New Zealand · Delayed Price · Currency is NZD Seeka Earnings Call Transcripts
Fiscal Year 2026
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The AGM highlighted a year of strong financial growth, increased dividends, and significant debt reduction. Strategic investments in automation, product diversification, and sustainability were emphasized, with robust Q&A addressing growth, risk, and future plans.
Fiscal Year 2025
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Record financial results with revenue up 7% and net profit after tax up 265% year-over-year, driven by strong yields, operational efficiency, and growth in all segments. Debt reduced, dividends increased, and further growth is anticipated as capacity remains available.
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Strong financial results were reported, with profit and dividends up year-on-year. Strategic investments in automation, sustainability, and diversification were highlighted, while risks such as climate change, labor, and cybersecurity were addressed.
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Achieved record six-month results with revenue up 8% and net profit after tax up 121% year-over-year. Upgraded full-year profit guidance, reduced net debt, and advanced automation projects while maintaining strong segment performance and balance sheet resilience.
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Record revenue and profit marked a strong turnaround, enabling debt reduction and dividend resumption. Board transitions, director elections, and a focus on automation and risk management were highlighted, with shareholders approving all resolutions and discussing future growth and resilience.
Fiscal Year 2024
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Record profit, revenue, and EBITDA were achieved, driven by a 44% rebound in New Zealand crop volumes and a 166% increase in Australian kiwifruit. Debt was reduced by NZD 35 million, dividends resumed, and all segments showed strong growth, with positive outlook and stable pricing expected.
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Revenue rose 34% to NZD 284.2 million, with EBITDA up 88% and profit before tax up 230% year-over-year. All segments showed strong volume and earnings growth, especially in Australia, and full-year profit guidance was raised. Net tangible asset backing remains well above share price.