New Zealand's Skellerup FY26 profit jumps 18% to record; revenue rises

Skellerup Holdings

19/08/2026 21:45

Overview
New Zealand industrial and agri products maker's FY26 revenue rose 10% compared to pcp
Normalised net profit after tax up 18% to record NZ$64.2 mln for FY26
Company raised total FY26 dividend 18% to 30.0 NZ cents per share

Outlook
Skellerup anticipates FY27 investment in processes, people and market development will slow earnings and NPAT growth
Company plans to increase European sales by establishing distribution capability in early FY27
Co expects 26 initiatives at five sites to reduce scope 1 and 2 emissions 7%, supporting a 1.5°C pathway through 2031

Result Drivers
INTERNATIONAL SALES - Co said revenue growth in US, UK, Asia, and Australasia drove record results in both Industrial and Agri divisions
DAIRY CONSUMABLES DEMAND - Higher sales of dairy liners and tubing in US, Europe, and NZ supported Agri division growth
SUPPLY CHAIN & TARIFF MANAGEMENT - Co said it mitigated supply chain disruptions and tariff impacts through inventory management, cost control, and price increases

Company press release: ID:nNZW414RY6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
NZ$390.1 mln
 
FY Normalised NPAT
 
NZ$64.2 mln
 
FY Net Debt
 
NZ$2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Skellerup Holdings Ltd is NZ$7.35, about 2.1% above its August 19 closing price of NZ$7.20
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 19 - NZ's Fletcher Building warns on first-half earnings, swings to annual profit
Aug 19 - Canada's Omni-Lite Q2 revenue, EBITDA hit record high on segment expansion
Aug 18 - Dairy prices rise, volumes increase at auction -GDT Events

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)