Pāmu FY26 Report: Profit More Than Doubles to $113m
Pāmu has released its FY26 Integrated Annual Report, reporting a Net Operating Profit of $113 million, more than double the $49 million recorded in FY25.
The firm is working with Wairakei Pastoral Ltd and Landcorp to supply what will be, when complete, one of the largest contiguous dairy units in the southern hemisphere.
Chief executive Ken Sutherland says the river crossing was a critical part of the overall project.
“Our crews are building the electrical network and substation to support the additional load these new farms will create.”
Wairakei Pastoral chief executive Chris Parkinson says he is pleased with progress.
“This is a long-term project for us, and we are pleased to have Unison on board and carrying out the vital work required to enable the development.”
Once complete, there will be about 40,000 cows across 25,700ha of land.
Parkinson says the conversions would bring 300-350 jobs into the Central Plateau.
Landcorp, which will farm the land, and Wairakei Pastoral, are keeping watch on the land use change.
“Environmental stewardship drives what we do. The new farms will exceed environmental standards.”
When the electricity network is complete, farm connections will continue.
