Origin Enterprises reports ‘good performance’ for first nine months

Origin Enterprises PLC on Thursday reported single-digit revenue growth for its third quarter and first nine months, and continues to expect full-year operating profit growth.

The Dublin-based agricultural products and services provider reported 2.7% annual revenue growth, or 5.5% at constant currency, for its financial year to date, or the nine months ended April 30, to €1.63 billion from €1.59 billion. For the third quarter, revenue rose 2.9%, or 4.9% at CER.

Origin said this reflected sustained growth across its Agriculture and Living Landscapes divisions, despite geopolitical uncertainty and continued volatility in agricultural input and commodity markets.

Agriculture year-to-date revenue increased 2.1% on-year, or 4.2% at CER, to €1.48 billion from €1.45 billion. Origin highlighted 2.0% growth, 5.0% at CER, in Ireland and the UK to €919.0 million, which it said was supported by 2.2% growth in the third quarter to €481.0 million.

Living Landscapes revenue increased 9.3%, or 13% at CER, to €150.0 million from €137.2 million, while third-quarter revenue rose 3.0% to €63.9 million. ‘This reflects good underlying growth of 5.0% YTD and acquisitions contributing 8.2% YTD,’ Origin said.

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...We continue to monitor geopolitical developments and mitigate any associated impact through disciplined procurement, flexible supply channels and local market access.’

He added that Living Landscapes ‘continues to increase its scale and contribution to the overall group supported by long-term demand for specialist land, environmental and green infrastructure services.’

For the full year, Origin expects adjusted diluted earnings per share between 52 and 55 euro cents, compared with 54.21 cents per share for financial 2025.

‘In a volatile macro environment, the group has executed well, maintained commercial discipline and remains well positioned for operating profit growth this year,’ Coyle added.

Origin Enterprise shares were flat at 3.98 pence on Thursday in London.

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