Seeka Limited · NZX:SEK
Seeka — Shareholder Meeting (October 2026)
26 slides from Seeka's shareholder meeting presentation, Oct 15, 2026
Slide 1: Special Meeting of Shareholders and Stakeholder Meeting
Special Meeting of Shareholders and Stakeholder Meeting 15 October 2026
Slide 2: Agenda
Agenda 1 Introduction to meeting 2 Chair’s introduction 3 Chief Executive’s report 4 Resolution 5 Questions and General Business 2
Slide 3: Proxies
Proxies Chair of the Meeting 13,010,082 New Zealand Shareholders Association 1,272,950 Cecilia Tarrant 124,741 Michael Franks 11,427 Total 14,419,200 3
Slide 4: Chair's Introduction
Chair’s Introduction Hayley Gourley
Slide 5: Seeka Board
Seeka Board ➢ Hayley Gourley stepped into the Seeka Chair role ➢ Mark Dewdney has resigned as a Director ➢ Effective 15th October 2026 5
Slide 6: Our business
Our business Connecting sustainable produce to the world Seeka grows, processes, supplies, and markets produce to domestic and international consumers Orcharding service 1 Delivering a valuable service to growers and securing sustainable volumes to post harvest Post harvest service 2 Core business p
Slide 7: Record half year profit
Record half year profit 1 $62.6m net profit before tax – up 5% Automation and innovation enabled efficiency gains 2 3 new Reemoon solutions | Post harvest EBIT up 7% on 4% less kiwifruit 3 $1.07 earnings per share – up 19% $11m reduction of net bank debt since Jun 2025 4 $51m reduction since June 20
Slide 8: New Capacity Investment in Gisborne Region Announced
New Capacity Investment in Gisborne Region Announced ➢ Adjacent packhouse to existing packhouse to be refurbished. ➢ New Reemoon packing machine ordered, highly automated. ➢ Total investment estimated at $15.5m. ➢ Alleviates risk posed by fragile Waioweka gorge. ➢ Aligns with local port infrastructu
Slide 9: FY26 full year operational guidance
FY26 full year operational guidance Seeka reconfirms FY 2026 guidance range FY26 FY26 FY25 Forecasting full year net profit before tax between Guidance Guidance Full year $41.0m and $45.0m Lower range Upper range Actuals Net profit before tax $ 41.0 m $ 45.0 m $ 47.5 m Below $47.5m achieved in FY25
Slide 10: Chief Executive's Report
Chief Executive’s Report Michael Franks
Slide 11: Automation delivers efficiency gains and lifts margins
Automation delivers efficiency gains and lifts margins NZ kiwifruit crop down following exceptional growing year in 2025 1 45.4m Class 1 trays packed | Lower volumes for Orcharding and Post harvest | Australia also down Delivered excellent operational performance 2 Excellent quality from growers | E
Slide 12: Increased earnings in spite of lower crop
Increased earnings in spite of lower crop NZ kiwifruit crop down 4%, earnings up 3% from efficiency gains 1H26 1H25 $305.5m Revenue, down 1% on June 2025 ( 1H25 ) $ millions Unaudited Unaudited Change − NZ kiwifruit crop down 4% Revenue 305.5 307.9 ( 1%) Cost of sales 184.6 188.2 ( 2%) $86.3m EBITDA
Slide 13: Balance sheet
1H26 1H25 Balance sheet $ millions Unaudited Unaudited Change Current assets - excludes cash Capital employed at 30 June Trade and other receivables 116.7 121.8 ( 4%) Biological assets - crop 2.6 2.4 8% Assets held for sale 1.0 - - $591.9m capital employed Inventories 31.2 28.5 10% − Up 5% on 1H25 1
Slide 14: Balance sheet
Balance sheet Net bank debt at 30 June $119.8m net bank debt at June 2026 1H26 1H25 $ millions Unaudited Unaudited Change − $10.8m decrease on June 2025 − $51.1m decrease on June 2024 Non-current liabilities - excludes debt Lease liabilities 83.4 80.7 3% (current and non current ) $184.0m facility f
Slide 15: Earnings per share and dividends
Earnings per share and dividends $1.07 Earnings per share 1 1H26 1H25 FY25 Unaudited Unaudited Change Audited − Up 19% from $0.90 Net profit $ 45.4 m $ 37.8 m 20% $ 32.0 m Dividends paid Weighted shares on issue 42.5 m 42.1 m 1% 41.9 − $0.50 paid out over the 12 months to June 2026 Earnings per shar
Slide 16: Orchard operations
Orchard operations Growing kiwifruit, avocado, and kiwiberry in New Zealand 1H26 1H25 FY25 Supplied 39% of Seeka’s post harvest business in 2026 $ millions Unaudited Unaudited Change Audited Focus on growing high-quality crops generating high Revenue 63.6 69.4 ( 8%) 117.3 returns for orchard owners
Slide 17: Post harvest operations
Post harvest operations Packing, coolstoring, and shipping kiwifruit and avocado for New Zealand orchard owners 1H26 1H25 FY25 Generated 68% of Seeka’s revenues 1H26 $ millions Unaudited Unaudited Change Audited Focus on supplying quality service and produce Revenue 206.6 204.6 1% 276.6 EBITDA 83.2
Slide 18: SeekaFresh retail services operations – market facing business
SeekaFresh retail services operations – market facing business Marketing Class 2 kiwifruit and avocado, packing kiwiberry, selling imported fruit, and Kiwi Crush production 1H26 1H25 FY25 Connecting Seeka to the market $ millions Unaudited Unaudited Change Audited Creating new revenue streams Revenu
Slide 19: Australian operations
Australian operations Growing, packing, and retailing kiwifruit and other Australian produce on owned and leased orchards 1H26 1H25 FY25 Integrated orchard-to-market business NZD $ millions Unaudited Unaudited Change Audited Revenue 22.2 22.2 0% 21.6 $22.2m Revenue – same as pcp EBITDA 4.5 6.4 ( 29%
Slide 20: Focus for 2027
Focus for 2027 1 Deliver operational excellence and financial results 2 Drive efficiencies from the automated packlines 3 Capacity increases to meet demand for Seeka’s services 4 Renew capacity and automation plans 5 Capital management strategy in place 20
Slide 21: Resolution
Resolution Hayley Gourley 21
Slide 22: Resolution. Approval of Financial Assistance and Share Issue for Grower Loyalty Share Scheme
Resolution. Approval of Financial Assistance and Share Issue for Grower Loyalty Share Scheme Scheme Purpose Scheme Overview The scheme encourages and rewards loyalty to the 1.5m maximum shares issued company and secures supply and earnings − 44.6m shares currently issued − Issues shares at market pr
Slide 23: Resolution. Approval of Financial Assistance and Share Issue for Grower Loyalty Share Scheme
Resolution. Approval of Financial Assistance and Share Issue for Grower Loyalty Share Scheme To consider, and if thought fit, pass the following as an ordinary resolution: “That Seeka: a) issue up to 1,500,000 new ordinary shares in Seeka, at the issue price described in the explanatory notes, pursu
Slide 24: Meeting process
Meeting process Online voting and asking questions The voting box Question box 24
Slide 25: Questions and General Business
QUESTIONS AND GENERAL BUSINESS 25
Slide 26: seeka.co.nz
seeka.co.nz Click to visit the Seeka website