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How Allied Farmers Limited makes money — FY2025
Revenue $30.6m · EBITDA $5.2m (16.9% of revenue) · Net profit $2.9m (9.4% of revenue) · Balance date 30 June 2025
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $30.6m | Reported | |
| Operating costs (net of other income) | −$25.4m | Derived * | Reported operating expenses $17.7m do not reconcile; not used. |
| EBITDA | $5.2m | Reported | |
| Depreciation & amortisation | −$1.2m | Reported | |
| EBIT | $4.0m | Reported | |
| Interest (net finance costs) | −$703k | Reported | |
| Income tax | −$225k | Reported | |
| Other items (net cost) | −$167k | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $2.9m | Reported |
- * operating costs: $25.4m = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Allied Farmers Limited Annual Report (PDF, NZX)
Allied Farmers Limited board of directors
3 current directors, 67% independent, average tenure 9.5 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Shelley Maree Ruha | Chair | Yes | 2022 | 4.0 yrs | — |
| Richard Milsom | Executive Director | No | 2023 | 3.6 yrs | — |
| Philip C Luscombe | Independent Director | Yes | 2005 | 20.9 yrs | — |
ALF governance score breakdown
Allied Farmers Limited scores 77/100 (Very Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 18/25
- Shareholder rights
- 19/20
- Executive remuneration
- 5/10
ALF dividends
The most recent Allied Farmers Limited dividend on record is 1.20 cents per share, for FY2021 (annual).
Allied Farmers Limited largest shareholders
Top 10 registered holders of ALF as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Waf Limited | 19.99% |
| 2 | Rem Trustee Limited | 12.45% |
| 3 | Custodial Services Limited | 4.64% |
| 4 | Wairahi Investments Limited | 4.51% |
| 5 | FNZ Custodians Limited | 4.05% |
| 6 | Donald Clifton Jacobs | 2.88% |
| 7 | Graeme Stuart Lord & Lisa Anne Lord | 2.80% |
| 8 | New Zealand Depository Nominee | 2.03% |
| 9 | Dfs Investment Partners Llc | 1.81% |
| 10 | Rpmilsom Investments Limited | 1.78% |
Recent ALF NZX announcements
The 10 most recent filings by Allied Farmers Limited to the NZX.
- Notice of Annual Meeting and Director NominationsAGM
- SPH Notice Richard MilsomSubstantial Holder Notice
- D&O Interests Initial Disclosure - Stephen ReidInsider/Shareholder Notice
- Performance Share Rights IssueCapital Raise
- SPH Notice - Richard MilsomSubstantial Holder Notice
- Capital Change Notice - Vesting of Performance Share RightsCapital Change
- FY26 Annual ReportAnnual Report
- Market Update - Sale of NZ Farmers LivestockM&A
- Half Year Results to 31 December 2025Half Year Results
- Sale of NZ Farmers Livestock CompletedM&A
Allied Farmers Limited (ALF) — frequently asked questions
What does Allied Farmers Limited do?
Allied Farmers provides rural services including livestock trading, rural real estate, and financial services to New Zealand's agricultural sector. Allied Farmers Limited is listed on the NZX under the ticker ALF, in the Financials sector.
What is the Allied Farmers Limited (ALF) share price?
Allied Farmers Limited (NZX:ALF) shares closed at $0.59 on 22 October 2026, unchanged on the previous close. At that price its market capitalisation was about $17 million, based on 28,806,000 shares on issue as at 30 June 2025.
Who are the directors of Allied Farmers Limited?
Allied Farmers Limited has 3 current directors: Shelley Maree Ruha (Chair), Richard Milsom (Executive Director) and Philip C Luscombe (Independent Director). 2 of the 3 are recorded as independent (67%). Average board tenure is 9.5 years.
Who is the chair of Allied Farmers Limited?
Shelley Maree Ruha chairs the Allied Farmers Limited board, and has been a director since 2022.
Who is the CEO of Allied Farmers Limited?
Richard Milsom is the Managing Director of Allied Farmers Limited.
What was Allied Farmers Limited's most recent dividend?
The most recent Allied Farmers Limited dividend on record is 1.20 cents per share for FY2021 (annual).
What is Allied Farmers Limited's dividend yield?
Allied Farmers Limited paid no ordinary dividend with an ex-date in the 12 months to 22 October 2026, so its trailing dividend yield is 0%. The last ordinary dividend on record was 2.00 cents per share, ex-dividend 13 December 2019.
Who are the largest shareholders of Allied Farmers Limited?
The largest registered holder of ALF shares in the FY2025 top-20 register was Waf Limited, with 19.99%, followed by Rem Trustee Limited (12.45%) and Custodial Services Limited (4.64%).
What is Allied Farmers Limited's governance score?
Allied Farmers Limited has an NZXplorer Governance Risk Score of 77/100 (Very Good) for FY2026, based on 73% data coverage.
When is the Allied Farmers Limited annual meeting?
Allied Farmers Limited's next annual meeting is scheduled for 19 November 2026.
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