Over the next 12 months several concrete plants will be under development as part of a grander plan by Wagners to expand their Queensland plant network.
Strong operating cash flow in the last financial year has allowed the Bronze Concrete Institute member to purchase $15 million of land for three concrete plants with an additional site under contract.
In its full financial year 2025 (FY25) results, Wagners also revealed that construction of two new plants was in progress and these are expected to be completed this year. This is all good news for the concrete manufacturer which supplied over 74,000 precast concrete tunnel segments for the Sydney Metro West Airport tunnel and station project.
The Queensland-based company delivered revenue in FY25 of $431.3 million driven by “sustained strength” in core construction materials business with revenue up 19% to $257 million.
Throughout the financial year, Wagners’ cement volumes remained stable year-on-year, while the company grew concrete volumes by 65% with the continued expansion of its South-East Queensland (SEQ) plant network.
The FY26 outlook for Wagners is bright, with the firm anticipating overall market growth with the Olympic infrastructure requirements in Brisbane and strong residential housing growth in SEQ.
The company plans to continue to pursue new concrete and quarry project opportunities in Australia and overseas in FY26.
About the author
Desi Corbett
Desi is the Editor of Concrete in Australia, at the helm since December 2013, and our weekly news writer since 2016. Focused on concrete and construction for more than 11 years, her expertise in this field forms part of a journalism career spanning three decades. To get in touch please email desi@corbettcomms.com