Allied Farmers has reported a decline in profit for the 2024-25 financial year.
The company had an unaudited net profit before tax of $4.06 million, compared to $7.31m in the previous year.
The unaudited net profit after tax attributable to Allied Farmers' shareholders was $2.87m, down from $5.21m.
The decrease in profit was attributed to a one-off $4.2m gain in the previous year, which was related to the sale and licence back of NZ Farmers Livestock's interest in the Frankton saleyards.
Excluding this one-off gain, Allied Farmers' profit after tax in FY25 was $3.84m, higher than the adjusted profit of $2.69m in FY24.
The company said the increase was primarily due to improved earnings from NZ Farmers Livestock.
Allied Farmers' basic earnings per share decreased by 44.6% to 9.96 cents per share.
The company also announced that it would not be paying dividends for FY25.
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