CDL Investments has steady half year
CDL Investments New Zealand released its unaudited results for the six months ended 30 June 2026 with reported profit for the period of $3.39 million (2025: $3.57 million). Recorded property sales, rental and other income eased to $12.55 million (2025: $13.81 million). Board chair Desleigh Jameson said the result was broadly in line with expectations and reflected the challenging property market conditions. “As indicated at our Annual Shareholders Meeting in May, CDI expected 2026 earnings to...
Bremworth shareholders coalesce in lock-up
Carpet manufacturer Bremworth told NZX that a substantial product holder notice has today been filed with NZX by David Ferrier, Henry Lawford Lonsdale Ferrier and Mangawhai Collective Ltd, acting in concert ("Mangawhai”). The notice advises that Mangawhai has entered into lock-up deeds with shareholders representing 32.241% of the ordinary shares in Bremworth, whereby those shareholders have, if Mangawhai chooses to make a partial takeover offer on the terms described in the lock-up deeds,...
Manawa deal helps lift Contact FY26
10.8.26 Contact Energy’s significant increase in net profit of $423m in FY26 – up 27.8% - and operating earnings (EBITDAF) of $1,011m was helped by the acquisition of Manawa Energy from 11 July 2025 contributing to the uplift in earnings. The improved operating result was driven by a significant lift in renewable output, up 2.9TWh including PPAs, with total output 98% renewable in FY26. This reflected the addition of the Manawa hydro assets and it’s contracted PPAs (wind and geothermal), which...
Contact teams up on datacentre prospect
10.8.26 Contact Energy has teamed up with the Infratil associated CDC Data Centres to explore development of a potential data centre at Stratford, Taranaki. Contact and CDC will seek resource consent for a 250 MW data centre1 to be built near the site of Contact’s Taranaki Combined Cycle gas power plant (TCC), retired earlier this year having reached end-of-life. It would be supported by co-located battery storage development. “It is our intention that electricity for the proposed facility...
OIl prices plunge on Strait hopes
The new week began with oil prices plunging on hopes of some form of resolution in the Middle East, while yen volatility continued in the wake of official joint US-Japan intervention late last week, notes BNZ Markets this morning. “(President) Trump has spoken to reporters in the Oval Office and claimed that talks with Iran were ongoing and that they were discussing reopening the Strait of Hormuz tomorrow,” reported Jason Wong, senior markets strategist. “Lower oil prices have eased pressure...
Briscoe holds firm in 1st half sales
3.8.26 Briscoe Group has announced unaudited sales for the 13-week second quarter ended 26 July of $193.4m, an increase of 0.25% on the $192.9m reported for the same period ended 27 July 2025. Group sales for the first half, comprising a 26-week period, were $374.2m, an increase of 0.79% on the $371.3m reported for the pcp. Group managing director Rod Duke said, “We’re pleased to report a third consecutive quarter of positive sales growth despite economic conditions remaining challenging and...
Expanding Vista Group has higher half-year
3.8.26 Vista Group International has announced its half year results for the six months ending 30 June 2026, delivering another strong performance marked by growing market share, accelerating cloud adoption, and upgraded full-year revenue guidance. Total revenue of $86.3m was up 12% on 1H25, with Recurring Revenue of $80.1m (up 14% on 1H25) and SaaS Revenue of $43.5m (up 38% on 1H25) The ARR of $170.1m is up 17% on 30 June 2025 EBITDA of $12.4m rose 24% on 1H25, with EBITDA margin after...
Solid quarter from Third Age Health
3.8.26 Third Age Health has posted a strong first quarter with statutory net profit up 33.1% YoY to $865,000 and up 14.9% over 4Q26 (1Q26: $350,000). Group revenue was up 20.9% YoY to $6,082,000 for the quarter and up 3.8% over 4Q26 (1Q26: $5,031k, 4Q26: $5,858k) 1Q27 NPATA of $1,025,000 is up 36.3% and up 12.4% on 1Q26 and 4Q26 respectively. In 1Q27 services provided to 124 Aged Residential Care (“ARC”) facilities at the end of the quarter was up 34 or 37.8% YoY. The enrolled patient...
MIchael Hill has growth finish to FY26
31.7.26 Michael Hill International provided a trading update for the 52-week period ended 28.6.25, based on preliminary and unaudited numbers, that shows sales up in all markets. Group sales were $654.7m (FY25: $641.6m) delivering growth of +2.0% on LY (+3.9% on a constant currency basis). Same store sales for the year were up +3.0% on LY, and +5.2% on a constant currency basis with the first half momentum continuing through the second half Australia (including Bevilles) delivered strong...
