Comvita FY26 slides: return to profit, North America sales double

Comvita Limited, a New Zealand-based Mānuka honey producer, reported a turnaround in its FY26 results, shifting from a loss to profitability while doubling sales in North America. The company's net profit after tax reached NZD 7.7 million, reversing a substantial loss from the previous year, and revenue grew by 10.7% to NZD 213.0 million.

CEO Karl Gradon and CFO Mandy Tomkins-Dancey highlighted the successful completion of a balance sheet reset, repositioning of its geographic revenue mix, and diversification of its market and channel mix. North America emerged as the fastest-growing market, while Greater China's share of total revenue declined. The company's FY26 achievements have fundamentally altered its financial and operational profile, with debt repaid, a more diversified market mix, and stronger operating and capital allocation discipline. Management now shifts focus to ongoing operational improvement and targeted growth.

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