Earnings call transcript: Skellerup posts record FY 2026 as shares edge higher

Skellerup Holdings reported record full-year profit and revenue in FY 2026, driven by broad-based growth across its industrial and agri businesses, stronger margins, and a sharp rise in operating cash flow. Revenue reached NZD 289.4 million, up 10% from the previous year, while normalized EBIT increased 14% to NZD 89.3 million and normalized NPAT rose 18% to NZD 64.2 million.

Shares rose 0.4% to $7.23, near the top of their 52-week range. The company's industrial division grew 9% and the agri division grew 13%, underscoring steady execution over seven years of 7% compound annual revenue growth and 11% normalized EBIT growth. Management highlighted strong demand in North America, New Zealand, Australia, and parts of Europe and Asia, with key drivers including dairy consumables, potable water, wastewater, and roofing.

The company's financial strength is reflected in its balance sheet metrics, with a current ratio of 1.64 and a debt-to-equity ratio of just 0.02. Skellerup appears undervalued according to InvestingPro analysis, with upside potential.

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