Seeka (SEK) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed stakeholders, outlined the meeting structure, and acknowledged notable contributors who have passed since the last meeting.

• Health and safety procedures were reviewed before formal proceedings began.

• Chair and Chief Executive's reports introduced key topics and highlighted record fruit volumes and operational performance.

Financial performance review

• Revenue reached NZD 308 million, up NZD 24 million from H1FY24, with a 10% lift in kiwifruit volumes.

• EBITDA rose to NZD 83 million, net profit before tax increased to NZD 59.4 million, and earnings per share reached NZD 0.90.

• Net profit after tax more than doubled to NZD 37.8 million.

• Net bank debt reduced by NZD 40 million to NZD 130.6 million, with capital employed at NZD 562.7 million.

• FY25 net profit before tax guidance set between NZD 39 million and NZD 43 million, up from NZD 29.7 million in FY24.

Dividend announcements

• Board approved an additional NZD 0.10 per share dividend, record date December 19, payable January 19, with full imputation credits.

• Total dividends paid in 2025 reached NZD 0.30 per share, with cumulative dividends to reach NZD 0.40 by January 2026.

• Dividend policy targets 50%-75% of after-tax profits, with out-of-cycle payment due to strong performance.