**Summary of Origin Enterprises Plc Interim Results Statement (H1 2026)**
**Financial Performance**
**Revenue Growth** Origin Enterprises reported a 5.1% revenue growth in constant currency, reaching €852.6 million, driven by underlying volume growth of 1.4%.
**Operating Profit** Total Group operating profit increased by 2.4% to €17.4 million, with a 2.0% underlying decrease year-on-year, impacted by higher finance costs due to increased average debt.
**Agriculture Segment** Profit performance was broadly in line with the prior year, with growth in Ireland/UK and Latin America offset by a reduction in Central Europe.
**Living Landscapes Segment** Operating profit rose by 8.3%, driven by early-season organic growth in Sports and Landscapes businesses. Environmental business saw a like-for-like decline due to project timing delays but grew year-on-year with acquisitions.
**Operational Highlights**
**Agriculture** Planting areas in the UK are ahead of the prior year, and crop development is progressing well. Central Europe shows a continued shift towards winter planting, while Latin America faces a challenging environment despite expanded soybean and corn areas.
**Living Landscapes** Strong demand across the segment, particularly in Sports and Landscapes, with acquisitions contributing to growth in Environmental.
**Associates and Joint Ventures** Strong contribution from sustained demand for animal nutrition products in the Irish market.
**Financial Metrics**
**Adjusted EPS** Decreased to 4.55 cent from 5.17 cent in H1 2025, reflecting higher finance costs and improved operating profit.
**Net Bank Debt** Increased to €283.5 million, driven by seasonal working capital requirements and inventory positioning ahead of CBAM (Carbon Border Adjustment Mechanism) charges.
**Interim Dividend** Maintained at 3.15 cent per share.
**Strategic Developments**
**Sustainability** Continued alignment with customer and regulatory requirements, focusing on sustainable land use solutions, including biostimulants, adjuvants, and soil nutrition innovations.
**Acquisitions** Integration of recent acquisitions strengthened the environmental and ecology platform, extending capabilities in habitat creation, biodiversity services, and environmental advisory.
**Capital Allocation** Extension of the €440 million sustainability-linked revolving credit facility by one year to January 2031.
**Leadership and Governance**
**Board Appointment** Mr. John Hennessy appointed to the Board on 1 January 2026 and will succeed Mr. Gary Britton as Chairman on 4 March 2026.
**Capital Markets Day** Scheduled for 17 November 2026 in London, where the next five-year strategy, including capital allocation framework and growth ambitions, will be outlined.
**Outlook**
**Second Half Focus** Significant spring volumes are still to be delivered across all businesses, with guidance for FY 2026 to be issued with the Q3 trading update on 11 June 2026.
**Market Conditions** Cautious farm sentiment due to weaker grain, oilseed, and dairy prices, influencing spending decisions.
**Conclusion**
Origin Enterprises Plc demonstrated resilience in H1 2026, with solid performance across its segments despite challenging market conditions. The company remains focused on sustainable growth, strategic acquisitions, and operational efficiency, positioning itself well for the second half of the fiscal year and beyond.