Pāmu narrows profit forecast, expects record year

Pāmu chief executive Mark Leslie. (Image: Supplied)

Thu, 24 Jul 2025

Pāmu is expecting to report a full-year net operating profit of between $46 million and $49m.That’s a narrowed forecast range from between $43m and $51m put out in March.The state-owned farmer, branded as Pāmu Farms of New Zealand in full but formally known as Landcorp, also expects a net profit after tax for the year to June of between $119m and $122m.It would represent a record profit across both measures for the company. In 2024, Pāmu reported a net operating profit of $20m and posted a net loss after tax of $26m.'Market-drive...

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