However, the NZX-listed retailer remains cautious as it rounds out FY25.
The company continues to look at asset sales as it struggles to avoid bankruptcy.
The company's Singapore-based majority owner made an offer for its remaining stake in the company on January 20.
Sales in New Zealand were up 20%, higher than the group average, and the operations moved from loss to profit.
Additional accounting irregularities found after independent review have further hindered Comvita's FY24 earnings.
The announcement is the first major move by chief executive Mark van Dyck, who joined four months ago.
After consulting with shareholders, company says offer at 62% premium had no chance of success.
Convention centre bookings can now move to formal contracting, says casino operator.
The former NZ Oil & Gas delisted from the NZX but is still interested in the local market.
Competition watchdog not currently satisfied the $1.86 billion acquisition would not substantially lessen competition.