Latest news with #Siebert
NZ Herald
5 days ago
- Business
- NZ Herald
New-season avocados: Good prices, good quality for New Zealand as sector prepares for export
This new season, 6.5 million trays of fruit were expected from the 1400 orchards that were part of the industry group, more than half of which would be exported. Last year (2024/2025) was a bumper season, with 7.6 million trays earning $163 million in export value. Siebert said last year was a relief for growers. 'As far as last year, that we've concluded now, that was a pretty good relief for many in the industry with substantial gains in export volumes and export value and just an increasing value seen in the local market.' It followed a horror season in 2023 due to adverse weather, which impacted export-grade fruit, earning just $20m from international markets. Siebert said last season, exports rose 170% on that terrible season prior, to 3.8 million trays sent abroad. However, he said, fortunately, weather conditions this year have improved. 'The weather has been better. The last two years it had some real impact on growers' returns, as the export volume of fruit has been dramatically down and the pack-out rate or the class-one [fruit] available for export has been reduced, but we're seeing [that] diversification creates opportunities to send to a diverse set of countries.' Exports compete with Western Australia; Asia exports grow Siebert said avocado exporters had diversified their markets in recent years, beyond the key market of Australia, which was bearing fruit for them. Australia was traditionally the largest export market, but he said internal competition there was growing. 'One of the exciting parts of that is the diversification the industry's seen and the export markets, with Asia historically seen around 8% of their volumes [but] is now representing 37% of our export revenue. 'Historically, sometimes up to 85% of the export crop went to Australia and the eastern seaboard, where the seasonal competitor there being Western Australia. 'Consumption continues to grow in Australia, thankfully, but so does the production out of Western Australia.' But he said diversification helped spread the risk. 'We, like many nations, have diversified, so we've got the ability in the season ahead to export to more countries than any other origin, and so we're headed to North America, Canada, the US, and a whole lot more to Asia as well as servicing the important Australian market as well.' Avocados into the United States will also face the 15% import tariff, which Siebert said was being discussed by government trade officials. He said there was good demand for avocados in New Zealand, as Kiwis consumed the fruit at quite a high rate per capita. But Siebert said harnessing retail opportunities and educating consumers would be key to capitalising on that demand. – RNZ
Business Wire
6 days ago
- Business
- Business Wire
Siebert Reports Second Quarter 2025 Financial Results
MIAMI--(BUSINESS WIRE)-- Siebert Financial Corp. (NASDAQ: SIEB) ('Siebert'), a diversified provider of financial services, today reported financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial and Operational Highlights* Adjusted Revenue** was $21.7 million, compared to revenue of $20.9 million in the second quarter of 2024 Realized a $2.4 million year-to-date total gain from an investment in an equity security, which Siebert acquired in connection with a private placement from a private U.S. company. The transition from a $9.2 million unrealized gain in the first quarter of 2025 to a $6.8 million loss in the second quarter of 2025 impacted the results of the first and second quarter of 2025. Adjusted Operating Income** was $1.0 million, compared to operating income of $5.6 million in the second quarter of 2024, primarily due to the additional investment in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers. Stock borrow/stock loan revenue was $7.5 million, compared to $4.7 million in the second quarter of 2024, reflecting meaningful growth in this business line Second Quarter 2025 and Recent Business Highlights Added to the Russell 2000 Index, enhancing visibility with institutional investors Invested $2.0 million in IQvestment Holdings ('FusionIQ'), a cloud‑native digital wealth management platform Gebbia Media (a subsidiary of Siebert) acquired Big Machine Rock, expanding Siebert's presence in the music industry Launched Gebbia Media's Sports Division, providing holistic financial, tax, brand, wealth advisory services and financial literacy to elite athletes Introduced 'Tactical Wealth' podcast through Gebbia Media, featuring military and veteran financial success stories, strengthening the bond with the military and veteran community. Rolled out the 'Generation Wealth' marketing campaign via Gebbia Media to engage Generation Z investors with influencer‑driven, AI‑enhanced content Management Commentary* 'The second quarter reflected continued progress across our strategic initiatives, as we strengthened our long‑term growth platform with investments in technology and digital wealth management, and expanded our reach through new media, sports, and entertainment offerings,' said John J. Gebbia, Chairman and CEO of Siebert. 'While our financial results for the quarter were impacted by the quarterly loss on our equity investment following the IPO of the underlying company, we generated a total gain of $2.4 million on this investment year‑to‑date. We remain focused on executing our growth strategy, enhancing client experiences, and positioning Siebert to capitalize on opportunities in emerging markets and digital finance.' Andrew Reich, CFO of Siebert, added: 'The timing of the recording of the year-to-date $2.4 million gain from our equity investments resulted in our second quarter revenue and operating income being lower. We continue to invest in new personnel related to technology initiatives and expansion into new business lines such as investment banking and servicing active trader customers. We also advanced our strategic initiatives with the $2.0 million investment in FusionIQ and the acquisition of Big Machine Rock, reinforcing our commitment to long‑term growth and diversification. We believe these actions strengthen our foundation for sustainable performance and shareholder value creation.' *Refer to Siebert's 2025 Q2 10-Q, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations for further detail about the results of the quarter, including the investment in equity security. **Adjusted revenue and operating income excludes the impact from the investment in equity security. Notice to Investors This communication is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities in the United States or elsewhere. About Siebert Financial Corp. Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. Gebbia Media LLC provides entertainment, media production, and sports management services and provides in-house marketing and advertising services for Siebert. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are 'forward-looking statements' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by or that include the words 'may,' 'could,' 'would,' 'should,' 'believe,' 'expect,' 'anticipate,' 'plan,' 'estimate,' 'target,' 'project,' 'intend' and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns, including those resulting from extraordinary events; changes and volatility in tariffs and trade policies; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert's business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert's Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert's filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether because of new information, future events or otherwise, except to the extent required by the federal securities laws.
