Origin -stable guidance11 Jun 2026 08:39
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Origin Enterprises set full-year adjusted diluted EPS guidance at 52-55 cent, a range that brackets last year's 54.21 cent outturn and implies broadly flat earnings despite a notably volatile input cost backdrop. Group revenue rose 2.7% year to date to €1.63bn, or 5.0% on a constant currency basis, with the third quarter up 2.9% reported. Stripping out crop marketing, underlying growth was a healthier 3.5%, driven by 1.2% volume gains, 4.1% pricing and a small acquisition contribution, partially offset by a 2.6% currency drag. Agriculture, the larger business at €1.48bn of revenue, grew 2.1% as Soil Nutrition pricing surged on fertiliser raw material inflation linked to the Strait of Hormuz closure and CBAM effects, although UK volumes softened as farmers managed affordability against weaker grain prices. Latin America was the standout regional performer, up 8.2%, with Brazil supported by expanded soybean planting. Living Landscapes continued to scale, with revenue up 9.3% to €150.0m, blending 5.0% organic growth with an 8.2% acquisition contribution as the platform builds weight in the earnings mix. The bolt-on of Clarendon Agricare extends plant protection distribution in Northern Ireland. Management flagged operating profit growth for the year and pointed to a November Capital Markets Day for a refreshed strategic framework, but with EPS guided modestly below the FY25 base at the midpoint, the print reads as workmanlike execution rather than a step-change.
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