10 hours ago
Seeka Forecasts Strong Profit Growth On Back Of Bumper Kiwifruit Harvest
Seeka Limited [NZX:SEK] has released its first earnings guidance for the 2025 financial year, forecasting a profit before tax of between $33.0 million and $37.0 million — an increase from $29.7 million in 2024. The projected uplift in earnings reflects a strong kiwifruit harvest volumes along with continued solid performance across Seeka's New Zealand and Australian operations.
In New Zealand, Seeka packed 47.0 million trays of class 1 kiwifruit, a 9.3% uplift from the 43.0 million trays packed the previous year. Improved fruit quality and increased labour availability allowed the business to optimise the harvest period and maximise throughput, despite some recent weather-related delays.
In Australia, the company harvested 2.25 million kilograms of kiwifruit — a stable result in line with 2024. Australian-grown kiwifruit continues to perform well in-market, complemented by Seeka's diversified produce range including pears, nashi and jujube.
Seeka CEO Michael Franks acknowledged the contribution of the company's people and grower network in achieving a successful harvest.
'This year's result is a testament to the resilience and commitment of our teams. Our operations ran smoothly, we had ample capacity across out 11 sites and the quality of the crop has positioned us well for a solid financial performance,' said Franks.
While Seeka acknowledges this is an early forecast, the company is confident in its trajectory and will continue to monitor performance closely. Further updates will be provided if there are any material changes to guidance.
Seeka will release its interim results for the six months ending 30 June 2025 on 20 August 2025.
