NZ kiwifruit company predicts result in the region of NZ$137mn-147mn, as lower licence revenue continues to affect its bottom line
A downturn in licence revenues is expected to contribute to a 21 per cent fall in net profit at New Zealand kiwifruit marketer Zespri.
In its December Kiwiflier, the company said its corporate net profit after tax for the financial year ending March 2025 was expected to be between NZ$137mn (€76.3mn) and NZ$147mn (€81.7mn), including licence release income.
For the previous financial year, Zespri reported a net profit after tax of NZ$173.3mn (€96.5mn), a marked decline from the NZ$238.7mn (€132.9mn) generated in the previous 12 months and one it attributed mainly to reduced revenue from licensing fees and challenging growing conditions.
Despite a 10.5 per cent drop in sales volumes in 2023/24, Zespri achieved a 2 per cent increase in global sales revenue, reaching NZ$3.99bn (€2.22bn), thanks to strong pricing and improved fruit quality.
