CDC signs 555MW data centre deal
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...
Ventia a standout after contract awards
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...
Gentrack guidance shock for market
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...
Vista group on track
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...
Briscoe holds on stable course
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...
Gentrack making tech deal in Dubai
20.4.26 Gentrack Group has entered into a sale and purchase agreement to acquire Dubai Technology Partners (DTP), a premier airport technology and services provider based in Dubai, in the United Arab Emirates. The acquisition will be integrated into Gentrack’s airports division, Veovo, expanding the footprint in the Middle East. The acquisition of DTP is a key milestone in Gentrack’s global growth strategy, delivering two primary strategic benefits: Enhancing Veovo’s AI-Centric...
T&G looks to divest NZ produce assets
30.4.26 T&G Global in advanced discussions to divest its New Zealand fresh produce, Fijian and Pacific businesses. While discussions are well advanced with both parties, both transactions are subject to finalisation of contract. T&G will update the market when there is any formal agreement executed. The proposed divestment follows a comprehensive strategic review confirming T&G's long-term strategy and growth opportunities are in Apples and VentureFruit, utilising T&G's...
Despite soft demand prices indicate inflation
29.4.26 Businesses across the economy are bracing themselves for softer trading conditions over the next few months, Westpac senior economists Darren Gibbs and Satish Ranchhod commented this week. They add that this softness in demand is raising questions about whether businesses can pass increases in operating costs through to output prices. “At this stage, that pass-through has not been complete, with many businesses reporting increased pressure on margins. But that can’t continue...
Truscreen updates FY26 guidance
28.4.26 Truscreen Group the provider of AI enabled cervical cancer screening technology confirmed unaudited revenue and earnings guidance for the March financial year. The updated FY26 revenue guidance is for unaudited product sales revenue in line with the prior guidance at approximately $2.4 million, representing an increase of 41% on FY25. Total unaudited revenue for FY26 is expected to be approximately NZ$2.8 million, slightly higher than the previous guidance and an increase of around 29%...
Rakon bounces back into profit
28.4.26 Electronics manufacturer Rakon has told NZX that it has closed its March 2026 strongly delivering a return to profitability after two loss-making years. The company is currently under takeover offer from the Californian company Bourns Inc. Rakon has released preliminary unaudited data showing: Group revenue: NZ$128.8m (FY25: NZ$103.7m), up 24% Gross margin: NZ$62.2m (FY25: NZ$44.7m), up 39% Underlying EBITDA : NZ$20.3m (FY25: NZ$9.5m), up 113% NPAT: NZ$3.1m (FY25: NZ$-5.8m). This group...
IKE showing subscription growth
ikeGPS Group provided a performance update for the 12 months to 31 March 2026. Highlights: FY26 Platform Subscription Revenue ~NZ$19.2m (+33% vs pcp) — FY26 guidance of approximately 35% subscription revenue growth materially delivered. Positive underlying EBITDA achieved in the month of March 2026 IKE reports ~33% platform subscription revenue growth With total cash of ~NZ$33m (ahead of the ~NZ$32.3m reported at 3Q FY26), net receivables ~NZ$4.3m and no debt as at 31 March 2026, IKE remains...
Comvita opens rights offer
23.4.26 Comvita Ltd has opened its pro-rata renounceable Rights Offer to raise up to NZ$30 million. The rights offer is part of the capital raise announced on April 15 2026 to facilitate bank refinancing. The raise is partially underwritten by F&N Ventures Pte. Ltd (F&N), a subsidiary of Singapore listed Fraser and Neave, Ltd, a leading Southeast Asian consumer group, who will join the Comvita register as a strategic investor. Eligible Shareholders have been invited to subscribe for 1...
NZX appoint acting CEO
NZX has appointed Graham Law as the Acting Chief Executive of NZX. Chair John McMahon says with Mark Peterson leaving his role as NZX Chief Executive on 30 April, Law, NZX’s Chief Financial and Corporate Officer, will become Acting Chief Executive from 1 May. “Graham is a highly experienced and respected executive leader with detailed knowledge and strategic understanding of the NZX Group business. “He has acted in the role when Mark has been on leave and is highly regarded by the market,...
Mercury NZ upgrades guidance
Mercury NZ has upgraded its FY2026 EBITDAF guidance from $1.0b to $1.05b. This reflects disciplined portfolio management and higher forecast renewable generation from hydro and new generation. Guidance may change and remains subject to any material events, significant one-off expenses or other unforeseen circumstances including changes to hydrological conditions.
