Solid trading through the third quarter sees Seeka lift profit before tax forecast
Seeka has announced an upgrade to its full-year earnings guidance, lifting forecast profit before tax to between NZ$39mn and NZ$39mn, up from the previous range of NZ$35mn to NZ$39mn.
The company said the upgrade reflects solid trading through the third quarter, with improved earnings across Seeka’s New Zealand post-harvest and retail services (SeekaFresh) businesses, as well as continued strong performance in orcharding and Australian operations.
This is the second upgraded earnings guidance from Seeka this year. After providing its first earnings guidance for 2025 in June, the company lifted its full year earnings guidance when it announced its interim results in August.
Seeka said it will continue to deliver cost efficiencies and capture benefits from automation and scale, with all operating divisions performing ahead of 2024 results.
“The company remains focused on disciplined capital management, maintaining debt levels well within banking covenants,” it said in a release.
“Investment in growth continues, with two new packing machines ordered for commissioning ahead of the 2026 harvest as part of Seeka’s ongoing automation programme.”