T & G Global agrees T&G Fresh sale
T&G Global has agreed the sale of its T&G Fresh business, through three transactions with Bidfood The sale and purchase agreements are for T&G’s Fijian and Pacific Islands export businesses; with Pukekawa Holdings Ltd and Ashsadeep Co Ltd (or nominee) for T&G’s 51% shareholding in Unearthed Produce Ltd; and with the Turner family, for TGG’s New Zealand fresh produce business, The deals are subject to Commerce Commission clearance. The Turner family will lease from TGG the...
Mainfreight trading update lifts shares
30.7.26 Mainfreight’s annual meeting received a solid briefing from management and managing director Don Braid today. Braid said there was a cautious improvement across all regions in the opening weeks of the FY27 year. “NZ Improving off the back of a difficult time in the year prior and strong sales activity. Revenue for the 16 weeks April 1 to July 19 rose 21% and pre-tax profit was up 79% at $40.49m That performance was matched and slightly superceded by the group’s Australia division...
Blackpearl update shows rebalancing
Blackpearl Group has provided an update for the first quarter of FY27 (ended 30 June), showing new reporting measures. Blackpearl now reports against three key measures: growth (ARR), EBITDAF forecasting and technology advantage measurement, the latter two introduced this quarter alongside the Group’s established metrics. Q1 delivered the planned rebalancing from top-line growth toward bottom-line performance, Growth (ARR): $27.2m, up 95% YoY and 2% QoQ, modest sequential growth by design to...
Mixed trading by KMD Brands
KMD Brand updated the market on trading performance for FY26 and progress against the Next Level strategy. Group sales in FY26 expected to be in the range of $1,040m to $1,044m (up +5% at midpoint on FY25). Direct-to-consumer same store sales (including online) year on year (“YoY”) on a constant currency basis for the first 24 full weeks of the second half: • Kathmandu +4.8%. Kathmandu sales continue to improve year on year relative to Q4 FY25, led by a strong performance in the rainwear,...
Santana’s Kim Bunting retires from board
21.7.26 Santana Minerals Ltd advised the retirement of Kim Bunting as a Non-Executive Director of the Company and its subsidiaries effective today. He has been a long-term Director of Santana and its wholly owned subsidiary, Matakanui Gold Ltd (NZ) for many years and led the team that made the Rise and Shine (RAS) discovery at the Bendigo-Ophir Gold Project. Santana chairman Peter Cook said; “Unfortunately, age-related health issues (78 years old) have forced Kim’s decision to align his...
CPI pushes up inflation rate
21.7.26 Consumer prices rose 1.5% in the June quarter, taking the annual inflation rate rise to 4.1%. The result was in line with Westpac’s forecast but slightly above the RBNZ's July assumption for 3.9% annual inflation. “However, much of that surprise is likely related to volatile items like holiday accommodation,” notes Westpac senior economist Satish Ranchhod. “Consequently, today’s result will not be a major surprise to the RBNZ. “Much of the rise in inflation has been due to increases in...
Surprise funding for Golden Bay Cement
20.7.26 The Government has made a dramatic move to ensure domestic supply of cement by granting Golden Bay Cement up to $60m to support the continued operation of the Fletcher Building subsidiary’s Northland operations. The move is described as “a specific, one-time response to an exceptional set of circumstances” Golden Bay Cement operates the country’s only domestic cement manufacturing facility at Portland, near Whangārei, supplying nearly 60% of the cement used in New Zealand with...
Skellerup upgrades earnings guidance
14.6.27 Buoyed by higher demand, Skellerup has increased its forecast full year FY26 net profit after tax (NPAT) to a range of $64 to $65 million. This compares to earlier guidance of $57 to $62 million and FY25 NPAT of $54.5 million. CEO Graham Leaming said. “Sales in the US market have been higher than we anticipated. “The US market is our largest, with robust demand for our products into potable water, wastewater, dairy, footwear and marine applications in Q4. “The seasonal peak for sales...
Rua signs major export deal in UK
Rua Bioscience has announced a major sales and distribution agreement with one of the UK’s largest medicinal cannabis clinic and distribution businesses. The agreement is expected to generate revenue of more than NZ$10 million over the initial two-year term. It marks a significant expansion of Rua's international commercial footprint through the supply of New Zealand-grown medical cannabis flower into the United Kingdom market. Entering the United Kingdom with an established partner The United...
Sena notifies takeover bid for 2 Cheap Cars
13.7.26 2 Cheap Cars Group has received notice of a takeover offer from major shareholder Sena & Co Ltd for 100% of the fully paid ordinary shares in 2CC not already owned by it. This does not constitute a formal takeover offer. If Sena & Co proceeds to make a takeover offer, it must do so within the period that begins 10 working days and ends 20 working days after today. Shareholders should be aware that Sena & Co is not legally obliged to make an offer during this period and, if...
