Origin Enterprises plc
Origin Enterprises plc is an agri-services and inputs group operating in two segments: Agriculture (direct-to-farm agronomic advice, services and inputs, plus wholesale B2B inputs to growers, across Ireland, the UK, Continental Europe (Poland, Romania) and Latin America (Brazil)); and Living Landscapes (Amenity, Environmental and Ecology consultancy, inputs and technical solutions for sports turf management, landscaping and environmental conservation, in Ireland and the UK). FY2025 revenue was €2,109.1 million with operating profit of €99.0 million.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: Company website (10)
FY2026Next report expected 2 Oct 2026
- Open the reportJSONComing soonSixty seconds on the FY2025 report
Origin Enterprises gives farmers crop advice and supplies products such as fertiliser, and also runs a smaller landscaping and ecology business, across Ireland, the UK, Continental Europe and Brazil. In the year to 31 July 2025, revenue was €2.11bn, up +3.1% from €2.05bn, and profit after tax grew to €52.8m from €40.4m. The report credits higher sales volumes, six acquisitions in the landscaping and ecology business, and better margins in Ireland and the UK. Slightly lower prices pulled the other way. One-off items also shaped the profit figure. On the plus side were a gain on a property sale at a part-owned company and an increase in the value of properties the group owns. On the minus side were a write-down of older UK acquisitions and deal costs. At the year end the company held €169.8m in cash against borrowings of €240.6m. It raised no money from shareholders and proposed a total dividend of €0.173 a share. Management called the year a strong performance, with earnings ahead of its guidance. The auditor gave a clean opinion and the directors raised no doubts about the company's future. The report does flag risks from weather, commodity prices and sanctions against Russia.
From the reportevery line sits on the page it namesWhat drove revenueVolume growth across Agriculture and Living Landscapes
Revenue increased 3.1% reported / 2.7% constant currency; excluding crop marketing, revenue grew 4.5% on a constant currency basis, with volume up 4.3%
page 41AndAcquisitions (six completed in FY25 within Living Landscapes)
Acquisitions contributed 1.0% to Group constant-currency revenue growth; Living Landscapes organic growth of 10.4% plus 12.4% from acquisitions
page 41What moved the margintailwindMix shift toward higher-margin Living Landscapes segment via acquisitions
Living Landscapes operating margin 8.9% vs Agriculture 3.8%; Group margin rose from 4.1% to 4.3% 'principally driven by margin improvements in our Ireland and UK region within Agriculture and our Living Landscapes business'
page 41AndtailwindUnderlying margin improvement in Ireland & UK Agriculture
Operating profit bridge: underlying +€4.3m (+5.1%), acquisitions +€3.1m (+3.7%), currency (€0.9m) (-1.0%)
page 41What management saidOrigin delivered a strong financial performance in FY25, with adjusted EPS growth of 12.8%. A combination of volume growth, new acquisitions, and improved margins enabled the Group to successfully navigate volatile market conditions, delivering earnings ahead of market guidance, while continuing to deliver on the Group's strategic agenda and delivering on the financial ambition laid out at our 2022 Capital Markets Day.
page 40The dividendProgressive dividend policy. Board proposing a final dividend of 14.15 cent per share, bringing total FY25 dividend to 17.30 cent (FY24: 16.80 cent), a payout of 36.5% of adjusted EPS; payable 6 February 2026 to shareholders on the register 16 January 2026
page 40Going concern and the auditPwC (Siobhán Collier, signing 22 September 2025) issued an unqualified ('true and fair') audit opinion on both Group (IFRS as adopted by EU) and Company (Irish GAAP/FRS 102) financial statements. Key audit matters: settlement price adjustments and recoverability of goodwill. Directors concluded going concern basis appropriate, with net cash flow from operating activities of €72.0m and net debt of €70.8m at 31 July 2025; no material uncertainties identified. Viability statement covers a 3-year period (aligned to capital expenditure/financial projection reliability) despite a 5-year strategic planning cycle.
page 131The risks it names first- Competitor activity, product innovation and margin erosionp.80
- Acquisitions and corporate development (integration, liability identification, goodwill impairment risk)p.80
- Commodity price volatility (input and output prices)p.81
- Geopolitical risk (political decisions, civil unrest, trade/tariff tensions, armed conflicts)p.81
Read from C000951-AR-2025-website.
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