Sanford achieves record performance in 2025, driven by strong aquaculture and debt reduction

Sanford reported record results for FY25, with revenue of $584.1m and Adjusted EBIT up 41.8% to $105.2m. Net Profit After Tax surged 223.8% to $63.7m, while operating cashflow increased 85.3% to $135.3m. This strong performance enabled a $92.1m reduction in net debt, which now stands at $93.4m.

The Salmon business delivered a record year with revenue up 19.2% to $127.5m and profit contribution rising 23.2% to $50.4m. The Mussels business also saw a record 150.4% increase in profit contribution to $34.8m, despite a 6.4% drop in revenue to $125.5m. However, the Wildcatch business experienced a 5.9% reduction in profitability, with a profit contribution of $52.4m on flat revenue of $318.9m.

Sanford declared a final dividend of 5.0 cents per share, bringing the full-year dividend to 10.0 cents per share. The company's managing director, David Mair, highlighted the focus on cost reduction, capital allocation, and a strategic review of markets for future growth.