Resilient year for Chorus
Chorus today reported growth in revenue, EBITDA and net profit for the year ended 30 June 2026 (FY26), Operating revenue of $1,029 million was up $15 million on FY25, while operating expenses of $303 million were down $6 million on FY25 . EBITDA of $726 million, rose 3% on FY25 and net profit after tax of $37 million (FY25: $4 million). Net cash flows from operating activities increased 4% to $740 million. Unimputed final dividend of 36 cps takes the total FY26 dividend 60 cps (FY25: 57.5cps)...
Heavy news flow for NZ equity investors
21.8.26 // Warren Head Financial markets have been deluged in economic reports, company results reports for the June year and within days we can expect the focus to swing on to monetary policy. Meanwhile the impact of higher fuel prices on companies is becoming evident and the wider implications of the disruption to maritime traffic of the Middle East war now includes a return to congestion in key hub ports in Asia. The United States has pivoted in the direction of an...
Headliner NZX Market report 21.8.26
The big question this evening is whether the NZX market will feel the pressure up front on Monday following a sullen day on Wall Street where US markets sank on concerns over rising bond yields, or swerve around the turmoil and pick up today's upwards track US Treasury 30 year bonds hit 5.24% this evening and the 10 year yield was around 4.70%. The yields have generally headed higher this week as news broke of the US’s whopping $4 trillion debt burden. The WH has urged the Federal Reserve...
South Port NZ delivers record FY26
21.8.26 South Port New Zealand (NZX: SPN) today announced a record financial result for the June year with revenue topping the $70 million mark. Driven by strong cargo growth, higher agricultural activity, improved NZ Aluminium Smelter throughput, and wind farm project cargo, South Port reported a record after-tax profit of $16.11 million, up 21.0% on FY25. Normalised net profit after tax (NPAT) increased 16.2% to $16.14 million South Port chair Philip Cory-Wright, said the company had...
Growth guidance from F&P
21.8.26 Fisher & Paykel Healthcare Corporation provided guidance for the first half of the 2027 financial year, which ends 30 September 2026, and updated its guidance for the full 2027 financial year. “We have had a strong start to our first half, particularly in our Hospital product group, as a result of continued strong demand for our latest range of hardware devices and ongoing change in clinical practice driving consumable sales,” said Managing Director and CEO Lewis Gradon. “It is...
Seeka 1H26 profit rises despite headwinds
20.8.26 Seeka’s earnings increased in its opening half-year despite higher input costs and a seasonal reduction in fruit volumes grown and handled. Revenue $305.5m was down 1% on pcp, EBITDA of $86.3m up 3% on pcp, NPBT at $62.6m up 5% on pcp, Net profit after tax of $45.4m was 20% up on the pcp's $37.8m. Seeka’s investments in post-harvest automation delivered efficiency gains, lifted margins, and improved service to customers Seeka has lifted post harvest performance and margins on lower...
Headliner NZX Market report 20.8.26
On a day of top tier results, the NZX market lost ground as uncertainty about the impact of a year of hard slog for the corporate sector became increasingly evident. The nZX50 drifted backwards by only 9.85 points at 13,919.82 – but the elusive 14,000 mark seemed a big step away. In Australia the ASX All Ords gained 33 .9 points at 9,289.10. US markets firmed up as the effects of the US Treasury’s intervention into the long term bond market with a purchasing programme immediately...
Record year for Skellerup
20.8.27 Revenue growth in international markets delivered an outstanding year for Skellerup, with reported revenue up 10% to $390.1m. This generated record normalised net profit after tax (NPAT) of $64.2 million, an 18% increase over the prior year. Earnings before interest and tax (EBIT) of $94.1m included a non-recurring gain of $4.8m principally arising from insurance proceeds for damaged equipment. Normalised EBIT excluding this non-recurring gain was $89.3m – a record result, up 14% on...
Auckland Airport holds level flight path in FY26
20.8.26 Auckland Airport has reported a steady performance amid global headwinds for the year to 30 June 2026. Revenue was up 3% to $1,036 million. Excluding interest income, revenue was up 5% to $1,026 million. Operating EBITDAFI rose 3% to $724 million. Net underlying profit was down 0.5% to $309 million and reported profit after tax, including revaluations, decreased to $335 million. A final dividend of 6.75 cents per share will be paid on 2 October 2026 Resilient demand for travel to and...
Headliner NZX Market Report 19.8.26
A rebound result by Fletcher Building helped to send the NZX market higher by 65 points on the NZX50 today at 13,929.67. In Australia the ASX All Ords eased 19.00 at 9,255.20. US markets were unsettled by the recent rise in long term bond yields and the geopolitical situation (the White House backing off new tariffs on Canada). The Dow Jones fell 116.38 to 53,343.40, the S&P 500 down 53.30 at 7691.76 and Nasdaq dropping 355.20 at 26,289.71. Trading on Wall Street pointed lower this evening...
