Listed New Zealand produce company Seeka has reported its unaudited results for the six months ended 30 June 2025, alongside dividend details and updated full-year earnings guidance.
Revenue reached NZ$307.9 million (US$188.6 million), up 8% on the prior year. EBITDA rose 22% to NZ$83.5 million (US$51.1 million). Net profit before tax increased 32% to NZ$59.4 million (US$36.4 million), while net profit after tax more than doubled to NZ$37.8 million (US$23.1 million), compared with NZ$17.1 million (US$10.5 million) last year. A dividend of NZ$0.15 (US$0.09) per share will be paid on 15 October 2025, bringing total 2025 dividends to NZ$0.30 (US$0.18) per share. Forecast full-year net profit before tax has been lifted to between NZ$35.0 million and NZ$39.0 million (US$21.5 million to US$23.9 million).
© Seeka
New Zealand kiwifruit volumes reached 47.1 million class 1 trays, up from 43.0 million trays in the prior year, underpinning the improved results. Better growing conditions supported orcharding and post-harvest operations. SeekaFresh continued to expand, and Seeka's Australian operations increased production and earnings following a strong season and the introduction of new produce lines.
The company continues to reduce debt while investing in its core business. Net bank debt fell by NZ$40.2 million (US$24.6 million) to NZ$130.6 million (US$79.9 million) over 12 months, with a further NZ$64.8 million (US$39.6 million) received in July 2025 in the normal course of business.
Seeka packed a record 47.1 million trays of kiwifruit across 11 New Zealand export sites. The company has also announced automation upgrades at its Kerikeri and Huka Pak sites, introducing Reemoon technology to handle greater volumes at lower unit costs.
All operating segments reported higher earnings for the six months. Seeka said the improved performance reflected deliberate strategy, ongoing investment in automation, and stronger growing conditions.
Chief executive Michael Franks commented, "The operating results were pleasing, noting they were the result of a deliberate strategy enacted by the company. Seeka is well-positioned for future growth with a strengthening balance sheet and has automation projects underway to handle the anticipated growth in New Zealand's kiwifruit industry."
The declared dividend of NZ$0.15 (US$0.09) per share will be paid on 15 October 2025 to shareholders on the register as of 18 September. The payment will be fully imputed, and the dividend reinvestment plan will apply.
For more information:
Michael Franks
Seeka
Tel: + 64 21 356 516
www.seeka.co.nz
Nicola Neilson
Tel: + 64 21 841 606
