Pāmu gets ‘bold’ with $100m profit target

Pāmu chief executive Mark Leslie. (Image: Supplied)

Fri, 29 Aug 2025

Pāmu has set itself a forecast of reaching over $100 million net operating profit by 2030, which its chief executive says is “bold” considering where it has come from.Essentially, it would mean doubling its 2025 operating profit, which jumped to $49m, a 145% leap compared to the previous year.The state-owned farmer, officially known as Landcorp, reported significantly improved results for the 12 months to the end of June, driven by increased farmgate returns.Net profit after tax surged over 560% to $120m, driven by a $96m ...

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