From Yahoo Finance: 2025-06-16 09:34:00

Manuka honey producer Comvita may face a significant impairment charge for the 2025 financial year. The New Zealand-based company anticipates a net loss before tax of NZ$20m to NZ$24m. Revenue is expected to decrease slightly, with a decline in gross margin due to market volatility and aggressive pricing by competitors. The company appointed a new CEO in June and is targeting cost savings of NZ$15-$20m. Net debt is expected to decrease, but further measures may be necessary to ensure sustainability. Comvita is working with advisors to explore all options available.



Read more at Yahoo Finance: Comvita warns of “material” impairment charge for FY25