NZX-listed international freight and logistics group Mainfreight accelerated profit performance during the second half of the March 2026 year but not enough to better the prior year’s profit. Revenue at $5.38 billion was up 2.8%. However, due to the slow start in 1H26 pre-tax profit at $350.9 million was down 8.5%, as was net profit at $251.0m. Operating cashflows improved from $584 million to $589 million. A final dividend of 87.0 cents per share has been authorised payable on 17 July 2026.....

  FY26 marked a year of meaningful strategic progress for Stride Property, including its moves in funds management. The $31.3m net profit was up $9.6m on FY25 ($21.7m). Net rental income for FY26 was $58.9m (FY25: $69.1m), impacted by $(3.9)m as a result of the Industre restructure, SPL’s industrial property product, in the prior year. In addition, the sale by SPL of Silverdale Centre to Investore during the year resulted in lower net rental income of $(2.7)m. A further $(1.8)m was due to...

28.5.26 Fonterra Co-operative has released a third quarter business update, showing year to date group operating profit of $1.8 billion, up $103 million on this time last year. Net profit after tax was $1.1 billion for 3Q26. Adjusting for Mainland’s result to reflect the co-operative's underlying business, the co-op delivered $946 million profit after tax, equivalent to earnings per share of 57 cents, up from 53 cents this time last year. The Ingredients business benefited from ongoing protein...

27.5.26 Vista Group International announced that Cinemex has signed an agreement to transition its Mexican circuit back to Vista Group. This follows the successful transition of Cinemex’s US circuit to Vista Group during 2025. Cinemex is the second largest exhibitor in Mexico, with 289 sites (2,800+ screens) across more than 100 cities, plus 23 sites (300+ screens) in the United States. The five-year agreement involves Cinemex’s Mexican circuit initially going live on Vista Group’s on-premises...

27.5.26 Metro Performance Glass exited FY26 in a stronger financial and operating position. While market conditions in New Zealand and Australia remained very challenging, the trans-Tasman group improved underlying trading performance The company also “materially strengthened cash flow, reduced debt and reset its capital structure through the September 2025 equity raise and refinancing” Revenue was $208.2m, down 2.7% on FY25, reflecting weaker construction markets, particularly in New Zealand...

27.5.26   KMD Brands, the Christchurch-based retail group, has reported encouraging progress in 3Q26 despite challenging broader market conditions. In the third quarter, February 26 – April 26,  group sales rose +5.2%, and on a year-to-date basis +6.6^. By retail brand, Kathmandu sales were up 4%, Rip Curl 12% but ObOz -8.9% Brent Scrimshaw, Group CEO and Managing Director, KMD Brands said: “It’s pleasing to see momentum building in our Next Level execution.” The Group is undertaking a...

Software-as-a-Service business PaySauce opened the batting order for the day on NZX by filing results for the March 2026 year, showing continued strong growth in its core New Zealand business. The company also noted significant progress towards realising the opportunities it sees in Australia and further afield. Operating revenue of $9.2m was up 3% from $9.0m. -Processing fee income at $7.2m was up 13% lifted by a 5% increase in customers to 8,600. EBTDA was steady $1.2m, steady despite a step...

26.5.26 Infratil the NZX-listed utilities investor has announced an 11% uplift in earnings to NZ$989 million for FY26, primarily driven by investments in Australasian data centre business CDC and United States renewable energy business Longroad Energy. It has also announced a strong growth outlook as both these businesses convert investment supported by unprecedented sector demand, into a strong trajectory of future revenue growth. Infratil Chief Executive Jason Boyes said the infrastructure...

  A strong performance by the hospital division has been a key driver in Fisher & Paykel Healthcare Corporation’s March year. Total operating revenue was $2.31 billion, an increase of 14% from the prior financial year, or 12% in constant currency. Net profit after tax for the financial year was $468.5 million, a 24% increase over the 2025 financial year, or 28% in constant currency. For the Hospital product group, which includes products used in respiratory, acute and surgical care,...

