Seeka anticipates profit increase following successful kiwifruit harvests

Seeka Limited [NZX:SEK] has released its initial earnings guidance for 2025, projecting a profit before tax in the range of NZD 33.0m to NZD 37.0m, an increase from the previous year's NZD 29.7m. The company attributes this positive outlook to successful kiwifruit harvests in both New Zealand and Australia. New Zealand packed 47.0m trays of class 1 kiwifruit, an increase from 43.0m trays in the previous year, with good fruit quality and improved labor availability facilitating efficient processing. In Australia, Seeka harvested 2.25m kgs of kiwifruit, consistent with the previous year, with fruit selling well. The company notes that this is an early forecast and promises to keep the market informed of any material changes. Seeka intends to announce its 6-month results for the period ending June 30, 2025, on August 20.