Pāmu FY26 Report: Profit More Than Doubles to $113m
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
The SOE is talking to global customers and trialling products in markets for consumer feedback.
Landcorp general manager dairy operations Mark Julian told Dairy News it’s early days. “It’s [not] like the sheep milk industry which has products in the market,” he says.
The deer milk project is mostly R&D and looking at selective milk powder and skin care products for the global market.
Speaking earlier at the Pioneer Rural Professionals Conference in Taupo, Julian floated two possible futures for Landcorp: either a production-led future or a market-led future.
Landcorp is not looking at wholesale changes to its business model; it recently adapted Pamu as its brand name.
Julian says Pamu “works to establish products and partnerships to give our business the best chance of succeeding moving forward”.
He noted that Landcorp was keen to move from a pasture farming company to a food and farming company.
“Our core business will always be farming; our traditional sales will drive our revenue for the immediate future but brand business will provide us the consumer insights that hopefully take the risk out of our core business of farming.”
Julian says the sheep milk joint venture Spring Sheep, in Taupo, has been a winner: two years since its inception Spring Sheep has won awards for food and innovation.
“It’s a huge boost to our belief that differentiation and unique offerings are areas to target.”
