Allied Farmers Limited (NS)

Overview

Allied Farmers is primarily a rural investment company and rural asset manager. Landowners and co-investors entrust Allied Farmers with their rural assets because it has the requisite robust governance structures, asset management team expertise and experience, and access to a network of best-in-class business partners. Allied Farmers’ goal is to deliver earnings per share growth by leveraging these core strengths and optimizing the use of its tax losses.

Allied Farmers provides management, investment and administrative services to rural landowners NZX listed New Zealand Rural Land Company Limited, and Australian capital managers Roc Partners (together, NZL) pursuant to Management Agreements. NZL owns and leases rural land to tenants to provide shareholders with superior risk-adjusted returns compared to legacy rural investment vehicles.

Performance

The following information was extracted from Allied Farmers Limited's full year report, released on 28 August 2026:

The Directors of Allied Farmers Limited (“Allied Farmers” or “Allied Group”) (ALF:NZX) are pleased to report an audited profit after tax for the year to 30 June 2026 of $2.613 million (FY25 $3.841 million), with an audited profit after tax attributable to Allied Farmers’ shareholders of $2.989 million (FY25 $2.871 million).

As a result of the New Zealand Farmers Livestock Limited (NZFL) sale on 1 December 2025, Allied Farmers is required to separately report the performance of both continuing operations, and 5 months of NZFL discontinued operations. The above result reflects both continuing and discontinuing operations. The loss before tax from continuing operations was $0.907 million for FY26. This compares to a profit before tax from continuing operations of $0.227 million for FY25. This decrease in profit before tax is predominantly the result of reduced NZRLM fee revenue and increased operational and transactional costs