Origin Enterprises, the Dublin headquartered international agri-services group, has reported revenues of €831.7 million for the half year (H1) 2025, which ended on January 31.

The interim financial results show that this is down by €23.2 million compared with a year previously (H1 2024: €854.9 million).

The company said that the year-on-year revenue decline of 2.7% was driven mainly by lower global feed and fertiliser prices.

Origin Enterprises said that operating profit in H1 2025 stood at €14.9 million, a 17.1% increase on the prior year (H1 2024: €12.7 million).

Total group operating profit increased by €2.9 million to €17 million in H1 2025.

Adjusted earnings per share (EPS) were 5.17c, an increase of 1.42c (37.8%) on a year prior, driven by continued growth in the Living Landscapes division and a recovery in agriculture volumes.

An interim dividend of 3.15c per share is unchanged compared with H1 2024, while profit before tax was up €1.7 million to €7 million.

The company said that it has completed a €20 million share buyback programme and returned €14.5 million to shareholders in dividends.

Origin Enterprises said that in the UK a larger area of winter planting contributed to an increase in volumes.

However, in-field conditions in limited areas means total winter cropping remains below the level of a normal season.

The company said there was a "solid start to the year" in continental Europe, with Poland performing well, but growers in parts of Romania remain cautious following two years of drought conditions.

"Latin America delivered strong volume growth in a challenging pricing environment with the depreciation in the Brazilian Real being the principal reason for the decline in reported results," the company said.

There was continued progress in the Living Landscapes business, delivering €2.3 million of operating profit growth in the period from both strong organic growth and the four acquisitions completed in the first quarter (Q1).

The company added that further payment of suspended amounts owing in compliance with international sanctions of €26.2 million contributed to an increase in net bank debt to €270.1 million (H1 2024 €215.8m).

Commenting on the interim results, Sean Coyle, Origin Enterprises chief executive, said:

“The group delivered a good H1 2025 performance underpinned by a recovery in agriculture volumes and strong growth in Living Landscapes, resulting in operating profit growth of 17% and EPS growth of 38% in the period.

"Improved in-field conditions across our geographies in Q2 delivered higher volumes, with planting returning to more normal levels.

"While the underlying performance across agriculture was strong, reported numbers were negatively impacted by the devaluation of the Brazilian Real relative to Euro," he added.

Coyle said the company was pleased to report "strong organic growth in Living Landscapes and welcome four new businesses which strengthen our environmental expertise and further complement our existing services".

"Our strategic focus on increasing our presence in the professional landscapes and environmental solutions sectors, and expanding the range of products and services we provide to the emerging nature economy, is driving greater earnings diversification and helping to mitigate earnings inconsistency over time.

"Encouragingly, lower year on year price levels has seen strong demand in order volumes for our animal nutrition and soil nutrition businesses for the remainder of the year, however, given the significant levels of spring volumes yet to be delivered across all of our businesses, it is too early to issue guidance for the full year," he said.

Origin Enterprises will issue full year guidance for 2025 in its Q3 update on June 12.