Seeka Limited Analysis

Overview

Seeka is an integrated horticultural and produce company that grows, processes, distributes and markets high quality produce to world markets. An international business based in New Zealand focused on orchard-to-market excellence.

Seeka's core business is kiwifruit and it is a key supplier of New Zealand fruit to the global kiwifruit trade, via marketer Zespri, with around 21% market share. Seeka has invested capital to increase supply and processing capabilities as the industry anticipates growth with new gold kiwifruit variety.

Seeka continues to expand its product portfolio and capture value in emerging markets such as avocados while growing its geographical reach - now operating in Australia and Northland in addition to the Hawkes Bay, Bay of Plenty and the Coromandel. Seeka has a dominant market share with its Australian grown kiwifruit being supplied to local and export markets and nashi supplied to the local market.

Seeka provides an investment entry point to New Zealand kiwifruit and avocados and is poised for further growth.

Performance

The following information was extracted from Seeka Limited's annual report, released on 27 February 2026

Audited results for year ended 31 December 2025 (FY25)

Listed New Zealand produce handler Seeka Limited, with operations in New Zealand and Australia, reports its audited results for the year ended 31 December 2025.

$440 million operating revenue — up 7% on FY24's $411 million

$96 million EBITDA — up 26% on FY24's $76 million

$48 million net profit before tax — up 60% on FY24's $30 million

$32 million net profit after tax — up 50% on normalised FY24

76 cents earnings per share — up 49% on normalised FY24's 51 cents earnings per share

30 cents per share of dividends paid in FY25

25 cents per share dividend to be paid 15 April 2026

$100m net bank debt — down $37m on 31 December 2024

Seeka is pleased to announce its audited annual results for the year ended 31 December 2025 which includes record profit and returns to shareholders. Seeka’s strategy and operational performance has lifted earnings in each business unit while delivering excellent service and returns to our growers and high-quality fruit to the markets.

Profit after tax of $32.0 million compares to 2024's reported profit of $8.8 million and 2024's normalised profit of $21.2m, after the change in tax deductibility of depreciation on buildings. The profit after tax equates to $0.76 earnings per share compared to 2024's reported $0.21 per share (normalised $0.51 per share).