Wagners: Favorable Industry Dynamics Supporting Growth

Goldman Sachs hosted an investor session with Wagners (WGN) management, who reiterated FY26 EBIT guidance and highlighted growth drivers including the 2032 Olympics and US composite market expansion.

Key Takeaways

• 1.FY26 group EBIT guidance of A$62-66m remains on track despite temporary wet weather disruptions in Queensland.
• 2.Input cost inflation, including fuel, is being effectively mitigated through customer surcharges and rational industry pricing.
• 3.The 2032 Brisbane Olympics and SEQ infrastructure projects serve as material medium-term demand catalysts for the construction segment.

Table of Contents

• Key takeaways: Wagners
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures

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