PBT up 60% and leverage halved to 1.0x on post-harvest strength
NPAT's 265% jump overstates the operating read, as the effective tax rate fell from 70.5% to 32.7% of pre-tax profit.
Published 23 April 2026
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NPAT's 265% jump overstates the operating read, as the effective tax rate fell from 70.5% to 32.7% of pre-tax profit.
Published 23 April 2026
Read briefingPost-harvest margins drove a near-tripling of EBITDA, but a 70.6% effective tax rate muted the NPAT recovery to just $8.8m.
Published 23 April 2026
Read briefingA kiwifruit volume collapse cut gross profit 29% and turned the second half deeply loss-making, leaving gross borrowings at ~6.8x EBITDA.
Published 23 April 2026
Read briefingPost-harvest margins held near 24.5%, but orchard losses, a 77% drop in operating cash and rising debt reshape the balance-sheet trajectory.
Published 23 April 2026
Read briefingRevenue grew 12.5% but kiwifruit yield and labour pressures drove a negative second half, negative free cash flow and a jump in net debt to NZD...
Published 21 April 2026
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