NZ Agri-Insights

Unlisted co-op

Ballance Agri-Nutrients

co-op · Fertiliser · FY-end 05-31

Farmer-owned fertiliser co-op. Not listed. Results and rebate are in the co-op’s annual report. FY25 included an $88m Kapuni gas-to-urea write-down, so statutory NPAT can look far worse than underlying earnings. FY26 reinstated a rebate after three years. Compare with Ravensdown rather than NZX dairy names.

Cadence
Annual
Last reported
FY26 · 25 Aug 2026
Next window (est.)
Annual · late Aug 2027

Latest numbers · FY26

Underlying net operating profit before rebate, tax and extras $86.7m. NPBT $52.8m after $33.9m Mount Maunganui closure costs. Rebate $17.55 per eligible tonne.

Revenue
$1.1b
Net operating profit
$86.7m
NPBT
$52.8m
Rebate
$18.2m

History

Revenue
$929mFY24$965mFY25$1.1bFY26

Reports & sources

  • FY26 · Annual

    Announced 25 Aug 2026 · period ended 31 May 2026

    Underlying net operating profit before rebate, tax and extras $86.7m. NPBT $52.8m after $33.9m Mount Maunganui closure costs. Rebate $17.55 per eligible tonne.

    Revenue $1.1b · Net operating profit $86.7m · NPBT $52.8m · Rebate $18.2m

  • FY25 · Annual

    Announced 24 Jul 2025 · period ended 31 May 2025

    Underlying EBT $38m before an $88m Kapuni write-down. No rebate.

    Revenue $965m · NPBT −$49.1m · NPAT −$41.0m

  • FY24 · Annual

    Announced 25 Jul 2024 · period ended 31 May 2024

    NPAT from continuing operations $11.3m (group $0.3m including discontinued).

    Revenue $929m · NPAT $11.3m