Seeka raises FY25 profit guidance on record fruit volumes

Seeka has provided an optimistic stakeholder update for October 2025, guiding for a net profit before tax of NZD39.0m to NZD43.0m for FY25, a significant increase from NZD29.7m in FY24. This improved guidance reflects strong third-quarter performance, effective cost and margin management, robust contract packing, and fresh market performance, alongside higher orchard gate returns and Australian earnings. The company also announced a dividend of NZD0.10 per share payable in January 2026, bringing the cumulative dividend to NZD0.40.

The strong financial performance is attributed to record fruit volumes, with 47m Class 1 kiwifruit trays packed in New Zealand (up 10%) and 5,703 tonnes of fruit produced in Australia (up 28%). This led to H1 FY25 revenue of NZD308m, an increase of NZD24m over H1 FY24, and an EBITDA of NZD83m, up NZD15m. Net profit before tax for H1 FY25 reached NZD59.4m, an improvement of 32% over H1 FY24. Seeka also reported a reduction in net bank debt to NZD130.6m, down NZD40.2m in 12 months, bolstering its balance sheet resilience.

Looking ahead to 2026, Seeka plans to focus on delivering operational excellence and financial results by driving efficiencies from three new automated packlines and increasing capacity to meet growing demand for its services. The company's diverse produce basket, including kiwifruit, avocado, and kiwiberry, coupled with its integrated orchard-to-market service, continues to underpin its growth strategy.