Seeka Provides Full Year Earnings Guidance

19 June 2024
Seeka Provides Full Year Earnings Guidance
Following the successful completion of the kiwifruit harvests in New Zealand and Australia Seeka
Limited [NZX:SEK] advises that it has completed its financial forecasts for the year ending 31
December 2024 indicating an expected net profit before tax in the range of $15 million to $19
million. This compares to a net loss before tax of $21 million in the prior year.
This financial guidance reflects the significant recovery of kiwifruit volumes and expected net
earnings of all Seeka’s business in New Zealand and Australia. The company remains focussed on
maximising operational net earnings and continuing to reduce debt.
Seeka has worked proactively with its banking syndicate over the past two years and expects to be
back within long-term banking covenants in the 2024 year. The Board may be able to consider
dividends later in the year when the financial forecast is more certain.
Seeka is a seasonal business and expects to record a greater proportion of the full year profit in the
first six months ended 30 June 2024. The Company will release its 6 month results by 29 August
2024.

Release ends:
For further information please contact:

Michael Franks Seeka Chief Executive officer +64 21 356516
Nicola Neilson Seeka Chief Financial officer +64 21 841606