31.8.26 Michael Hill International’s improved results for the June year follow strong same store sales growth across all segments, leading to a 57% increase in comparable EBIT, and the restoration of dividends. The Group has undertaken a strategic simplification of the business, sharpening its focus on its two core brands, Michael Hill and Bevilles. MHJ has strengthened retail operating discipline and decision-making, refined its go-to-market strategies and strengthened its focus on customer...

28.8.26 Channel Infrastructure NZ has entered into a 15-year contract with bp for significant additional jet and diesel fuel storage at the Marsden Point Energy Precinct. The contract is expected to generate ~$130m of revenue over its initial 15-year term, prior to PPI indexation, with revenue commencing in 3Q28. Channel expects to invest ~$65–70m of growth capital expenditure across 2026 to 2028 to repurpose existing tanks and associated infrastructure for the new storage. The investment will...

Soaring costs of jet fuel depressed Air New Zealand’s FY26 financial result to the extent of causing another net loss for the airtline. AIR today announced a loss before taxation of $336m for the 2026 financial year, compared with earnings before taxation of $164m in the prior year. However, the result is slightly better than the guidance range provided to the market in May 2026. Net loss after taxation was $242m. The result was primarily driven by four factors: jet fuel prices, engine...

28.8.26 Hallenstein Glasson advised NZX today that group sales for the 12 months ended 1 August 2026 were $563.0 million, an increase of +19.6% on the prior year ($470.7 million). The directors noted the result has benefitted from a stronger Australian Dollar and on a constant currency basis, sales were up +15.6% on the prior year. Group net profit before tax is expected to be within the range of $83.0 million to $84.5 million (prior year $58.4 million), an increase of approximately +43.5%....

  Equity markets in various jurisdictions, including New Zealand where the NZX50 shed 133.10 points to close this evening at 13,880.05, having set a new record the day prior. In Australia the ASX All Ords index fell 95.80 at 9423.20. In the United States all key indices declined, the Dow Jones dropping 113.52 at 53,483.89, the S&P 500 off 1.58 at 7675.70 and Nasdaq down 21.10 to 26,130.w20. There were 33 gainers on NZX, the best being Summerset Group which advanced 71c to $8.58, +9%,...

27.8.26 Precinct Properties has had a record FY26 year of leasing volume with transactions completed across 37,850 m² of investment properties The company has achieved 9.9% growth on new office leases. Rent reviews delivered an average uplift of 3.3% across 156,090 square metres or more than 60% of the investment portfolio. Portfolio occupancy remained high at 97%, with weighted average lease term increased to 7.1 years (FY25: 6.0 years). Precinct Properties FY26 results reflected negative...

25.6.26 Tourism Holdings has reported statutory net profit after tax (NPAT) from continuing operations of $39.9 million for FY26, compared with a statutory net loss from continuing operations of $14.1 million in FY25. The company also reported a 34% increase in underlying NPAT from continuing operations to $46.1 million. The FY26 11% increase in sale of services revenue (primarily rentals) to $517.5 million, was driven by fleet growth and improved RevPARV Total revenue was down 5% to $852.9...

25.8.26 Scott Technology has confirmed a significant performance milestone for its Rocklabs Automated Modular Solution (AMS) crusher cell technology. The system has been achieving 25 samples per hour during site acceptance testing, more than 30% above its original throughput requirement of 19 samples per hour. The result was achieved as part of a major contract for one of the world’s largest testing, inspection and certification providers, validating the AMS and positioning Scott to expand...

25.8.26 NZME has delivered a stronger first half despite economic conditions remaining tougher than expected at the beginning of the year. Operating Revenue and other income of $167.0 million, up from $165.7 million, and Operating EBITDA of $26.5 million, up 11% Statutory net profit after tax was $6.6 million, compared with a statutory net loss after tax of $0.4 million, while net debt reduced by $13.9 million to $19.4 million. Michael Boggs, NZME Chief Executive Officer, says “Our core...

The equity market collected nothing by way of a bonus uplift from the All Blacks’ stunning win over the Springboks at the weekend and instead decided to prune some stocks after recent strong gains. The NZX50 fell 90.78 at 13,881.88. In Australia the ASX All Ords gained 47 at 9316.70. There were 65 gains to 73 falls. One of the gainers Fisher & Paykel Healthcare , a growth stock that released a trading update last Friday was propelled 70c higher to $44.22 – a new record for the export...

Property for Industry reported a FY26 profit after tax of $77.7m (15.47 cps), down from $106.0m (21.11 cps) in FY25. The result included a $16.1m fair value gain on investment properties, as compared to a $70.7m fair value gain in FY25. FY26 net rental income increased $15.2m or 14.1% on FY25 to $123.2m This was driven by leasing activity (+$9.4m), the early lease surrender payment at 92–98 Harris Road, East Tamaki (+$3.6m), development projects completing in the prior period (+$1.6m), and...

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)...

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...

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...

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...

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...

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...

19.8.26 Fletcher Building is significantly more resilient than it was twelve months ago, said managing director and CEO Andrew Reding, with FY26 net earnings improving by $625 million on last year’s net loss to a net result of $228 million. EBIT from continuing operations before Significant Items of $414 million up $85 million on FY25. Net cash from operating activities of $715 million, was up from $501 million in FY25. Net debt of $637 million is reduced from $999 million in June 2025 “We...

19.8.26 Turners Automotive’s annual meeting presentation today included an update on trading since 31 March 2026 and on the group’s outlook for FY27. The Middle East conflict has persisted, slowing New Zealand’s economic recovery and denting consumer confidence. “Higher fuel prices have materially reduced demand for diesel and larger petrol engine vehicles, resulting in trading conditions that are materially harder in 1H27 than in 1H26 and 1H25,” said CEO Todd Hunter. Turners repositioned...

18.8.26 Mainfreight Ltd advised NZX and its shareholders that it has been required to provide its statutory share register to Worthington Clark Pty Ltd, an Australian commercial asset-recovery business. Mainfreight opposed the request and referred it twice to the Financial Markets Authority (FMA) under section 224 of the Financial Markets Conduct Act 2013. Mainfreight raised concerns about the disclosure of its entire shareholder base. The FMA declined Mainfreight’s request to withhold the...

18.8.20 Mercury NZ has delivered a strong FY26 performance in the June year, supported by higher hydro generation and new renewable generation which is a feature of the report. FY26 revenue declined 8% to $3.22 billion (FY25: $3.50 billion). Net profit showed a turnaround at $321.00 million (FY: $1m) The company reinvested 66% of its FY26 operating earnings (EBITDAF) - $710 million - in new and existing renewable generation assets. Operating cashflow of $762 million helped fund this investment...

18.8.26 Scott Technology, an export manufacturer of processing equipment, has secured a series of materials handling and logistics (MHL) contracts totalling approximately $20 million. The orders reflect continued momentum in the domain and further execution of the company's Destination 2030 growth strategy. The contracts span North America and Europe and include a major project with a leading North American frozen potato producer, alongside two extension projects with European customers in the...

18.8.26 WasteCo Group advised this morning that several third-party wholesale investors have agreed to subscribe for $700,000 in unsecured Convertible Notes in WasteCo. The new Notes mature on 14 August 2027. The holder has the flexibility to redeem the new Notes for cash, or to convert them to WasteCo shares at an effective conversion price of $0.05833 each by notice in writing to WasteCo prior to the Maturity Date. The annual interest rate is 8%, payable quarterly. In the event of a material...