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.
State farmer Pamu (formerly Landcorp) has appointed Mark Leslie as its new chief executive.
Leslie, currently chief operating officer of Silver Fern Farms, will join the organisation in March next year.
Pamu board chairman Warren Parker says Leslie brings a wealth of primary sector experience to the role.
‘“The board are delighted that Mark is joining Pāmu as we continue to successfully deliver our strategy.
“His skillset, including hands on experience running substantial livestock and dairy operations and background in farming, will be beneficial as we work to produce higher farm gate returns with a smaller environmental footprint, and with an ongoing focus on the wellbeing of our people, our animals and the land we farm,” Parker said.
Leslie has 25 years of experience in the agricultural industry including roles in operations, logistics, technology and product development, and quality assurance
Prior to joining Silver Fern Farms Leslie spent nearly two decades at Fonterra including as head of the operations and supply chain component of the brands business in New Zealand and, previously had responsibility for the operation of the 94 ingredients plants across Fonterra’s 27 sites along with the associated milk collection activities.
He replaces from Steve Carden who resigned to join listed wine make Delegat Group as new managing director.
Waikato milk processor Tatua has again declared a record milk payout to farmer shareholders, leaving other processors in the dust.
A Labour-led Government won’t be bringing back the controversial freshwater rules of 2020.
National’s much-touted free trade deal with India featured in the Rural Issues Debate at Mystery Creek, Hamilton on Wednesday night.
New Zealand's 2026-27 freshwater fishing season has opened, with anglers encouraged to head to rivers and lakes over the coming days as conditions look favourable across much of the country.
Central Otago District Council (CODC) has voted against a plan to spread treated sewage sludge from Cromwell and Alexandra on farmland near Lauder, a decision Federated Farmers says reflects strong opposition from rural residents.
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.

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