26.5.26 Goodman NZ (GNZ) has announced a bumper annual result for the March year that the company says reflects the quality of its warehouse and logistics portfolio That is “underpinned by an operating model that supports sustainable earnings and distribution growth”. The new fee revenue stream from the Highbrook Partnership contributed to a 3.6% increase in operating earnings before tax, to $159.8 million with operating earnings after tax of $127.6 million (FY25: $125.0 million), up 2.1%....

“New Zealand King Salmon has made a positive start to FY26 with strong first half results off the back of the summer harvest. This also supported a strong first half of sales and greater operational efficiencies across the company. The improved summer fish performance can be attributed to a range of factors and initiatives including the implementation of the new summer diet, increased grading of stock and a focus on operational execution, said CEO Carl Carrington. Sales volumes increased to...

20.56.26   Infratil Limited is topping up its liquidity by selling down part of a large holding in Contact Energy, the sale comprising 53,531,358 ordinary shares in Contact comprising 5.0% of Contact’s issued share capital, via a fully underwritten block trade. The sale is at a price of NZ$9.25 per ordinary share, generating expected gross proceeds of approximately $495.17 million, and is expected to complete on May 25. Following the sale, Infratil’s shareholding in Contact will be...

18.5.26 Gentrack Group has entered into a sale and purchase agreement to acquire Prospero Energy Limited (trading as Factor), a New Zealand-founded SaaS business serving the energy retail sector. Factor’s systems enable energy suppliers to manage risk, control margins and launch compelling products in increasingly volatile energy markets Factor CEO, Jessica Venning-Bryan, said: “Gentrack is well known for serving the world's largest and most complex Industrial and Commercial energy retailers....

16.5.26 The fishing group Sanford capped the trading week by lodging a record interim result in the six months to March 31. Sanford’s Managing Director, David Mair, said revenue of $270.2m was relatively flat, down 5.5% but earnings have improved with a net profit record of $42.4m, up 24.6% on pcpo Record adjusted EBIT of $65.0m rose 20.3% on pcp and a record EBIT of $64.0m was up 17.6% on pcp • Chairman Sir Rob McLeod commented that it was Sanford’s strongest ever half-year adjusted EBIT...

Air New Zealand is facing the setback of soaring jet fuel costs reflecting the significant impact of elevated and volatile global jet fuel prices following the conflict in the Middle East. In an update filed with NZX on Thursday May 14, the airline advised “The scale and speed of recent movements in jet fuel prices and refining margins have created a material external shock for the global aviation sector. Fuel Jet fuel prices, which were around US$85 to US$90 per barrel prior to the escalation...

13.6.26 AoFrio Ltd which markets hardware-enabled SaaS solutions for the commercial refrigeration industry, provided an update on its trading performance for the three months ended 31 March 2026 (1Q26). “The 2026 outlook remains on track despite a disappointing 1Q26. “We knew that performing at the same level as the strong 1Q25 was going to be difficult, given the loss of our largest motor customer due to US tariffs. “The company is actively offsetting this business loss through accelerated...

Dunedin-based NZX-listed Pacific Edge has successfully raised NZ$25.4 million of new equity in a placement of new ordinary shares, after the directors resolved to increase the placement and accept oversubscriptions following strong investor demand. The placement, which was well supported by existing institutional and other investors, was completed on Tuesday. It was priced at NZ$0.17 per share, a 2.3% discount to the closing share price on 8 May 2026, prior to the announcement of the company’s...

11.5.26 Cancer diagnostics company Pacific Edge has opened an offer to raise up to $24m at NZ$0.170 per share; simultaneously releasing preliminary full year financial data. The capital raise consists of a placement of $18 million new ordinary shares to eligible investors and an offer of $6 million new shares to retail investors with an ability to accept over subscriptions. The capital raising is aimed at ensuring Pacific Edge has the resources and capacity to regain Medicare coverage, achieve...

