Origin Enterprises, the Dublin-headquartered international agri-services group, has reported revenue growth to €1.63 billion in the nine months to April 30.
Origin Enterprises has today (Thursday, June 11) announced its Q3 trading update for the three months (Q3) and nine months (YTD) ended April 30.
Origin has reported revenue growth of 2.7% YTD, with Q3 up 2.9%, reflecting "sustained growth across Agriculture and Living Landscapes, despite geopolitical uncertainty and continuedvolatility in agricultural input and commodity markets".
Excluding crop marketing, group revenue increased 3.5% YTD, driven by 1.2% volume growth, 4.1% pricing and a 0.8% contribution from acquisitions, partially offset by a 2.6% currency headwind.
In agriculture, Origin saw revenue increase by 2.1% YTD to €1.48 billion.
Origin said there was volume growth of 0.9%, driven by Latin America and Central Europe, and increased pricing of 3.3%, offset partially by negative currency impact of 2.1%.
"Pricing reflects higher fertiliser raw material prices in Q3, driven by supply challenges arising from the closure of the Strait of Hormuz," Origin said.
"Good early season commitment by customers across UK and Ireland businesses ensured strong product availability and customer supply, although demand remains measured as growers balance higher input costs with more modest output price increases."
In agriculture, Ireland and the UK revenue increased 2% YTD to €919 million, supported by a good Q3 performance, with reported revenue up 2.2% (Q3 FY26: €481 million).
It added that it completed the bolt-on acquisition of Clarendon Agricare, "strengthening Origin’s plant protection distribution capability in Northern Ireland".
Origin said its Living Landscapes division revenue increased by 9.3% YTD to €150 million, including 5% underlying growth and an 8.2% contribution from acquisitions.
Origin's chief executive officer, Sean Coyle, commented: “Origin delivered a good performance in the first nine months, supported by a more balanced and diversified earnings base across the group.
"Agriculture performed well, with supply chain management aligned to customer demand driving volume growth.
"Farmers continue to manage input spend carefully, where crop input inflation, particularly in fertiliser, has outpaced grain pricing, reflecting market dynamics following the Middle East conflict and the introduction of CBAM (Carbon Border Adjustment Mechanism)."
Coyle said Origin continues to monitor geopolitical developments and "mitigate any associated impact through disciplined procurement, flexible supply channels and local market access".
"Living Landscapes has performed well year-to-date, combining good organic growth with the benefit of prior year acquisitions," Coyle continued.
"It continues to increase its scale and contribution to the overall group supported by long-term demand for specialist land, environmental and green infrastructure services.
"In a volatile macro environment, the group has executed well, maintained commercial discipline and remains well positioned for operating profit growth this year, guiding full-year adjusted diluted earnings per share (EPS) of 52c to 55c."