Latest Horticulture News

Seeka anticipates a drop in net profit for 2026 following a return to typical kiwifruit yields in New Zealand and a weather-hit harvest in Australia. Automation efficiencies are helping to offset rising costs.

Scales Corporation has declared a final FY2025 dividend of 12.5 cents per share, lifting total dividends for the year to 25 cents, representing 59% of underlying net profit. The company also introduced a Dividend Reinvestment Plan offering shares at a 2% discount.

Select Harvests delivered a 33% rise in underlying NPAT despite a wet harvest and higher costs, announcing a fully franked interim dividend and a 10% on-market share buy-back.

New Zealand Rural Land Company posted a stable FY25 with $7.9 million net profit and raised FY26 AFFO guidance, shifting to quarterly dividends targeting 90-100% of AFFO amid a board refresh.

Rivco Australia has locked in a $11.7 million, five-year water lease with Kyndalyn Park, significantly expanding its contracted revenue and leased portfolio to 82% starting July 2026.

Select Harvests Limited has announced the resignation of CEO and Managing Director David Surveyor, who led the company through a significant operational transformation and financial recovery from a loss in FY23 to a $31.8 million profit in FY25. Surveyor will remain for a six-month transition period while the company searches for his successor.

Duxton Farms Limited reported a significant half-year loss driven by acquisition and integration costs following a major portfolio expansion. The company is navigating a strategic shift towards diversified agriculture with plans to stabilise earnings over the coming years.

Lindsay Australia Limited reported a robust 24.9% increase in revenue for the half-year ending December 2025, driven by its strategic acquisition of SRT Logistics and strong divisional performances. However, profit after tax declined 11.7%, reflecting competitive pricing and integration expenses.

Duxton Farms reports mixed Q2 FY2026 results with weather challenges impacting crops but strategic asset sales and a major merger positioning the company for growth.

Duxton Farms has initiated the sale of three major cropping properties near Forbes, NSW, signaling a full exit from broadacre cropping in the region as it pivots towards diversified agricultural investments.

RLF AgTech's second-year durian trial in Vietnam confirms a 38% yield increase and significant plant growth improvements, suggesting a potential 10-fold return on investment with minimal cost rise.

ECS Botanics is set to launch AVANI AVA, a new medicinal cannabis range specifically designed for women’s health, aiming to capture a growing market segment with targeted formulations.