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RNS Number : 8397H  Origin Enterprises Plc  11 June 2026

Origin Enterprises plc

 

Q3 Trading Update

 

Good growth across Agriculture and Living Landscapes despite volatile macro
environment

Full-year adjusted diluted EPS guidance of 52-55 cent

 

Dublin, London, 11 June 2026. Origin Enterprises plc ('Origin' or 'the
Group'), the international group shaping the future of sustainable agriculture
and land use, today announces its FY26 Trading Update for the three months
('Q3') and nine months ended 30 April 2026 ('YTD'), and full-year guidance for
FY26.

 

Highlights and Outlook

·   Revenue growth of 2.7% YTD (5.0% constant currency) to €1.63bn, with
Q3 up 2.9% (4.9% constant currency) reflecting sustained growth across
Agriculture and Living Landscapes, despite geopolitical uncertainty and
continued volatility in agricultural input and commodity markets.

·   Excluding crop marketing, Group revenue increased 3.5% YTD (6.1%
constant currency), driven by 1.2% volume growth, 4.1% pricing and a 0.8%
contribution from acquisitions, partially offset by a 2.6% currency headwind.

·   Agriculture; Revenue increased 2.1% YTD (4.2% constant currency) to
€1.48bn.

o  Volume growth of 0.9%, driven by LATAM and CE, increased pricing of 3.3%,
offset partially by negative currency impact of 2.1%.

o  Pricing reflects higher fertiliser raw material prices in Q3, driven by
supply challenges arising from the closure of the Strait of Hormuz. Good early
season commitment by customers across UK and Ireland businesses ensured strong
product availability and customer supply, although demand remains measured as
growers balance higher input costs with more modest output price increases.

o  Completed bolt-on acquisition of Clarendon Agricare, strengthening
Origin's plant protection distribution capability in Northern Ireland.

·   Living Landscapes; Revenue increased by 9.3% YTD (13.2% constant
currency) to €150.0m, including 5.0% underlying growth and an 8.2%
contribution from acquisitions.

·   Full-year adjusted diluted EPS guidance of 52-55 cent (FY25: 54.21
cent).

·   FY26 Preliminary Results will be announced on 22 September 2026.

·   Capital Markets Day for investors and analysts will be held on 17
November 2026 in London.

 

Origin's Chief Executive Officer, Sean Coyle, commented: "Origin delivered a
good performance in the first nine months, supported by a more balanced and
diversified earnings base across the Group. Agriculture performed well, with
supply chain management aligned to customer demand driving volume growth.
Farmers continue to manage input spend carefully, where crop input inflation,
particularly in fertiliser, has outpaced grain pricing, reflecting market
dynamics following the Middle East conflict and the introduction of CBAM
(Carbon Border Adjustment Mechanism). We continue to monitor geopolitical
developments and mitigate any associated impact through disciplined
procurement, flexible supply channels and local market access. Living
Landscapes has performed well year to date, combining good organic growth with
the benefit of prior year acquisitions. It continues to increase its scale and
contribution to the overall Group supported by long-term demand for specialist
land, environmental and green infrastructure services.

 

In a volatile macro environment, the Group has executed well, maintained
commercial discipline and remains well positioned for operating profit growth
this year, guiding full-year adjusted diluted EPS of 52-55 cent."

 

                                                                                                                    Constant Currency(2)

 Group Revenue - YTD   YTD FY26                             YTD FY25          Variance          Underlying(1)       %

                       €'m                                  €'m               %                 %

 Ireland / UK                             919.0    901.3             2.0%              5.0%               5.0%
 Continental Europe                       447.4    443.8             0.8%              1.7%               1.7%
 Latin America                            112.8    104.3             8.2%              8.0%               8.0%
 Total Agriculture                        1,479.2  1,449.4           2.1%              4.2%               4.2%
 Living Landscapes                        150.0    137.2             9.3%              5.0%               13.2%
 Total Group                              1,629.2  1,586.6           2.7%              4.3%               5.0%

 Total Group (excl Crop Marketing)        1,523.0  1,471.2           3.5%              5.3%               6.1%

 (1) Excluding currency movements and the contribution of acquisitions
 (2) Excluding currency movements

 

Agriculture:

 

Ireland and the UK revenue increased 2.0% YTD (5.0% constant currency) to
€919.0m, supported by a good Q3 performance, with reported revenue up 2.2%
(Q3 FY26: €481.0m). Underlying volumes YTD are broadly in line with the
prior year, with pricing growth of 5.3% partly offset by a 3.1% currency
headwind.

 

Sustainable Agronomy: Q3 activity was strong, supported by a larger UK winter
cropping area, with winter wheat up c.4% year-on-year to c.1.7m hectares. Good
crop establishment supported plant protection demand through the key spring
application period although dry conditions towards the end of Q3 and into Q4
resulted in less disease pressure. Fertiliser revenue reflected higher raw
material pricing, improved volumes and some earlier purchasing as farmers
sought to manage inventory and price volatility. Seed sales remained lower
year-on-year, with farmers increasing the use of saved seed and managing input
spend in a market where input inflation has outpaced output price growth.

