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5 mins to read

Comvita’s board asked to ‘please explain’ by former chair

Lack of guidance not acceptable, says Neil Craig, as acquisition bid waits in the wings.

Comvita's former chair is still evaluating the recent acquisition bid, but has confidence in the company's new CEO.

Kate McVicar Fri, 29 Aug 2025
Key points
  • Revenue: Down 4.1% to $192.4 million
  • Loss: Down 30% to $104.8 million
  • Main takeaway: Shareholders wanted clearer future guidance from the company but were told they would have to wait till October. 

Former Comvita chair Neil Craig has asked the company to please explain a lack of guidance and "nonsense" accounting valuations.

The NZX-listed honey and wellness company reported a 4.1% drop in revenue to $192.4 million for the year ending June 30. Meanwhile the company’s net loss after tax has

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Kate McVicar Fri, 29 Aug 2025
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue: Down 4.1% to $192.4 million
  • Loss: Down 30% to $104.8 million
  • Main takeaway: Shareholders wanted clearer future guidance from the company but were told they would have to wait till October. 
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Comvita’s board asked to ‘please explain’ by former chair
Investment,
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