Wagners Holding Company (ASX:WGN) has provided FY27 earnings guidance at its 2026 Annual General Meeting, disclosing full-year EBIT guidance of between $72 million and $76 million, alongside first-half EBIT guidance of between $40 million and $42 million, as the company also announced a Letter of Intent for a Papua New Guinea LNG project supply contract valued between US$50 million and US$55 million.

Key Points

  • FY27 full-year EBIT guidance set at between $72 million and $76 million; H1 FY27 guidance between $40 million and $42 million
  • Letter of Intent received from JGC-Hyundai joint venture for aggregate and concrete supply to the PNG LNG project, with Wagners' scope valued at US$50 million to US$55 million over two-and-a-half years
  • New concrete plant at Caboolture completed and in final commissioning stages; three additional sites secured for planning and approval
  • Increased clinker and shipping costs expected to impact H2 FY27 earnings by up to $5 million; seasonality in volumes expected to reduce H2 earnings by up to $3 million

PNG LNG Project Letter of Intent and Scope

Wagners disclosed it has received a Letter of Intent from the JGC-Hyundai joint venture, headquartered in Japan, for the supply of aggregates and concrete to the PNG LNG project in Papua New Guinea. The company described this as the first major global project since its listing. Wagners' scope is valued between US$50 million and US$55 million over a two-and-a-half year period. The project remains subject to a Financial Investment Decision, which is expected in mid-December 2026. Mobilisation is expected to commence in early calendar year 2027, with first supply of aggregate materials in April and concrete supply to follow in mid-2028.

Construction Materials and Composite Fibre Technologies Trading Update

According to the filing, demand for cement, concrete and quarry products in the Construction Materials segment remained robust across the first four months of FY27, with projects in South-East Queensland moving from planning into delivery alongside broader construction activity. Wet weather impacted volumes late in October, with demand returning as conditions improved. In Composite Fibre Technologies, order activity has been strong, led by cross arms and utility poles for electricity networks across Australia and New Zealand. The company also recently dispatched poles to Northern Ireland and was short-listed to supply poles under a long-term panel arrangement in the Republic of Ireland.

FY27 Guidance and Identified Cost Headwinds

Wagners provided FY27 EBIT guidance of between $72 million and $76 million for the full year, with H1 FY27 guidance of between $40 million and $42 million. The company stated that guidance assumes current market conditions continue and takes into account anticipated increases in shipping and clinker costs and seasonality in volumes between H2 and H1. Increased clinker and shipping costs are expected to impact H2 FY27 earnings, with the impact potentially up to $5 million, subject to shipping cost volatility. Seasonality in volumes is expected to result in a further reduction of up to $3 million in H2 compared to H1.