Highlights

  • Skellerup (NZX:SKL) delivered record FY26 normalised NPAT of $64.2 million, up 18% year-on-year.
  • Revenue increased 10% to $390.1 million, supported by growth across Industrial and Agri divisions.
  • The company maintained Investment in Manufacturing capability while reducing net Debt to $2.0 million.

Skellerup Holdings Limited (Skellerup) (NZX:SKL) has reported a record FY26 performance, supported by Revenue growth across international markets and contributions from both its Industrial and Agri divisions. The company recorded revenue of $390.1 million for the year ended 30 June 2026, an increase of 10% compared with the previous year. Normalised net profit after tax reached $64.2 million, rising 18% year-on-year, while normalised EBIT increased 14% to $89.3 million. Skellerup’s performance reflected continued Demand for its engineered polymer products and specialised solutions across global industrial and agricultural markets.

International Demand Supports Record Business Performance

Skellerup’s Industrial Division achieved a record EBIT of $56.6 million, increasing 17% from the prior year, supported by revenue growth and improved margins. The division benefited from demand across applications including potable water, wastewater, flow control, roofing and construction markets. Revenue growth was particularly strong in the US market, which increased during FY26. The company also continued expanding its presence across international markets, with more than 80% of group revenue generated offshore.

The Agri Division also delivered a record result, with EBIT rising to $39.6 million, up 12% year-on-year. Revenue increased to $128.4 million, supported by higher sales of essential dairy industry consumables and demand from international markets. Skellerup reported that dairy-related product sales increased during FY26, with growth supported by markets including North America and Europe.

Despite challenges from Supply chain disruptions, geopolitical uncertainty and fluctuating tariffs, Skellerup maintained operational performance through its manufacturing network, customer relationships and product portfolio. The company continued investing in production capability to improve efficiency, flexibility and support future expansion opportunities.

Strong Cash Flow Supports Future Growth Initiatives

Skellerup generated record Operating Cash Flow of $83.6 million in FY26, an increase of 26% compared with the previous year. The company used its cash generation to fund capital investment, dividends and debt reduction. Net debt declined to $2.0 million at year-end, strengthening its financial position to pursue future organic growth opportunities.

The company declared a final Dividend of 20 cents per share, bringing the total FY26 dividend to 30 cents per share, up 18% compared with the previous year. Skellerup continues to focus on expanding its manufacturing capabilities, developing new products and maintaining close relationships with customers across international markets.

Looking ahead, Skellerup expects its global operating model, product innovation and manufacturing investments to support continued growth. The company will continue evaluating its manufacturing footprint and investment priorities while responding to changing market conditions and customer demand.