Leonard Reports Record Profit Despite Trade Volume Decline in Tauranga

Leonard reported a record underlying profit of $155.3 million for the 2026 financial year, driven by cost and productivity initiatives. Revenue increased 4.7% to $486.5 million, while operating costs fell 6.2% to $221.7 million. Despite total trade volumes decreasing 3% to 24.6 million tonnes, the company declared a final dividend of 12.5 cents per share.

The company’s financial strength allowed it to increase its total ordinary dividend by 22.8% to 20.5 cents per share for the year. These results were reported while the business continues to face ongoing capacity constraints in Tauranga.