 

Soil Nutrition: Strong revenue growth was primarily pricing-led, with average
fertiliser pricing up c.12% YTD, reflecting tighter global raw material
supply, higher production and import costs, CBAM-related pricing effects and
continued global price volatility due to the Middle East conflict. Volumes are
behind prior year primarily driven by the UK as higher prices and on-farm
economics moderated purchasing behaviour.

 

Animal Nutrition: Feed demand has remained strong YTD. Overall volumes are
marginally ahead of a strong prior year comparative. John Thompson & Sons
Limited, the Group's 50%-owned animal feed manufacturing associate, delivered
a solid YTD performance.

 

Continental Europe reported revenue of €447.4m YTD, an increase of 0.8%
(1.7% constant currency) with Q3 growth of 4.2% (Q3 FY26: €213.5m).
Excluding crop marketing, YTD revenue increased by 3.9% to €341.2m,
supported by volume growth of 3.6%, pricing benefit of 1.7% offset by negative
currency movements of 1.4%.

 

In Poland, revenue is behind prior year with performance reflecting a more
measured purchasing environment against a strong prior-year comparative, with
on-farm demand influenced by affordability, prolonged dry cold winter
conditions into the spring and a continued focus on input efficiency. The
total cropping area is expected to be broadly in line with the prior year at
c.8.9 million hectares.

 

In Romania, revenue growth was supported by stronger demand across key input
categories, reflecting the continued rotation towards winter cropping
following recent drought-affected seasons, improved crop establishment and a
more active in-season application period. Customer purchasing remained
prudent, with credit availability a consideration in certain regions and
demand weighted towards cost-effective product choices. Combined winter and
spring plantings are expected to be in line with last year at c.8.3 million
hectares.

 

Latin America delivered revenue of €112.8m YTD, an increase of 8.2% on a
reported basis year-on-year (8.0% constant currency). Underlying YTD
performance was supported by volume growth of 3.1% and pricing of 4.9%, with
continued growth in Controlled Release Fertiliser and Biological products
partially offset by lower volumes in Physiological and Nutrition products.
Brazil's crop outlook remains positive, with expanded soybean planting and
strong production forecasts supporting demand for crop inputs. Farmer
purchasing however remains selective, reflecting lower crop pricing, margin
pressure and a more cautious credit environment across the sector. Currency
movements YTD in the Brazilian Real had a limited translational impact on
reported euro results during the period.

 

 

Living Landscapes:

 

Living Landscapes delivered strong YTD revenue growth of 9.3% to €150.0m,
with Q3 revenue up 3.0% to €63.9m. This reflects good underlying growth of
5.0% YTD and acquisitions contributing 8.2% YTD, demonstrating continued
progress in scaling the platform and increasing its contribution to Group
earnings.

 

Underlying performance was led by Sports, which benefited from improved spring
activity levels and robust demand across the businesses. Environmental
performance was primarily driven by prior year acquisitions, while underlying
activity was supported by continued demand for specialist advisory and project
services in the UK and Irish markets. The timing of contract awards in certain
sectors and markets, however, marginally impacted Q3 performance. Landscapes
continued to benefit from solid demand for green infrastructure products and
amenity products, reflecting positive long-term structural trends. Performance
in the period was subdued somewhat by a more condensed tree planting season
driven by mild and relatively dry conditions.

 

During the period we continued our investment in the Living Landscapes
organisational structure, facilities and IT systems to support the longer-term
organic growth of the business.

 

 

Capital Markets Day:

 

Origin will host a Capital Markets Day for investors and analysts on 17
November 2026 in London, to provide an update on the Group's strategy, capital
allocation framework, medium-term growth priorities, and associated financial
and operational targets across Agriculture and Living Landscapes.

Registration details are available on the Origin website at:
https://originenterprises.com/investors/capital-markets-day-2026/
(https://originenterprises.com/investors/capital-markets-day-2026/) .

 

 

ENDS

 

Enquiries

 

 Origin Enterprises plc
 Colm Purcell
 Chief Financial Officer                            Tel:  +353 (0)1 563 4900

 Brendan Corcoran
 Head of Investor Relations and Group Planning      Tel:  +353 (0)1 563 4900

 Goodbody (Euronext Growth (Dublin) Adviser)
 Jason Molins                                       Tel:  +353 (0)1 641 9278

 Davy (Nominated Adviser)
 Anthony Farrell                                    Tel:  +353 (0)1 614 9993

 Berenberg (Corporate Broker)
 Clayton Bush                                       Tel:  +44 (0)20 3207 7800

 FTI Consulting (Communications Advisers)           Tel:  +353 (0)86 602 5988

 Jonathan Neilan / Patrick Berkery / Conor Pierce

 

 

 About Origin Enterprises plc
 Origin Enterprises plc champions sustainable land use through technically-led
 solutions, empowering our customers to enrich their land so it can achieve its
 true potential. The Group has leading market positions in Ireland, the United
 Kingdom, Brazil, Poland and Romania, and is listed on the Euronext Growth
 Dublin market and the AIM market of the London Stock Exchange.

 Euronext Growth (Dublin) ticker symbol:        OIZ
 AIM ticker symbol:
  OGN
 Website:

 www.originenterprises.com (http://www.originenterprises.com)

 

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