Header Image

Helping grow
the country

< Back to Latest News
23 February 2021

PGG Wrightson announces strong FY21 half year result and dividend

PGG Wrightson Limited (“PGW”)* today announced its results for the first half of FY21.

PGW Chairman Rodger Finlay said “Our strong half year results reflect well on the health of the business and the performance of our people as they continue to deliver for our customers in the agri-sector that is the powerhouse of New Zealand’s economy. It is particularly pleasing to be able to report that our Operating EBITDA for the six months to 31 December 2020 was $42.1 million; up 21% on the same period last year (1H20, $34.7 million).”

Key highlights of the first six months to 31 December 2020 included:

  • Revenue of $499.3 million (up 6%)
  • Operating EBITDA** of $42.1 million (up $7.4 million or 21%)
  • Net Profit after Tax (“NPAT”) of $18.0 million (up 41%)
  • Fully imputed interim dividend of 12 cents per share
  • Very strong performances from our Retail, Livestock and Real Estate businesses
  • Strong balance sheet and improvement in cash flows from the prior comparative period
  • Reconfirmed full year Operating EBITDA guidance of around $57 million


Read the full announcement here >

Related Articles

BrokerWeb Risk Services to provide leading insurance solutions to PGG Wrightson customers

19 February 2021

PGG Wrightson Limited (NZX: PGW) and BrokerWeb Risk Services Limited (BWRS) today announced that BWRS will provide insurance broking services to PGW’s customers and the wider rural community.

PGW CEO, Stephen Guerin said “We are delighted to announce this relationship with BWRS based on our shared vision to provide customers with a bespoke insurance offering through a seamless service.”

John Chandler, BWRS CEO, echoes Stephen’s comments, “This relationship has a strong strategic fit as BWRS already has a solid presence in the rural sector and our association will provide a landmark opportunity to jointly grow our existing rural and agribusiness customer base for the mutual benefit of both organisations and our customers. BWRS looks forward to building long-term relationships with PGW and its customers. Our brokers are excited by the opportunity to work closely with PGW’s customers to discover their needs and design tailored solutions that will work for them and protect their interests."

Like PGW, BWRS has a nationwide reach. BWRS’s brokers have local knowledge and its customers have easy personal access to market-leading insurance products and risk advice. Both PGW and BWRS place customers at the centre of everything they do and focus on building enduring relationships by working together and delivering outstanding service.

About PGW

PGW is a market leading, full-service agricultural supplies and services business operating across the rural supply chain throughout New Zealand for more than 165 years. PGW’s technical expertise, nationwide presence, focus on innovation, and enduring relationships with the rural community place them in the enviable position of being one of the best-known, respected, and trusted agricultural brands in the country.

PGW has more than 1,800 people located in over 170 sites around the country offering superior specialist knowledge and expertise. With more than 56,000 customer accounts and over 31,000 products, the majority of their customers’ purchases are repeat business and necessities for the success of their businesses.

About BWRS

BWRS is New Zealand’s largest independent insurance broker. The company specialises in the provision of quality insurance broking and risk management solutions for corporate, commercial, rural, and domestic insurance buyers. BWRS supports rural insurance buyers with their total insurance and risk management needs with products designed to protect the assets of both agricultural and rural based businesses. BWRS has a strong reputation for achieving and maintaining competitive premium pricing for clients.

BWRS has approximately 150 staff servicing more than 25,000 clients across their nationwide branches, as well as their associate business network. BWRS’s brokers are supported through their partnership with ASX listed company AUB Group, Australasia’s largest equity-based insurance broker network.



PGW may be entitled to a commission for its referral service provided to BWRS. PGW does not provide insurance, insurance advice, or financial advice. PGW may, with customer consent, manage payment of customers’ insurance premiums to BWRS or customers’ insurance provider.

For media enquiries contact:

Amanda Dick, PGW – 027 247 5972
Carla Gilmour, BWRS – 021 024 27312

New purpose-built store for Alexandra

18 February 2021

PGG Wrightson (PGW) officially opened its new purpose‐built Rural Supplies and Fruitfed Supplies store on Thursday, 11 February to service the wider Alexandra area. The ribbon was cut by Mrs Elisabeth Hinton who is a longstanding customer and the first person to purchase from the new store.

The Alexandra store brings together our Fruitfed Supplies and Rural Supplies businesses in a combined store on MacLean Road in the Alexandra Business Park. The store offers a generous retail store, a bulk warehouse and delivery yard, and regional offices. The PGW Real Estate office remains in Tarbert Street.

PGW’s General Manager Retail & Water, Nick Berry, said “This new 1,300 square metre purpose-built building allows for an improved customer experience with the opportunity to expand the existing product range and stock new products. We look forward to welcoming our loyal and new customers to this modern store.”

John O’Neill, PGW’s Lower South Island Regional Manager, says the concept of a new combined Fruitfed Supplies and Rural Supplies store has been under consideration for Alexandra for some time. “With continued horticulture and agriculture developments around the region, we are now well positioned to continue to assist our grower and farmer customers grow their businesses.”

The Alexandra building is an integral part of the wider PGW store network, which has 92 Rural Supplies and Fruitfed Supplies stores throughout Aotearoa New Zealand. In addition to the store, the building will accommodate representatives from our retail, livestock, and wool businesses.

For more than 165 years our people have been key members of the rural communities in which they live and work alongside their customers. As a result, we have been part of and have supported rural communities for multiple generations. Throughout the years our stores have innovated and adapted to meet the changing and diverse needs of our customers. Whether it is technical expertise, industry knowledge or on-farm solutions, you can rely on us to deliver professional service with integrity.

Alexandra Store Opening

For media enquiries please contact:

Amanda Dick
Group Investment & Media Relations Analyst
PGG Wrightson Limited
Mobile: +64 27 247 5972

The PGG Wrightson Livestock Report 12 February 2021

15 February 2021
Listen now as The Country's Jamie Mackay is joined by PGG Wrightson's Product Manager for Bidr, Liam Beattie, to talk about New Zealand's livestock market platforms such as Bidr became a bit of a "cloud with a silver lining" during New Zealand's Covid-19 lockdown, Mackay said.
Beattie explained that this was an upside as there was phenomenal interest in livestock trading online.
However, this was hampered by the industry supply chain being clogged due to droughts, exports and overseas markets, as well as social distancing factors at meat works, Beattie said.
The success story from all this was the development of their hybrid auction trading platform with participants from around the country (and internationally) both viewing and bidding at online auctions.
Hybrid online auctions systems provided added value to the sale of livestock as it gave buyers the opportunity to either be onsite to view the stock or to participate in an online capacity. Beattie added that it broaden the reach of sellers.
Beattie didn't feel as though online transactions meant the end for sale yards, due to sale yards dealing in small numbers.
Mackay agreed, saying "you can't have a cup of tea with other cockies online".

Share this page