Headliner issue 9 July on site. Access from Home page
The latest edition of The Headliner, dated 9 July 2926, is now on site. Access from Home page
Reserve Bank moves off ultra-low OCR
8.7.26 The Reserve Bank lifted the Official Cash Rate (OCR) 25bp to 2.50% today. The the decision was reached by consensus among the members of the Monetary Policy Committee. Banking economists had been at variance leading up the decision. The BNZ commented at the start of the day "The RBNZ is widely expected to begin its tightening cycle today with a 25bp OCR increase to 2.50%, although a small minority of economists expect no change. Assuming the Bank delivers, the accompanying messaging...
Taiko raises new capital
8.7.26 Tāiko Critical Minerals has completed a $7 million equity raising by way of a placement to wholesale investors. These funds will provide working capital as the company advances the Barrytown Minerals Project in Westland through definitive feasibility, Fast-track consenting, OIO approval and towards construction. The company is now opening a share purchase plan to be offered to eligible New Zealand shareholders with an issue price of $0.25 per share, capped at $50,000 per shareholder....
a2 Milk updates on supply chain and outlook
7.7.26 The a2 Milk Company has provided a supply chain update in relation to its China infant milk formula (IMF) business and an update on its preliminary unaudited FY26 results. Supply chain update On 13 April 2026, the company provided a Trading, Supply Chain and Outlook update that noted shortfalls of China label IMF product at distributors and retailers that would materially impact in-market product availability during 4Q26. These product shortfalls were due to a number of factors,...
Earlier resumption of upturn
6.7.26 It has been an uncertain time – and still is – but extremely high oil prices now look to be behind us, says ASB chief economist Nick Tuffley in launching the bank’s latest quarterly economic outlook. “It would only take one “Orange Swan” event to unravel this ceasefire. Still, we are more convinced that one way or another a deal that enables some degree of shipping to transit the Gulf of Hormuz will hold enough, even if some parties are “Winning” more in the Charlie Sheen sense than a...
Opposition to Bremworth scheme
6.7.26 Bremworth has received a letter from David Ferrier and shareholders associated with Mr Ferrier, collectively representing 19.413% of the shares in Bremworth, indicating that they intend to vote against the proposed scheme of arrangement with Floorscape. Bremworth also received communications from Terry Harrison, as trustee for the TR Harrison Securities Trust, “purporting to represent holdings of ~2.4% of the shares in Bremworth, indicating that those shareholders intend to vote against...
THL grants due diligence
3.7.26 Tourism Holdings today lodged a further update following the 12 June 2026 announcement in which the THL board agreed to grant due diligence access to the consortium of BGH Capital (BGH) and the family interests of Luke and Karl Trouchet (the consortium), subject to entry into an appropriate confidentiality agreement. THL has now executed a confidentiality agreement with the consortium. The consortium will now be granted access to commence its due diligence investigations in respect of a...
Panel eases access on lake storage
3.7.26 Meridian Energy has received the Fast-track Panel’s final decision confirming the easing of access restrictions on Lake Pūkaki hydro storage for a three-year period. Chief Executive Mike Roan says the easing of access restrictions will reduce dry-year risk and related price impacts through to Winter 2028, providing extra insurance for the system while more new generation capacity is constructed. “Hydro generation provides around 60% of the country’s electricity and offers storage that...
ANZ lean towards OCR increase
1.7.26 ANZ Bank expect the RBNZ to raise the Official Cash Rate (OCR) 25bp to 2.50% next Wednesday. “In uncertain times, it’s all about risk management, “said chief economist Sharon Zollner. “With the OCR still 75bp below the RBNZ’s central estimate of neutral, growth conditions supportive, the NZD much softer than assumed, and inflation set to sit above the band for a period, it’s sensible to get a hike under the belt, despite the sharp fall in oil price.”
Solid platform for rental growth
23.6.26 With the majority of the portfolio income subject to fixed or CPI‑based rent reviews, Kiwi Property has a solid platform for future rental growth, shareholders were told at today’s ASM “As a business, our goal is to deliver sustainable earnings growth and we target 3% average annual dividend growth over time,” said chairman Simon Shakesheff. “For FY27, we are guiding to a full year dividend of 5.75 cents per share. This represents 2.7% growth on the prior year, and average annual...
Improving trend for 2 Cheap Cars
19.6.26 2 Cheap Cars Group Limited (NZX:2CC) today provided an encouraging update on its recent trading performance. As outlined in the FY26 results on 29 May 2026, trading momentum improved materially through the second half of FY26. This was driven by stronger vehicle margins, improved procurement conditions, disciplined cost control and robust finance and insurance penetration rates. This momentum has continued into the early part of FY27. The company recorded net profit after tax (NPAT) of...
