Pleass Global reports revenue growth, profit

Pleass Global Limited (PGL) has reported strong performance in early 2026, recording a 21 per cent increase in revenue.

Company co-founder, chairman and managing director Warwick Pleass attributed the growth to expanding exports, sustained business momentum and significant investments.

Speaking at the company’s 2026 annual general meeting at its Namosi head office on Monday, Mr Pleass said PGL recorded a strong financial year, with increases in revenue, profit and net asset value, alongside improved earnings per share and a higher share price.

He said growth had been driven by strategic investments, including the acquisition of leasehold land in Namosi and upgrades to machinery, production facilities and fleet operations, which have strengthened overall capacity.

Mr Pleass highlighted PGL’s recognition by the Fiji Revenue and Customs Service as an Authorised Economic Operator (AEO), a status that strengthens the company’s standing in international trade and export markets.

He pointed to ongoing developments in Namosi, where PGL is progressing a major industrial subdivision project, including a purpose-built distribution centre and additional lots for lease or sale.

Groundwork has been largely completed, with commercial operations expected to begin in due course.

He also highlighted the company’s continued expansion into new export markets and its growing customer base, while acknowledging ongoing risks associated with global shipping and trade uncertainties. 

Mr Pleass further noted that PGL’s share price reached the highest level recorded on the South Pacific Stock Exchange during 2026, while the company also declared its highest dividend to date of 20 cents per share for the 2025 financial year.

He said the company remains committed to continuing to build sustainable long-term value for its shareholders. 

Despite these challenges, he maintained a positive outlook, saying PGL is well-positioned to achieve further growth in 2026 through increased production, strategic investments, and continued demand in both domestic and international markets. 

He assured shareholders that the company remains focused on strengthening performance while building sustainable growth for the future. 

“Providing an update on current performance, Mr Pleass said the company has entered 2026 with strong momentum, recording a 21 per cent increase in revenue and a 36 per cent rise in profit before tax within the first four months of the year. 

He pointed to ongoing developments in Namosi, where PGL is progressing a major industrial subdivision project, including a purpose-built distribution centre and additional lots for lease or sale. 

Mr Pleass further noted that PGL’s share price reached the highest level recorded on the South Pacific Stock Exchange during 2026, while the company also declared its highest dividend to date of 20 cents per share for the 2025 financial year.”