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4 Apr 2025

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Comvita cuts 67 jobs, closes UK and EU offices, but could rebound in 2026
Honey producer Comvita's bitter financial losses have been sweetened by the maintaining of market share across a number of Asian markets, in the face of "seismic" changes to the global honey industry.

CVT - Update on Accounting Irregularities
On the 9th of December, Comvita Limited (NZX:CVT) announced that it had identified accounting irregularities in the financial years FY23 and FY24 and also announced its appointment of an independent chartered accounting firm to perform a review

CVT - Accounting irregularities impact prior periods
Comvita Limited (NZX:CVT) has identified certain accounting irregularities in its China subsidiary leading to misreporting of sales and accounts receivables in the financial years FY23 and FY24

Drop in demand from China a factor in Comvita $77m loss
The loss of a major customer in North America has also affected the honey producer's performance.

Mangement shake up at Comvita after heavy loss announced
Among the changes the chief executive will become an advisor to the board while the board chair becomes acting chief executive.

Comvita takeover bid withdrawn
Comvita says the bidder has advised the company it will no longer proceed with the offer

CVT - Party not proceeding with offer
On 22 February 2024, Comvita Limited NZX:CVT (Comvita) advised that an offshore party approached Comvita with a highly conditional, unsolicited, indicative, non-binding proposal to acquire all of the shares in Comvita (Proposal)

CVT - Comvita trading update
Comvita Limited (NZX:CVT) is today providing an update on its current trading performance, the forecasted impact on its interim results and for the full year ending 30th June 2024

Slowdown in US, China markets hitting Comvita revenue
The honey company is warning this year's earnings and profits will be hit by the soft US and Chinese economies.

Comvita reports record revenue but net profit down
Honey exporter Comvita has reported record full year revenue, with all market segments seeing double digit growth.

Comvita Interim result HY FY25 - Back to Basics
Comvita Limited (NZX:CVT) today announced its interim result for the six months ending 31 December 2024 (HY FY25). The results reflect a focus on getting the business back to basics and repositioning it to meet the current market realities

CVT - AMENDED: Bank covenant waiver and trading update
Comvita confirms that its bank syndicate has a revised covenant package for its Q2 FY25 covenants (to be tested as at 31 December 2025). This date should have read 31 December 2024, as presented below

Comvita Limited - Annual Report 2024
Please find attached Comvita Limited�s (NZX:CVT) Annual Report for the year ended 30 June 2024, which includes the Financial Statements and its first Climate Statement

Comvita looks to cut jobs, slash production after lower sales in China
New Zealand honey company Comvita is looking at cutting jobs and slashing production amid lower sales and weak demand from Chinese consumers.

Manuka honey producer Comvita 'disappointed' at interim loss
Revenue was down due to weaker consumer demand in China and losing a major customer in North America.

CVT - Challenging interim result, margins and market share robust
Comvita�s revenue was $103M, a reduction of $8.8M vs PCP, with recent acquisition HoneyWorld� contributing $6.8M in revenue. Thus, on a like for like basis, revenue excluding HoneyWorld� fell by $14M (-12%) vs PCP, after adjusting for Co

Comvita announces change to Board of Directors
Comvita Limited (NZX:CVT) would like to announce that, as previously announced on 9 March 2023, Non-Executive Director Luke Bunt has confirmed that he is retiring from the Board of Directors effective 30 September 2023