Latest Horticulture News

Seeka has raised its full-year profit before tax guidance after strong third-quarter trading, with citrus growth and New Zealand kiwifruit returns adding to margin gains. The company now expects profit before tax of $41.0 million to $45.0 million.

PGG Wrightson delivered a sharp improvement in FY26 earnings, with Operating EBITDA up 15% to NZ$64.3 million and net profit rising 46% to NZ$15.6 million. The result supports a fully imputed 5.5 cents per share final dividend, although debt and GO-STOCK receivables have also expanded.

Ashley Services Group delivered a standout FY26 with revenue up 16.7% to $602.2 million and net profit after tax surging 189.5% to $6.29 million, supported by margin gains across key sectors and a strategic acquisition.

New Zealand Rural Land Company posted a 36% rise in net profit for the first half of 2026 but suspended full-year guidance due to the liquidation of a key tenant, Kiwi Crunch Farms, which represents nearly 6% of rental income.

Scales Corporation delivered a record first half in 2026 with revenues soaring 105% to NZ$762.1 million and underlying EBITDA up 18% to NZ$102.2 million. The diversified agribusiness raised its full year profit guidance despite challenges in Europe and the Middle East.

Lindsay Australia Limited reported a 31.5% rise in net profit after tax to A$22.9 million for FY26, driven by full-year SRT Logistics integration and organic growth. The company declared a fully franked 1.7 cent final dividend and secured a major Woolworths secondary freight contract in North Queensland.

Seeka Ltd (NZX:SEK) has announced a fully imputed dividend of 20 cents per share, payable in October, alongside a reinstatement of its biannual dividend schedule. The dividend reinvestment plan offers a 2% discount on shares acquired via the plan.

PGG Wrightson posted a robust FY26 with $1.1 billion revenue and a 46% jump in net profit, driven by strong livestock prices and strategic acquisitions.

Skin Elements has secured an exclusive New Zealand distribution agreement for its ECO-Nurture bio-stimulant, raised $1.47 million through options and placement, and refreshed its board after shareholder votes.

BCI Minerals has reached 85% construction completion at its Mardie Salt Operation and Potash Project, with salt crystallisation commenced and 49,000 tonnes produced. The project remains fully funded and on budget, progressing towards first salt shipment in early 2027, weather permitting.

Strategic Elements has begun building a pocket-sized Moisture Energy Dock that uses its Energy Ink™ technology to charge standard lithium-ion batteries from moisture alone, aiming to power a Nokia feature phone call without any external power source.

Booster Investment Scheme 2's Private Land and Property Fund swung back to profit with NZD 1.3 million after tax for the year ended March 2026, despite net asset value slipping due to unit redemptions. The Fund’s investment portfolio remains concentrated in unlisted New Zealand agricultural and property assets, while its Manager faces unrelated FMA proceedings.