Seeka Responds to Market Speculation

7 November 2025
Seeka Responds to Market Speculation
Seeka Limited (NZX:SEK) responds to market speculation about an incident of fraud in the company.
Seeka confirms that it has detected a series of invoicing irregularities in the company which it has
been investigating with the assistance of independent forensic accountants. The total cost of the
fraud is less than $350k and the impact on the current year earnings is $200k. There is no impact
from this issue on the guidance range of the full year earnings at a profit before tax level in the
current year which is currently between $39.0m and $43.0m.
The issue has been detected relatively early and Seeka is reviewing all payment processes to ensure
that the risk of fraud is minimised. All relevant regulatory authorities have been notified, Seeka is
pursuing full recovery, and the matter may be placed before the Courts.

Release ends:
For further information please contact:

Michael Franks Seeka Chief Executive Officer +64 21 356 516
Nicola Neilson Seeka Chief Financial Officer +64 21 841 606