Zespri lowers net profit guidance for current season

Zespri lowers net profit guidance for current season
Zespri's downgrade comes after a reduction in forecast global supply volumes for 2024. (Image: Zespri)
Rebecca Howard
Global kiwifruit marketer Zespri lowered its full-year net profit guidance for the current season and its forecast per hectare returns dipped, although they remain up on the prior period. Zespri’s corporate net profit after tax is now expected to be between $132 million and $142m, including licence release income, versus prior guidance of $138m to $148m.The downgrade comes following a reduction in forecast Zespri global supply (ZGS) volumes for the 2024 season, and reduced margin on its NZ Supply business from greater time payments a...

More Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Govt to change offshore renewable regime
Primary Sector

Govt to change offshore renewable regime

No-go zones for seabed mining proposed.

Ian Llewellyn 17 Sep 2025