Norwood’s losses mount as revenue slumps further

Norwood's head office in Palmerston North. (Image: NZME)

Wed, 06 Aug 2025

Norwood has posted deeper losses as revenue slumped for another year.It’s also retained “material uncertainty related to going concern” on its books for a second year, having lost a long-held agreement to sell the New Holland brand in 2023.The agricultural machinery distributor had revenue of $132.9 million in the 12 months to December 2024, down from $185.6m in 2023, and $309.3m in 2022.It recorded a loss after tax of $35.7m in the most recent 12-month period, compared to $28.2m in 2023.The Palmerston North-headquartered...

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