Allied Farmers has announced that its operating earnings for the 2025 financial year are expected to be significantly higher than the previous year.
The increase in earnings is attributed to the strong performance of its 67% owned subsidiary, NZ Farmers Livestock.
The company said the higher operating earnings were driven by a buoyant agricultural sector, which resulted in increased transaction volumes and prices.
However, Allied Farmers said earnings from NZ Rural Land Management, the manager of NZ Rural Land Company, are anticipated to be lower than in FY24.
Despite this, it said the decline would not have a material impact on the overall performance of the company.
Allied's results are still subject to a technical accounting review and statutory audit, with the audited financial results set to be announced on or before August 29, 2025.
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