Seeka Limited has issued its first earnings guidance for the 2025 financial year, forecasting a profit before tax of between $33.0 million and $37.0 million. This represents an increase from $29.7 million recorded in 2024. The projected improvement in earnings is attributed to strong kiwifruit harvest volumes and continued solid performance across Seeka's operations in both New Zealand and Australia.
In New Zealand, Seeka packed 47.0 million trays of class 1 kiwifruit, an increase of 9.3% compared to the 43.0 million trays packed the previous year. The company reported that improved fruit quality and increased labour availability allowed for an optimised harvest period and maximised throughput, despite recent weather-related delays.
In Australia, Seeka harvested 2.25 million kilograms of kiwifruit, a stable result consistent with 2024 volumes. Australian-grown kiwifruit continues to perform well in-market and is supported by Seeka's diversified produce portfolio, which includes pears, nashi, and jujube.
Seeka CEO Michael Franks credited the company's people and grower network for the strong seasonal outcome. "This year's result is a testament to the resilience and commitment of our teams. Our operations ran smoothly, we had ample capacity across our 11 sites, and the quality of the crop has positioned us well for a solid financial performance," said Franks.
While acknowledging that this is an early-stage forecast, Seeka stated it remains confident in its current trajectory and will continue to monitor financial performance closely. Further updates will be provided should there be any material changes to the guidance.
Seeka is scheduled to release its interim results for the six months ending 30 June 2025 on 20 August 2025.
For more information:
Seeka
Tel: + 64 7 573 0303
Email: [email protected]
www.seeka.co.nz