Seeka (SEK) H2 2025 earnings summary

Executive summary

• Achieved a second consecutive year of record results, with strong crop yields and quality in New Zealand and Australia, packing 47 million trays of kiwifruit in NZ (up 10%) and increasing Australian volumes by 25%.

• EBITDA reached NZD 96 million, net profit before tax NZD 47.5 million, and net profit after tax NZD 32 million, all significantly up year-over-year.

• Significant investments in automation, orchard development, and post-harvest technology supported operational excellence.

• Strategy remains focused on efficiency gains and operational excellence, with infrastructure ready for the 2026 harvest.

Financial highlights

• Revenue reached NZD 440 million, up 7% from NZD 411 million year-over-year.

• EBITDA rose 26% to NZD 96 million; EBIT up 34% to NZD 62.6 million.

• Net profit before tax was NZD 47.5 million, up 60% from NZD 29.7 million; net profit after tax was NZD 32 million, up 265% year-over-year.

• Gross profit improved 20% to NZD 125.9 million; return on capital employed rose to 14.5% from 10.1%.

• Earnings per share were NZD 0.76 (up 262%); total dividends for the year NZD 0.50 per share, with FY25 dividend at NZD 0.30 per share.

Outlook and guidance

• Infrastructure and systems are in place for the upcoming harvest; labor availability is strong and first fruit already packed for 2026.

• Not at peak earnings yet; capacity exists for further growth if volumes increase.

• Inflationary pressures expected in packaging and electricity, but margins anticipated to be maintained.

• Capital investment will focus on maintenance and automation, with potential for increased spend if industry expansion occurs.

• Too early for a reliable volume forecast; next update scheduled for April 2026.