{
  "id": 4976069,
  "title": "Sweet results: Mānuka honey company Comvita returns to profit",
  "url": "https://urgent.news/2026/09/02/sweet-results-manuka-honey-company-comvita-returns-to-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T00:42:26.000Z",
  "source": {
    "name": "RNZ Business",
    "slug": "rnz-business",
    "url": "https://www.rnz.co.nz/news/country/1226653/sweet-results-manuka-honey-company-comvita-returns-to-profit"
  },
  "original_language": "en",
  "account": null,
  "summary": "Mānuka honey company Comvita has returned to profitability after a recapitalisation, with increased revenue, stronger cash generation, and an improved balance sheet. In the year ending June 2026, the NZX-listed company reported an almost $105 million loss the previous year, which prompted it to raise capital with support from F-and-N Ventures, a subsidiary of Singapore-listed consumer group Fraser and Neave. The company's chief executive, Karl Gradon, noted that this was a good result after a reset period and that Comvita was entering 2027 with strong foundations to support future growth. Comvita delivered 765 tonnes of incremental Mānuka honey volume compared to the previous year, with Gradon adding that yields and quality had been great. Chairperson Bridget Coates stated that the company stood on firmer ground than it did a year ago, as restoring profitability and completing the recapitalisation had significantly strengthened Comvita's financial position and created a more stable platform for the future. The improvements in revenue, profitability, operating cash flow, and debt reflect genuine financial discipline across the business and deliberate actions taken under Comvita's reset programme. Despite more work ahead, the business is now positioned to drive continued performance improvements, invest selectively, and deliver sustainable long-term value for shareholders.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}