Company raises profit forecast, on the back of reported improved returns, excellent post-harvest performance, and cost savings
New Zealand-based fruit packer Seeka expects a record profit for 2025, thanks to better-than-expected results from this year’s kiwifruit campaign, as well as in other parts of its business.
In a statement to the NZ stock exchange, the company said it had upgraded its pre-tax earnings guidance for the current year to between NZ$44.0mn and NZ$48.0mn.
It had previously anticipated that this figure would be somewhere between NZ$39.0mn and NZ$43.0mn.
“The forecast improvement in earnings reflects higher returns from kiwifruit sales, excellent performance in post-harvest, continuing good performance across the other operating segments and the continuing focus on costs across the business,” the group said. “The forecast earnings will be at record levels for the company.”
Seeka is one of New Zealand’s largest fruit companies and a major grower-distributor of products including kiwifruit and avocados.
In November, the group revealed it had uncovered what it described as “a series of invoicing irregularities” that could amount to as much as NZ$350,000.
The impact on this year’s earnings was estimated at around NZ$200,000.
