Sanford FY25 Result—Flexing Its Mussels
EBIT and operating cashflow were comfortably the highest on record, which drove a net debt reduction to ~NZ$93m (versus our forecast of ~NZ$140m).
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Sanford Casting The Net
We have cast the net over relevant data (Fishserve catch data and export prices) ahead of Sanford’s (SAN) FY25 result on 18 November 2025.
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Sanford 1H25 Result—Catching a Break
Sanford's 1H25 results showed the highest EBIT and operating cash flow in over a decade, driven by operational efficiencies and cost reductions...
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Sanford 1H25 Preview — We Still Like the Voyage
We see modest upside to our full-year Sanford (SAN) earnings estimates due to factors such as 1H25 caught volumes, export pricing, and competitor...
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Sanford - FY24 Result; E-Fish-Incies
Our two focus points heading into Sanford's (SAN) FY24 result were: (1) debt reduction (primarily inventory), and (2) head-office costs. SAN...
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