Author: New Guinea Islands Produce

NGP has released its financial results for the first half of the year ending June 30, 2026.

Below is link to the Key Information and PNGX FORM 5B

NGP FORM 5B – June 2026

NGP Half Year Results – June 2026

NGP announce preliminary financial results for the year ending 31 December, 2025.  These results are still to be audited.

Below is link to the Key Information and PNGX FORM 5C

NGP Market Update – FORM 5C – 2025 – PNGX

NGP has released its financial results for the first half of the year ending June 30, 2025, highlighting that the market price of cocoa is driving the increases in both revenue and profit during the reporting period.

Below is link to the Key Information and PNGX FORM 5B

2025-09-12 -NGP – NGIP Agmark Limited – Appendix 5B Results

NGP announce preliminary financial results for the year ending 31 December, 2024 and advise shareholders that their company has seen their strongest results since share listing in 2009.

Below is link to the Key Information and PNGX FORM 5C

250317 – NGP – Appendix 5C – Preliminary Report Full Year 2024

And with the strong performance, NGP plans a final dividend of 12 toea per share for the 2024 Financial Year.

250317 – NGP – Full 2024 Final Dividend Announcement

Date: Friday, June 14, 2024

NGIP Agmark Limited (NGP) has released its Annual Report for the fiscal year 2023, showcasing a significant profit turnaround. The diversified company’s pre-tax profit for the 12 months ending December 31, 2023, reached K7.1 million, marking a K1.4 million improvement from FY22’s K5.7 million. This result reflects a 24% year-on-year (YOY) improvement.

20240614 – NGP Annual Report

NGIP Agmark Limited have today applied to the IPA for grant of an extension to the date of our 53rd Annual General Meeting of Shareholders by one week.

As we have done every year in the Company’s 53 year history, we wish to hold our AGM of shareholders in East New Britain at Talina, Kokopo which is our main place of business.

Current issues exist with the airport (Tokua) serving Kokopo, where the runway is under repair. These issues have impacted travel bookings for several of our larger shareholders who wish to attend the meting in person.

Therefore we intend to hold the meeting on Friday July 5th at Talina, Kokopo, East New Britain Province and we hereby advise the market accordingly of our intentions.

NGIP AGM 2024 delay announcement

The end of the year has exceeded budget expectations, and this is largely due to the outstanding performance of the cocoa division.

This is despite the shortcoming of a second cocoa flush expected towards the end of the year. Damaging wet weather led to a decrease of cocoa exports by 11%. And if production was similar to 2022, revenue could have grown by another K10 million kina with the increased cocoa market price.

While this may be disappointing news for cocoa farmers and traders, we remain optimistic about the future of the industry. With a focus on hard work to maintain their land and sustainable practices, there is no doubt that the cocoa production sector will grow and thrive in the years to come.

In regards to the Coffee, Agriculture Supplies, Machinery, and Rabtrans Divisions, they all showed promising results in terms of their positive financial performance. Despite facing major challenges such as increased operating costs, more competition, and delays in manufacturing and shipping, these divisions were able to deliver positive outcomes. However, it is important to note that except for cocoa, all the other divisions fell short on their budget targets.

This was largely due to factors including safety and security concerns from riots, fuel shortages, damaging weather, and the overall impact of macroeconomic factors. Although the obstacles faced, the Senior Management remained committed and executed strategies such as increasing stock orders to combat shipping delays, opening branches to gain market share and investing in people and assets to ensure we continue delivering value to our customers and stakeholders.

These strategies plus the 2023 profit have prepared us to be more resilient in the new fiscal year and capitalise on our investments.

For key financial information, please see attached NGIP AGMARK FORM 5C – 2023 Amended