{
  "id": 3871402,
  "title": "Comvita FY26 slides: return to profit as North America sales double",
  "url": "https://urgent.news/2026/08/28/comvita-fy26-slides-return-to-profit-as-north-america-sales-double",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T02:43:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/comvita-fy26-slides-return-to-profit-as-north-america-sales-double-93CH-4880466"
  },
  "original_language": "en",
  "account": "Comvita Limited (NZX:CVT) reported its FY26 results on August 28, 2026, with a return to profitability and significant geographic revenue shifts. CEO Karl Gradon and CFO Mandy Tomkins-Dancey detailed the turnaround in their presentation. Operating profit reached $14.0 million, a $43.0 million improvement from a $29.0 million loss in FY25. North American sales more than doubled to $58.7 million, while Greater China sales declined to $73.6 million. The company's revenue increased by 10.7% to $213.0 million, with gross margin expanding to 53.9%. Net profit after tax improved to $7.7 million, up $112.5 million from the previous year's loss. Financial structures were strengthened with a recapitalization and refinancing, bringing F&N on board as a strategic investor. Operating expenses declined 10.7% to $102.2 million, and free cash flow improved to $30.3 million. Inventory levels normalized to $79.9 million, within the company's target range. The Mānuka honey market evolved, with New Zealand hive numbers declining but export values reaching $482 million in 2025. North America became the primary growth driver, while Greater China faced headwinds. Despite challenges, Comvita maintained its #1 brand position and led in online sales.",
  "summary": null,
  "key_points": [
    "Comvita returns to profit with $14.0 million operating profit",
    "North America sales double to $58.7 million, outpacing Greater China",
    "Financial structures strengthened with F&N as strategic investor"
  ],
  "editors_take": "Comvita's return to profitability, driven by doubled North America sales, marks a significant shift in geographic revenue, with the region emerging as a primary growth driver and Greater China facing challenges.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Comvita FY26 slides: return to profit, North America sales double",
        "url": "https://urgent.news/2026/08/28/comvita-fy26-slides-return-to-profit-north-america-sales-double",
        "published": "2026-08-28T02:39:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}