21-05-2025
Kiwifruit record: Zespri achieves $5b sales milestone, 220 million trays sold
Excluding licence revenue, the company's net corporate profit was a record $79.8m, up from $20.4m in 2023-24.
Chief executive Jason Te Brake said the result reflected an industry-wide effort to deliver a record crop and strong sales in key markets.
'We've increased both volume and value in our key markets despite downward pressure in the category and surpassed a significant milestone in reaching $5b in global fruit sales, exceeding our longstanding sales goal set a decade ago.
'At a per-hectare level, returns are up and at record levels for Green, Organic Green and Sweet Green off the back of the season's improved yields following a challenging few years for growers and we've been able to return strong value at a per-tray level for all categories in a record crop year, with final average per-tray returns above our February forecast.'
Zespri said its net profit excluding licence revenue reached a record $79.8m.
The New Zealand supply segment delivered a profit of $56.4m in 2024-25, up from the $10.2m loss in 2023-24 on the back of a larger crop, strong value in-market and a focus on greater overhead efficiencies.
The non-New Zealand supply sales also performed well, hitting $652.4m.
Looking ahead, 2025-26 season sales had started well, particularly in Europe and the US.
Zespri, based in Mount Maunganui, had also made a strong start in Asia, despite generally softer market conditions, it said.
