Seeka Limited · NZX:SEK
Seeka — Shareholder Meeting (April 2026)
26 slides from Seeka's shareholder meeting presentation, Apr 15, 2026
Slide 1: Annual Shareholder Meeting 15 April 2026
Annual Shareholder Meeting 15 April 2026
Slide 2: Agenda
Agenda 1 Introduction to meeting 2 Chair’s introduction 3 Chief Executive’s report 4 Resolutions 5 Questions and General Business 2
Slide 3: Introducing Directors
Introducing Directors For re-election For re-election Hayden Cartwright Cecilia Tarrant Mark Dewdney Audit & Risk Committee People & Capability Committee Chairman Sustainability Committee Sustainability Committee (Chair) Hayley Gourley Sharon Cresswell Ratahi Cross Stewart Moss Audit & Risk Committe
Slide 4: Proxies
Proxies Chair of the Meeting 11,918,733 New Zealand Shareholders Association 1,006,168 Michael Franks 234,662 Total 13,159,563 4
Slide 5: Chair’s Introduction
Chair’s Introduction Mark Dewdney
Slide 6: Our business
Our business Connecting sustainable produce to the world Seeka grows, processes and supplies 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 providing a
Slide 7: Performance to strategy
Performance to strategy Delivering excellent returns to shareholders Operational excellence 1 Focused on core business Financial performance 2 Record profit, record earnings, dividends, lower debt, 15% ROCE Post harvest optimisation 3 Optimising capacity, timely harvest, productivity gains through a
Slide 8: Financial Highlights
Financial Highlights 1 $440m Revenue – up 7% Performance across all business units 2 Increased kiwifruit volumes | SeekaFresh EBITDA – up 24% | 5615 tonnes grown in Australia – up 25% 3 $96m EBITDA – up 26% 4 $47.5m profit before tax – up 60% 5 76 cents earnings per share – up from 51 cents pre defe
Slide 9: Chief Executive’s report
Chief Executive’s report Michael Franks
Slide 10: Group financial performance
Group financial performance NZD $millions FY25 FY24 Change $440m Revenue Up 7% on $411m FY24 Revenue 439.6 411.4 7% Cost of sales 313.7 306.5 2% $96m EBITDA Gross profit 125.9 104.9 20% Up 26% on $76m FY24 EBITDA 95.9 76.1 26% $47.5m Net profit before tax EBIT 62.6 46.8 34% Up 60% on $29.7m FY24 Net
Slide 11: Balance sheet
Balance sheet Net bank debt 31 December NZD $millions FY25 FY24 Change Non current liabilities - excludes debt $100.3m net bank debt at December 2025 Lease liabilities (current and non current ) ( 81.7) ( 62.6) 31% − $37.0m repaid since December 2024 – 27% decrease Deferred tax liability ( 45.7) ( 4
Slide 12: Earnings per share and dividends
Earnings per share and dividends FY25 FY24 76 cents per share earnings per share 1 Net profit $ 32.0 m $ 8.8 m 265% Weighted shares on issue 41.9 m 41.6 m 1% 30 cents per share total dividend in FY25 Earnings per share 1 $ 0.76 $ 0.21 262% − 5 cents per share April 2025 − 15 cents per share October
Slide 13: Orchard business
Orchard business – led by Barry Penellum Foundation of Seeka’s orchard-to-market business NZD $millions FY25 FY24 Change Grew 19m class 1 trays of kiwifruit – up 10% on FY24 − 40% of crop handled by post harvest Revenue 117.3 102.7 14% − 5.5m trays grown on Seeka’s leased orchards, up 17% EBITDA 10.
Slide 14: Post harvest business
Post harvest business – led by Paul Crone Core business that connects growers to their markets NZD $millions FY25 FY24 Change Packed 47.1m class 1 trays of kiwifruit – up 10% on FY24 Revenue 276.6 257.4 7% $105.0m EBITDA – up 16% EBITDA 105.0 90.4 16% EBIT 85.5 71.5 19% Automation innovation to deli
Slide 15: Retail services business
Retail services business – led by Kate Bryant and Jim Smith Marketing produce to domestic and international retailers NZD $millions FY25 FY24 Change $3.2m EBITDA – up 24% − Growth in tropical fruit, kiwiberry, kiwifruit and citrus sales Turnover 82.9 67.5 23% − Kiwi CrushTM and Kiwi CrushiesTM sales
Slide 16: Seeka Australia business
Seeka Australia business – led by Jon van Popering Orchard-to-market service NZD $millions FY25 FY24 Change Grew and sold 5,615 tonnes of fruit – up 25% Revenue 21.6 19.2 13% $4.7m EBITDA – up 48% EBITDA 4.7 3.2 48% − Improved pear and nashi yields EBIT 1.4 0.7 94% Good demand for Australian-grown f
Slide 17: 2026 Update
2026 Update Zespri forecasting 220m trays of NZ kiwifruit in harvest 2026 − Approximately 83m trays packed to date in the industry − Seeka forecasting 45m to 47m trays – currently packed approximately 18m trays, and packing to estimate Climatic and global environment − Cyclone Vaianu no damage to si
Slide 18: Capacity and automation upgrades
Capacity and automation upgrades Preparing Seeka for harvest 2026 18
Slide 19: Resolutions
Seeka Resolutions Mark Dewdney
Slide 20: Meeting process
Meeting process Online voting and asking questions The voting box Question box 20
Slide 21: Resolution 1. Director election – Hayden Cartwright
Resolution 1. Director election – Hayden Cartwright To consider, and if thought fit, pass the following as an ordinary resolution: “To re-elect Hayden Cartwright as a Director” − Hayden Cartwright retires by rotation and is standing for re-election − Board supports and recommends Hayden Cartwright f
Slide 22: Resolution 2. Director election – Cecilia Tarrant
Resolution 2. Director election – Cecilia Tarrant To consider, and if thought fit, pass the following as an ordinary resolution: “To re-elect Cecilia Tarrant as a Director” − Cecilia Tarrant retires by rotation and is standing for re-election − Board supports and recommends Cecilia Tarrant for re-el
Slide 23: Resolution 3. Appointment and Remuneration of Auditors
Resolution 3. Appointment and Remuneration of Auditors To consider, and if thought fit, pass the following as an ordinary resolution: "To record the re-appointment of Grant Thornton as auditor of the Company, and to authorise the Directors to fix the remuneration and expenses of the auditor for the
Slide 24: Questions and General Business
QUESTIONS AND GENERAL BUSINESS 24
Slide 25: End of Meeting
END OF MEETING Shareholders have 5 minutes left to cast your vote 25
Slide 26: seeka.co.nz
seeka.co.nz Click to visit the Seeka website