New Zealand's ArborGen rises to 2-1/2-week high as annual loss narrows

Arborgen Holdings

29/05/2026 04:25

** Shares of ArborGen Holdings ARB.NZ rise 10.5% to NZ$0.095, hitting their highest since May 5
** Stock on pace for its strongest trading session since early September 2025, if gains hold
** The seedling supplier logs FY26 total net loss of $7.5 million vs a loss of $21.5 million last year
** Attributes result to strong growth momentum in Brazil segment and focus on value-added products across co's markets among others
** Adds company targeting continued improvement in adjusted U.S. GAAP EBITDA in FY27
** More than 81,000 shares change hands vs 30-day avg volume of around 49,000 shares
** Stock down 28% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))