NZ Herald
08-08-2025
- Business
- NZ Herald
New Zealand avocado exports soar, revenue hits $94m amid market growth
The New Zealand market generated $62 million, with overall export revenue rising 362% to $94m in the year to June 30, 2025. 'This marks a meaningful realignment to balance domestic v international supply, with the 2023-24 season export revenue at only $20 million,' Siebert said. New Zealand growers supplied avocados to the most diverse range of markets to date, with exports to Australia rebounding to $63m and North American markets growing in a second season of exporting to the United States and Canada. Asian markets Siebert said Asian markets continued to grow in importance as exports to the region increased 96% to $40m. 'Asia now represents 37% of avocado export revenue, a significant increase from 8% five years ago.' He said signs were looking promising for the 2025-26 New Zealand avocado export season, with early estimates forecasting an increase in total volumes. 'Growers, packers and exporters are preparing for an earlier export window to service over 16 international markets this season. 'Fruit quality is looking good, with maturity levels tracking well to align with seasonal market requirements.' Siebert said a return to more favourable conditions was a welcome change for an industry that was hit with two cyclones in two years, Dovi in 2022 and Gabrielle in 2023. 'Both hit avocado-growing regions, damaging fruit and reducing export volumes to levels not seen in nearly a decade.' Equipped with a stronger crop, Siebert said the industry was ready to renew its export diversification efforts with vigour. New Zealand Avocado will target markets across Asia as well as North America, with export revenue to Canada and the US growing beyond $4m after only two years of supplying the region. 'Despite growing competition in key export markets, New Zealand avocado exporters have made steady progress in diversifying their market reach,' Siebert said. 'The industry continues to expand its footprint, with increasing volumes being exported to a broader range of destinations. 'This diversification strategy remains a core focus as global demand grows.' Siebert said the sheer size of the Asian market was enticing and with per capita avocado consumption still low, there remained significant potential for growth. Global demand New Zealand Avocado chief executive Brad Siebert. 'As global demand for avocados continues to rise – driven by increasing consumer interest in healthy fats and plant-based nutrition – Asian markets are expected to follow suit," Siebert said. 'This creates a compelling opportunity for the industry to expand supply into these markets as awareness and demand build over time.' To stand out in the increasingly competitive sector, New Zealand positioned itself as a high-quality and trusted supplier, and New Zealand Avocado worked with the industry to develop strong, evidence-based, country-of-origin positioning to support this, he said. 'New Zealand avocados are uniquely positioned to supply premium fruit during the off-season of major producers, offering a valuable counter-seasonal supply option to Asian markets. 'What truly sets avocados from New Zealand apart is their consistently high eating quality, supported by industry-wide standards for food safety, sustainability and traceability. 'These attributes are now further reinforced through the New Zealand Government's FernMark: a globally recognised symbol of trust, authenticity and quality.' Sibert said New Zealand Avocado had recently secured the first industry coalition FernMark Licence for the avocado sector, alongside all participating exporters. 'This official country-of-origin mark assures trade partners and consumers that New Zealand avocados are grown to the highest standards.' About 1600 growers produce avocados in New Zealand. Bay of Plenty remains the leading region, producing around 57% of the country's avocados, with many smaller orchards. Northland accounts for close to 34% of production, with a number of larger-scale orchards. The New Zealand Avocado Growers Association (NZAGA) supports growers' interests by promoting the sale and consumption of avocados, managing a research and development programme and creating a supportive structure that encourages development and growth within the industry. Sibert said New Zealand Avocado also co-ordinates and disseminates relevant industry information and lobbies and liaises with the Government for the good of growers.
