New Zealand-headquartered fresh produce company lifts full-year earnings guidance
Seeka has reported a record six-month net profit before tax of NZ$62.6mn for the period ended 30 June 2026, up 5 per cent on the previous corresponding period. The result reflects stronger margins, improved operational performance, and the benefits of Seeka’s continued investment in post-harvest automation.
Net profit after tax increased 20 per cent to NZ$45.4 million, while EBITDA rose 3 per cent to NZ$86.3 million. Seeka delivered this uplift despite a seasonal reduction in fruit volumes handled across New Zealand and Australia and ongoing input cost pressures, demonstrating the resilience of the business and the strength of its operating model.
Seeka chief executive, Michael Franks said the company’s strong first-half performance reflected improvements across both operations and financial management.
“Seeka’s investments in post-harvest automation delivered efficiency gains, lifted margins and improved service to customers. Combined with our continued focus on debt reduction and balance sheet strength, these initiatives have helped deliver a record interim result for the six month period,” said Franks.
Seeka continued to strengthen its financial position, reducing net bank debt to NZ$119.8mn, NZ$10.8mn lower than June 2025 and NZ$51.1mn lower than June 2024. Debt was further reduced in July 2026, in line with normal seasonal cash flow.
The company’s leverage ratio improved to 1.22x, compared with 1.60x in June 2025, with both measures well within Seeka’s targeted range. The board has announced a fully imputed interim dividend of $0.20 per share, with a record date of 18 September 2026 and payment scheduled for 15 October 2026.
Seeka’s post-harvest business benefited from investment in new technology, programmed maintenance, and automation. New Reemoon packing solutions produced first-season results ahead of forecast and provide scope for further improvement as Seeka refines the technology across its operations.
These gains helped Seeka lift post-harvest performance and margins despite lower New Zealand Class 1 kiwifruit volumes handled, which were 4 per cent lower than the previous corresponding period.
Seeka said it intends to offer a new Grower Loyalty Share Scheme towards the end of the year, subject to shareholder approval if the board decides to proceed. The proposed scheme is designed to reward growers with the right to receive and pay for shares in return for supplying fruit to Seeka for a three-year period, further aligning grower and shareholder interests.
