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NWK negatively impacted by the 2023/24 drought
Farmer's Weekly
|August 15-22, 2025
NWK Group's profit after tax decreased by 50% (R114,3 million) in the 2024/25 financial year, although its total income increased by R156 million to R5,99 billion.
The company, with its headquarters in Lichtenburg, North West, announced on 28 July 2025 that the profit contraction could largely be ascribed to the devastating drought that resulted in 43,4% fewer grain receipts than the previous year. The situation was exacerbated by the fact that producers were forced to cut expenses significantly.
Alf White, NWK Group's chief financial officer, said in a statement the 2023/24 season was one of the driest in NWK’s operating area in the past 52 years and also the driest since 2012.
“The effect on the company’s financial performance is clearly visible this year.
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