Allied Farmers has reported a decline in profit for the 2025 financial year.
The company's net profit before tax was $4.1 million, down from $7.3m in the previous year, while the net profit after tax attributable to shareholders was $2.9m, compared to $5.2m in FY24.
The lower result was attributed to the absence of a one-off gain of $4.2m recognised in FY24 from the sale and licence-back of NZ Farmers Livestock's interest in the Frankton saleyards.
Excluding the one-off gain, Allied Farmers' underlying profit after tax for FY25 was $3.84m, surpassing the adjusted FY24 result of $2.69m.
The company announced the conditional sale of NZFL to Rural Livestock for $10.988m and said it would seek shareholder approval for the transaction.
Completion is targeted for December 1, 2025.
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