Yahoo
16-07-2025
- Business
- Yahoo
Siebert Financial Launches 'Generation Wealth' Campaign to Reframe Investing for Gen Z
Developed by in-house agency Gebbia Media, the campaign embraces indulgence, digital culture, and a new take on financial empowerment MIAMI and NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) is flipping the script on how financial services connect with Gen Z. Today, the firm announced the launch of 'Generation Wealth,' a bold, multi-platform campaign built by its in-house creative agency, Gebbia Media, to meet young investors on their terms and in their language. The campaign rejects outdated tropes of austerity and lectures. Instead, it taps into Gen Z's unapologetic relationship with money: one where indulgence and responsibility can co-exist. The core message: You can have your cake and eat it too, if you know how to manage your money. "This is not about dumbing down financial information. Gen Z is financially savvy, just on a different wavelength,' said Stefano Marrone, Chief Marketing Officer of Siebert Financial and Creative Lead on the campaign. 'They invest, they save, they hustle. What they don't do is respond to outdated messaging. Generation Wealth is our answer to that, serious financial information, delivered with culture and relevance.' The campaign features a cast of creators and influencers with non-traditional paths to wealth: young athletes, musicians, lifestyle tastemakers, reflecting the diversity and ambition of this generation. The tone is aspirational without being preachy, borrowing visual cues from fashion and street culture rather than boardrooms and bank branches. 'Finance brands love to lecture. We don't," said David Gebbia, CEO of Gebbia Media. 'This campaign is about showing up where Gen Z already is, with visuals and stories that actually speak to their goals and lifestyle. It's about flipping the narrative from restriction to ownership." Running across digital, social, out-of-home, and creator-led content, Generation Wealth's customer service engine is powered by a team of young Siebert wealth managers, real professionals who know the markets and understand the mindset of young investors. From TikTok to transit screens, the content invites a generation often misunderstood by traditional finance to invest with confidence and without compromise. 'Connecting with the next generation of investors is not optional but vital,' said John J. Gebbia, CEO of Siebert Financial. 'Generation Wealth reflects our broader strategy: embracing innovation, not just in what we build, but in how we build our brand. We've adopted AI across the business, and we're not afraid to experiment. That's how you stay relevant. That's how you grow.' Generation Wealth is more than a campaign. It's part of a broader commitment by Siebert to actively engage the next generation of investors. This includes investing in tech-forward platforms, building digital-first products, and becoming one of the first financial firms to integrate AI tools across content, communications, and client services. Siebert isn't just evolving what it offers, but also how it presents itself in its customers' feeds and media. The campaign launches in July across U.S. markets, with the first wave of influencer content and digital media. Out-of-home placements are set to roll out in Miami first, followed by New York and Los Gebbia MediaGebbia Media is an artist-first entertainment company focused on the development and promotion of music and sports talent, catalog acquisition, and bold storytelling across film, television, podcasts, and digital media. As a subsidiary of Siebert Financial Corp., Gebbia Media also functions as the in-house production and marketing agency for Siebert and its subsidiaries, creating branded content, advertising strategies, and social media campaigns. Driven by the belief that creativity, raw talent, and commercial acumen can birth extraordinary storytelling, Gebbia Media is building a premier media company rooted in cultural impact and financial strategy. By fusing compelling content with financial infrastructure, the company is redefining how audiences are engaged, enhancing financial literacy, expanding market reach, and unlocking new monetization opportunities across platforms. Gebbia Media's operations span music, sports, and entertainment, creating powerful synergies between culture and commerce within Siebert's broader ecosystem. More information is available at About Siebert Financial is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, and StockCross Digital Solutions, Ltd, and Gebbia Media LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at Cautionary Note Regarding Forward-Looking StatementsThe statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "intend" and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert's business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to achieve synergies or to implement integration plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A - Risk Factors of Siebert's Annual Report on Form 10-K for the year ended December 31, 2024, and Siebert's filings with the SEC. Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws. Media Contact:Deborah Kostroun, Zito Partnersdeborah@ (201) 403-8185 A photo accompanying this announcement is available at
Axios
15-07-2025
- General
- Axios
How to be a true Richmonder when you've just moved here
Moving here is the first step, but it doesn't make you a Richmonder just yet. Why it matters: Richmonders like to insist you notch certain experiences in this city before claiming it, and that takes time. Zoom in: Here's a cheat sheet to get you started. ⏰ Take the time to learn the city's complicated past, the people who've long been here and how both have shaped the present. 🤬 Get pissed at the city and maybe tweet about it. You'll find like-minded people and about five more issues to be annoyed about within the hour. 💀 Be funny in a crisis. Nothing bonds us more than collectively meme'ing our way through not having running water for three days. 💅🏼 Casually drop "That's so Richmond" in a conversation. No one ever asks follow-ups. They'll just nod because there's a 99% chance whatever you're referring to really is "so Richmond." 🚗 Get towed by Siebert's, and try (and fail) to talk them into not towing you. 🌉 Cross the bridge (all of them). 🔥 Roast Scott's Addition, even if you live there. 🍗 Find a chicken bone on the sidewalk. 💪🏼 Go to Black Rabbit for a flash tattoo so you can then stop anyone you see who looks like they got their tattoo done by the same person. ⚠️ Learn to drive down the small two-way side streets without panicking that both cars won't fit.