Briscoe Group informed shareholders at yesterday’s annual meeting that unaudited sales for the first trading quarter ended 26.4.26 (91 days) were $180.8 million, an increase of 1.37%. First quarter sales for the Group’s homeware segment increased by 1.98% to $105.7 million, while sporting goods sales increased by 0.53% to $75.1 million. Group Managing Director Rod Duke said, “The first quarter represented a satisfactory start to the new financial year, particularly through February, with...

7.5.26 New Zealand’s Overseas Investment Office (OIO) has granted consent for Santana’s wholly owned local subsidiary Matakanui Land Ltd to purchase land at Bendigo Station and Ardgour Station in Central Otago. The areas are: 797 hectares of Bendigo Station, that will encompass the proposed open pits, engineered landform (ELF) and related infrastructure areas at Rise and Shine, SREX, SREX East and Come-inTime deposits. ▪ 92 hectares of Bendigo Station, that will include 29 hectares of...

7.5.26 Me Today now expects gross revenue for the year ended 30 June 2026 to exceed $7.4m, an increase of 27% on the year ended 30 June 2025 and an increase of 14% on the guidance provided in February. The expected increase in gross revenue comes from growth in the New Zealand market and strong international opportunities. “The business continues to focus on growing revenue and reducing costs where possible, acknowledging that investment is still required in the brand and the distribution...

The proposed 93 million litre New Zealand Government diesel storage facility at Marsden Point energy precinct is on track for completion by May 31, Channel Infrastructure chairman James Miller told shareholders at the annual meeting of the company this week. This is equivalent to approximately nine additional days of New Zealand diesel demand diesel storage. The project will be finished within the compressed timeframe of under two months. Mr Miller also announced that the Z Energy jet tank is...

6.5.26 CDC Data Centres (CDC, 49.7%-owned by Infratil) has secured the largest data centre contract in Australia’s history, a 555 megawatts (MW) deal that takes its total contracted capacity to over one gigawatt. The 30-year contract is with a United States high-end investment grade customer, and is inclusive of renewal options of up to 20 years. The capacity will be delivered across CDC campuses that are already under development and will become operational over FY28 and FY29. The 555MW...

5.5.26 Ventia Services was the standout stock on NZX today as the market responded positively to the news that the dual-listed Aussie contractor has been awarded contracts by the Victorian Department of Transport and Planning (DTP) to deliver road maintenance services in the Grampians and Eastern metropolitan regions with a combined value of ~$340 million over a four-year base term. This estimate comprises routine maintenance works, together with indicative high-level forward estimates for...

5.5.26 A guidance update by Gentrack advising that it would prioritise growth over earnings was unwelcome news on NZX today. Only a few days ago, Gentrack made positive news with a report on a targeted acquisition in Dubai that holds good promise for long-term profitability. Today the utilities software company released a market guidance update that checked enthusiasm quite sharply Gentrack expect FY26 revenue to be between $229m to $238m, lower than previous guidance. Recurring revenues in...

4 5.26 Vista Group International presented to investors today at the Shaw & Partners TechRise conference in Sydney today – and the presentation will also be delivered at the Canaccord Raid Insights conference on May 14. The presentation includes a trading update to April 30 2026, with Vista Group advising that its 2026 guidance and aspirations are on track. The Vista trading update put 2026 revenue, EBITDA Margin and Vista Cloud Site Count all on track, underpinned by momentum from key...

1.5.26 Briscoe Group has announced that unaudited sales for the first trading quarter ended 26 April 2026 (91 days) were $180.8 million, an increase of 1.37%. First quarter sales for the Group’s homeware segment increased by 1.98% to $105.7 million, while sporting goods sales increased by 0.53% to $75.1 million. Group Managing Director Rod Duke said, “The first quarter represented a satisfactory start to the new financial year particularly through February, with trading outcomes in line with...