SEK - Seeka

[alkebab]

Correct me if I am wrong. SEK divs for this year were March 5c, Sept 15c and Dec 10c. From my calculations = 30c with yld of 6.46%. Am trying to figure out why Morningstar updated numbers are divs 25c at 5.38% yld. ?? Have reached my target on 19th Dec 

Their FY is Jan-Dec, but only go ex-div in Sep, Dec, March. So the March 2025 dividends is from the previous FY. But the company still likes to report the dividends paid out in a year, so it throws people off.

The FY25 final dividends will probably come in March 2026 assuming they follow the same pattern. Doesn't help that the NZX also listed the Dec 24 and MAR25 as "Final" dividends. lol.

https://www.nzx.com/instruments/SEK/dividends

[seaweed]

Their FY is Jan-Dec, but only go ex-div in Sep, Dec, March. So the March 2025 dividends is from the previous FY. But the company still likes to report the dividends paid out in a year, so it throws people off.

The FY25 final dividends will probably come in March 2026 assuming they follow the same pattern. Doesn't help that the NZX also listed the Dec 24 and MAR25 as "Final" dividends. lol.

https://www.nzx.com/instruments/SEK/dividends

Thank you got it. The March 2025 5c div is not included in the yld shown. So if the March 2026 div happens to be 5c again then that will bring the yearly div up to 30c.

[alkebab]

Thank you got it. The March 2025 5c div is not included in the yld shown. So if the March 2026 div happens to be 5c again then that will bring the yearly div up to 30c.

Hehe. At the current guidance we are looking at another 10c minimum come March. 15c isn't totally out of the question...

I think we'll get another guidance update for FY25 around late Jan 2026 just like this year. That could bump the next dividend to over 15c even.

We've had a few guidance updates this year and each time the profit has been lifted by 2-3 million, which also tracks well to their guidance update figures last year, so based on this I'm expecting another decent bump in January for FY25.

This method is totally un-scientific and is for entertainment purposes only.

[lorraina]

https://stockhead.cmail20.com/t/d-l-giyljkt-yupddjlly-b/

[Mos]

25c dividend declared taking full year to 50c. Not bad for stock trading around $5. Good coverage of Seeka on the other channel. Strange way of doing things from a disclosure perspective to announce dividend today and results tomorrow.

[alkebab]

25c dividend declared taking full year to 50c. Not bad for stock trading around $5. Good coverage of Seeka on the other channel. Strange way of doing things from a disclosure perspective to announce dividend today and results tomorrow.

...........and I said 15c wasn't totally out of the question. lol. Pity it is still flying under the radar.

[lorraina]

26 February 2026
Seeka Announces 25 cent Dividend
Seeka Ltd [NZX:SEK] announces a fully imputed dividend of 25 cents per share to be paid on 15 April
2026, with a record date of 20 March 2026.
The company advises that the dividend reinvestment plan (DRP) will apply to this dividend and the
strike price for conversion of cash dividends into shares under the DRP will be determined based on
the VWAP share price over 15 business days from and including the ex-date. A 2% discount will be
applied to the VWAP.

[Mos]

...........and I said 15c wasn't totally out of the question. lol. Pity it is still flying under the radar.

Yes. Indicates the result they will announce tomorrow is going to be very strong. Why they would announce the dividend first when the result must be finalised to declare the dividend I don't know. Anyway, great news for holders.

[Turkey]

It's a Seeka tradition to announce dividend the day prior to report. They done it for a few seasons now or at least since they restarted paying dividends.

I think it like putting milk and cookies or a beer out for Santa even though the presents already chosen and wrapped.

[lorraina]

Seeka Announces its 31 December 2025 result
27/02/2026, 09:00 NZDT, FLLYR
Audited results for year ended 31 December 2025 (FY25)

Listed New Zealand produce handler Seeka Limited, with operations in New Zealand and Australia, reports its audited results for the year ended 31 December 2025.

$440 million operating revenue — up 7% on FY24's $411 million

$96 million EBITDA — up 26% on FY24's $76 million

$48 million net profit before tax — up 60% on FY24's $30 million

$32 million net profit after tax — up 50% on normalised FY24

76 cents earnings per share — up 49% on normalised FY24's 51 cents earnings per share

30 cents per share of dividends paid in FY25

25 cents per share dividend to be paid 15 April 2026

$100m net bank debt — down $37m on 31 December 2024

Seeka is pleased to announce its audited annual results for the year ended 31 December 2025 which includes record profit and returns to shareholders. Seeka's strategy and operational performance has lifted earnings in each business unit while delivering excellent service and returns to our growers and high-quality fruit to the markets.

Profit after tax of $32.0 million compares to 2024's reported profit of $8.8 million and 2024's normalised profit of $21.2m, after the change in tax deductibility of depreciation on buildings. The profit after tax equates to $0.76 earnings per share compared to 2024's reported $0.21 per share (normalised $0.51 per share).

