South Island iwi Ngai Tahu has made a record net profit of $146 million for the year to June, which it says reflects the value of having a wide range of investments.
The figure is a 27 percent increase from last year's total of $121 million.
Ngai Tahu invests in property, farming, tourism and seafood. It said its net worth has topped $1 billion, enabling the iwi to lift its annual distribution to a new high of $31.4 million.
The Chair of Ngai Tahu Holdings Corporation, Trevor Burt, said property investments, a bumper seafood harvest and tourism have contributed to the strong result.
Stripping out one-off items like property and farm revaluations, share sales and insurance proceeds, Mr Burt said the iwi's net operating surplus after interest rose 64 percent to $83.3 million.
Excluding tribal activities, Ngai Tahu's trading surplus doubled to $161.4 million.
