITDA improved, but receivables stretched, free cash flow turned negative, and leverage rose.Published 20 April 2026Read briefing→
PGG Wrightson (PGW)•HY25•Released 25 February 2025Operating EBITDA up 13% but operating cash flow collapsed to -$31mPGW's earnings recovery is real but cash conversion has deteriorated sharply, with receivables stretching and the dividend unfunded by free cash flow.Published 21 April 2026Read briefing→
PGG Wrightson (PGW)•FY24•Released 13 August 2024PGW Operating EBITDA missed $50m guidance, fell 27.8% to $44.2mA sharp second-half deterioration delivered a near-loss in H2, cancelled the final dividend, and lifted net debt/EBITDA to 1.34x despite strong...Published 21 April 2026Read briefing→
PGG Wrightson (PGW)•HY24•Released 19 January 2024EBITDA halved to $25.1m despite revenue up 16.7%Top-line growth masked a sharp margin compression, a leverage spike to 6.7x net debt/EBITDA, and a 42% cut to the interim dividend.Published 22 April 2026Read briefing→