The company benefited from an excellent kiwifruit growing season in New Zealand which delivered a record 47.1m trays. Fruit quality delivered from growers and Seeka's orcharding operations was excellent, enabling efficiencies. The fruit was well handled with the resulting quality delivered to the market comparatively excellent.

SeekaFresh and Seeka Australia benefited from stronger volumes and new category sales lifting earnings in both.

Seeka has continued to focus on its core business, driving efficiencies and controlling costs through innovation and automation which has helped lift EBITDA by 26% to $95.9m.

The company has continued to invest in core infrastructure with significant risk mitigation through a targeted programmed maintenance project focused on plantrooms and switchboards. New plant capacity is being commissioned at Huka Pak, Orangewood and Kerikeri and leased coolstore increases at Pioneer.

Seeka has prudently managed debt. Total debt of $100.3m is down $37.0m from December 2024 and compares to $172.4m at the same time in 2023.

Seeka has announced a dividend of $0.25 per share to be paid on 15 April 2026 to all shareholders on the register on 20 March 2026. The dividend will be fully imputed and the reinvestment plan will apply.

Seeka chief executive, Michael Franks, says "Seeka was pleased with the results. From a focused strategy, and the efforts of many, we achieved record profitability and financial resilience was rebuilt into the balance sheet.

"While it is too early to reliably indicate 2026, the company enters the year in great shape and ready for the year ahead", says Franks.

[Mos]

Great result and impressive debt reduction.

[seaweed]

Great result and impressive debt reduction.

Yes a good result. It is one of my better performers in last 5 months up about 11% not including dividends from Oct and Dec and now another 25c in a few weeks. My calcs are telling me the YLD is about 9.7% at $5.19.    

[seaweed]

Seeka Announces its 31 December 2025 result
27/02/2026, 09:00 NZDT, FLLYR
Audited results for year ended 31 December 2025 (FY25)

Listed New Zealand produce handler Seeka Limited, with operations in New Zealand and Australia, reports its audited results for the year ended 31 December 2025.

$440 million operating revenue — up 7% on FY24's $411 million

$96 million EBITDA — up 26% on FY24's $76 million

$48 million net profit before tax — up 60% on FY24's $30 million

$32 million net profit after tax — up 50% on normalised FY24

76 cents earnings per share — up 49% on normalised FY24's 51 cents earnings per share

30 cents per share of dividends paid in FY25

25 cents per share dividend to be paid 15 April 2026

$100m net bank debt — down $37m on 31 December 2024

Seeka is pleased to announce its audited annual results for the year ended 31 December 2025 which includes record profit and returns to shareholders. Seeka's strategy and operational performance has lifted earnings in each business unit while delivering excellent service and returns to our growers and high-quality fruit to the markets.

Profit after tax of $32.0 million compares to 2024's reported profit of $8.8 million and 2024's normalised profit of $21.2m, after the change in tax deductibility of depreciation on buildings. The profit after tax equates to $0.76 earnings per share compared to 2024's reported $0.21 per share (normalised $0.51 per share).

The company benefited from an excellent kiwifruit growing season in New Zealand which delivered a record 47.1m trays. Fruit quality delivered from growers and Seeka's orcharding operations was excellent, enabling efficiencies. The fruit was well handled with the resulting quality delivered to the market comparatively excellent.

SeekaFresh and Seeka Australia benefited from stronger volumes and new category sales lifting earnings in both.

Seeka has continued to focus on its core business, driving efficiencies and controlling costs through innovation and automation which has helped lift EBITDA by 26% to $95.9m.

The company has continued to invest in core infrastructure with significant risk mitigation through a targeted programmed maintenance project focused on plantrooms and switchboards. New plant capacity is being commissioned at Huka Pak, Orangewood and Kerikeri and leased coolstore increases at Pioneer.

Seeka has prudently managed debt. Total debt of $100.3m is down $37.0m from December 2024 and compares to $172.4m at the same time in 2023.

Seeka has announced a dividend of $0.25 per share to be paid on 15 April 2026 to all shareholders on the register on 20 March 2026. The dividend will be fully imputed and the reinvestment plan will apply.

Seeka chief executive, Michael Franks, says "Seeka was pleased with the results. From a focused strategy, and the efforts of many, we achieved record profitability and financial resilience was rebuilt into the balance sheet.

"While it is too early to reliably indicate 2026, the company enters the year in great shape and ready for the year ahead", says Franks.

Numbers are looking good there lorraina. Sp up again today. I bought more today and yesterday. Lot of talk on the other channel about SEK. A thank you to Toddy for his input and info. Next target price $5.40. There is only 44.193 million shares and looking like they are tightly held. Kiwi Keith on other channel also mentioned if you have over 103,000 shares you go into the top 50 shareholders group at back of Ann Report.    

[seaweed]

Reminder SEK presentation starts at 10am. Thank you Basil for yesterdays ST meeting a good turn out of past Stocktalkers and a couple of new faces.