Farmlands Posts Strong Half-Year Result: Putting More Value Back in Farmers’ Pockets

Farmlands Co-operative has released its 2025 half-year results, showing that its five-year strategy is delivering on its promise of financial performance and better value for its 80,000+ members.

The co-op’s financial performance remains strong and disciplined, with revenue up 10% and EBITDA rising 19% year-on-year. This growth has been achieved by keeping a tight lid on costs while improving how the business operates.

Farmlands Chair Rob Hewett highlights the result is proof that the co-op is sticking to its word. "We are staying the course with our five-year strategy, and it’s paying off for our shareholders. By being disciplined about what we control and driving down costs through better purchasing, we are ensuring Farmlands is strongly aligned with what farmers and growers need today. We’ve done the hard work on the foundations, and now we are focused on competitive pricing and making sure the right products are available when farmers and growers need them."

Shareholder value continues to grow, with total rebates reaching $45.0 million for the half-year, compared to $42.6 million the previous year. This includes a $1.2 million increase in Card rebates and a $1.2 million rise in Rural Supplies rebates. Beyond the monthly rebate line, customers are benefiting from sharper shelf pricing through direct sourcing and expanded partnerships.

Farmlands CEO Tanya Houghton says while the financial returns are important, the co-op’s value is broader than just money back.

"Our customer Net Promoter Score (NPS) is at an all-time high, which is the best proof we have that our customers are feeling the difference on-farm. Whether it’s our teams showing up with practical expertise or the reliability of our supply chain, we are focused on making it easier to do business. We are also investing in the future of the sector, such as our $4 million project to boost capacity at the Morrinsville Mill by 25% to support Waikato farmers."

The co-op has seen a significant boost in its manufacturing performance, with a 14% increase in volumes, including an 18% jump in bagged nutrition products. This growth is tied to a strategic focus on supporting farmers with what they need, when they need it.

Innovations like FarmlandsFlex are also gaining momentum in the energy space, with 81 sites sold and 7.9MW of solar and 5.1MWh of battery storage installed in just seven months.

"Our strategy is paying off, and we are focused on continuing our path and accelerating towards future growth" Tanya says. "From our new-format stores in New Plymouth and Hastings to our expanded nutrition range, we are building a co-operative that is sustainable for the long term and ready to meet the evolving needs of the rural sector."