International agri-services group Origin Enterprises has reported higher operating profits and revenues for the year to the end of July despite what it called a challenging operating backdrop.
Origin Enterprises said its total group operating profit rose by 1.8% to €100.7m from €98.99m, while its annual revenues grew by 0.4% to €2.118 billion from €2.109 billion the same time last year.
But the company's pre-tax profits dipped 1.2% to €78.1m from €79m in 2025.
It reported adjusted diluted earnings per share of 53.51 cent, down from 54.41 cent the same time last year but in line with its full year guidance.
Breaking down its divisions, Origin said its Agriculture operating profit fell by 2.2% to €71.8m as market conditions became more challenging during the second half of the year as drought conditions, selective input cost inflation and weaker grain and oilseed prices reduced farm profitability and discretionary spending.
But it added that despite these headwinds, the business remained resilient, with growth in Latin America and a stronger contribution from Animal Nutrition partly offsetting softer performance across Ireland, the UK and Continental Europe.
Meanwhile its Living Landscapes division reported another year of strong progress, with operating profit increasing to €17.7m on the back of good organic growth of 5.2% and the benefit of previous year acquisitions.
Continued investment in environmental services, planning, biodiversity and sports infrastructure supports attractive long-term growth opportunities, it added.
Origin's chief executive Sean Coyle said the benefits of the company's diversification strategy are increasingly evident.
"Living Landscapes now contributes 20% of operating profit and continues to expand in attractive higher-growth and higher-margin markets, improving the quality, resilience and consistency of group earnings," he said.
The CEO said the company has delivered cumulative operating profit of €474m over the last five years, exceeding the €415m target set out at its 2022 Capital Markets Day.
"We delivered an average cash conversion of 105%, ahead of our target of greater than 80%," Mr Coyle said.
"Origin today is a more resilient diversified business with more consistent earnings, a stronger balance sheet and greater cash generation than seen in the previous five-year cycle," he added.
Shares in the company moved higher in Dublin trade today.
