Farmlands Lifts More Than Doubles Pre-Tax Profit
Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.
Rural Trader Farmlands has appointed Dr Claire Nicholson to its board of directors.
Nicholson is a director of Parininihi ki Waitōtara Inc (PKW) and chief executive of Sirona Animal Health.
She is a member of the Māori, Stakeholders and Science Advisory Groups for the New Zealand Agricultural Greenhouse Gas Research Centre, a member of the industry advisory group for a joint government and University of Otago project developing new antimicrobials for the animal health sector and previously was general manager for animal health company Intervet in New Zealand.
Nicholson holds a Bachelor of Veterinary Science and is a graduate of the Hillary Leadership Programme, the Agri-Women’s Development Trust’s Accelerate Programme and Fonterra’s Development Programme.
Farmlands chair Rob Hewett says he is delighted to welcome Nicholson to the board.
“Claire has more than twenty years’ professional experience relevant to Farmlands in veterinary science and animal health, agribusiness, business development and marketing, technical research, environment and governance.”
Hewett says Nicholson’s appointment strengthens the experience and perspectives of the board at an important time for the retailer.
“Her experience in, and commitment to, innovation will be valuable as Farmlands’ management team, led by recently-appointed CEO Tanya Houghton, delivers on a broad programme of renewal and change.”
“Having been involved in many sectors of the rural industry for over 20 years, I am excited to join Farmlands at this time. I look forward to offering my experience gained from a range of organisations to help Farmlands deliver improvements for shareholders, customers and partners,” says Nicholson.
Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.
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