Direct-to-Satellite Tech a ‘Game Changer’ for Beef Farmers
Central Otago farmer Bevan McKnight no longer worries about leaving a few Angus cattle behind while mustering on the 13,000ha station he leases.
In a statement the company says Halter’s return included notional revenue of $51.7 million during the year, almost all of which related to inter-company loan forgiveness from its US parent, Halter USA Inc. During the year, Halter USA forgave debt worth $51 million from Halter Ltd in a non-cash transaction.
“This debt is related to historical funding provided by the parent entity to support the growth of the New Zealand operations.”
Halter NZ paid $1 million in tax for the period, reflecting the company’s growth. The company says it added 60 new employees in New Zealand during the year and deployed over 127,000 new collars in the market.
Halter is currently hiring more than 50 additional roles in New Zealand across engineering, sales and support to drive continued growth and innovation in New Zealand and international markets.
Commenting on the result, Halter chief executive Craig Piggott says that it’s fantastic to see the New Zealand operation continuing to thrive in 2025.
“This has already been a huge year for Halter, and we’re only half-way through. Our mission is to help create more efficient and sustainable farms, and we will continue to put farmers at the centre of everything we do.”
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The company has filed its latest financial statements to the Companies Office – the results are only for the NZ operation and contain one side of intercompany transactions. “They do not represent the overall performance of the Halter group,” it says.
New Zealand external subscription revenues were up 45% from $24.9 million to $35.9 million, as Halter continues to expand its customer base, while total revenue fell compared to the previous year, reflecting a lower level of support required from the Halter group.
