2025/26 Financial Results

ANZCO Foods has reported a strong financial result for the 15-month period ending 31 March 2026, recording turnover of $2.7b, EBITDA of $133.5m and net profit before tax of $71.8m.
 
The reporting period reflects a one-off change to align our financial year with our shareholder, Itoham Yonekyu Holdings, and covers the period from 1 January 2025 to 31 March 2026.
 
Demand for New Zealand beef and lamb products remained strong throughout the past 15 months, while reduced global livestock supplies supported favourable market pricing. It was also encouraging to see confidence return to the farming sector, with farmer suppliers benefiting from record farm-gate prices.
 
The impacts of geopolitical challenges experienced in the last year are likely to continue in some form for the foreseeable future, however, in our view the fundamentals for New Zealand red meat remain encouraging.
 
ANZCO’s strategy centres on maximising the value of every part of the animal while continuing to improve the efficiency of our processing operations and grow our value-add businesses.
 
Strengthening our in-market presence and growing our attribute-branded products continues to be an important part of that strategy, supported by close relationships with our key customer partners.
 
We're fortunate to have the support of our shareholder, Itoham Yonekyu – a global top 10 meat company – which continues to invest in ANZCO Foods. During the past 15 months we invested more than $45m in capital and other projects to improve capability and productivity, including automation at ANZCO Foods Rangitīkei and Waitara, and upgrades at ANZCO Foods Canterbury and Marlborough.
 
Looking ahead, we remain cautiously optimistic. There will always be uncertainty in global markets, however strong international demand and constrained global livestock supplies provide confidence that favourable conditions are likely to continue for the coming season.