CFO to depart Air NZ
22.4.26 Air New Zealand’s Chief Financial Officer Richard Thomson has resigned from his role and will leave the airline on August 28. He rejoined Air New Zealand in March 2021 as CFO, having previously held senior commercial and finance roles within the airline. During his tenure, he has made a significant contribution to the recapitalisation of the airline, the post-Covid recovery and response to fleet availability challenges, said CEO Nikhil Ravishankar. He said Richard Thomson is an...
Fuel costs impact EBOS
22.4.26 EBOS Group says in an update to NZX today that elevated fuel prices and broader energy cost pressures are impacting on the Group’s FY26 earnings outlook. Fuel prices have increased materially in recent months, driven by global supply dislocation and heightened geopolitical risks. In addition, there is a lesser impact on the price of hydrocarbon related consumable products, for example plastic wrapping and polystyrene foam. This has resulted in higher direct transport, consumables and...
KMD Brands completes capital raise
22.4.26 KMD Brands has successfully completed the retail shortfall bookbuild component of its approximately $58.5m fully underwritten 1 for 0.73 pro-rata accelerated renounceable entitlement offer of new fully paid ordinary shares. The placement and entitlement offer have together raised total gross proceeds of approximately $65.3m. Net proceeds will be used to reduce KMD’s net debt position and strengthen the balance sheet, and in conjunction with the refinanced debt facility, provide a...
Government gains diesel storage at Marsden Point
20.4.26 Channel Infrastructure NZ confirmed contractual details with the New Zealand Government for significant additional diesel storage at the company’s Marsden Point Energy Precinct. The New Zealand Government has contracted 93 million litres of diesel storage capacity, equivalent to approximately 9 additional days of New Zealand diesel demand, at Marsden Point until 31 December 2027. The storage is being brought into service on an accelerated basis and is on track to meet the current...
Trade Window CEO ill, resigns
Trade Window Holdings has announced that on 18 April its Chief Executive Officer, Mr AJ Smith, resigned as CEO due to illness. The company’s chair, Alasdair MacLeod, expresses his appreciation to Mr Smith for his services over seven years as the company’s founding CEO, leading the business from a start-up to a publicly listed entity, and wishes him a speedy recovery to full health. The company’s Chief Operating Officer, Mr Dewald van Rensburg will assume the role of Acting CEO with immediate...
Upgraded guidance from King Salmon
17.4.26 New Zealand King Salmon Investments has upgraded earnings guidance for FY26. Pro‑forma EBITDA is now expected to be in the range of $19 million to $27 million (pro‑forma EBIT $10 million to $18 million), compared with the previous guidance range of pro‑forma EBITDA of $9 million to $15 million (pro‑forma EBIT ranging from a $3 million loss to a $3 million profit). NZ King Salmon CEO Carl Carrington, said the revised guidance follows the completion of the summer farming period, which is...
Comvita capital raise and new Investor
15.4.26C Honey products exporter Comvita has moved to stabilise the business with several steps co-ordinated steps that it advised to NZX this week. The company is making a capital raise via a pro-rata renounceable rights offer of up to NZ$30 million, with the proceeds applied to repay bank debt Secondly, Comvita is facilitating refinancing comprising a NZ$20 million working capital facility and up to NZ$30 million core debt facility expiring September 2028. Thirdly, the capital raise is...
Michael Hill momentum ongoing
14.4.26 Michael Hill International report that positive momentum from the first half of FY26 has continued into 3Q26, management advised. Total sales for the group were up 3.8% in 3Q26, group same store sales were up 4.6% on prior year, with same store sales, in local currency for the: o Australian segment up 5.5% o Canadian segment up 11.3% o New Zealand segment up 7.1% Gross margins continue to be broadly flat to last year. Chief Executive Officer, Jonathan Waecker noted “Continued...
Green Cross respond to media report
14.4.26 Green Cross Health told NZX it has become aware of an article in the Australian media published last night reporting that Green Cross Health is in discussions with third parties regarding a potential sale of its Medical division. Green Cross Health confirmed that it is engaging with parties regarding a potential transaction involving the Medical division. “There is no certainty that this engagement will lead to any transaction. Green Cross Health will continue to keep shareholders...
Synlait responds to a2 Milk
13.4.26 Synlait Milk noted the announcement from The a2 Milk Company today updating its trading, supply chain and outlook position in relation to its infant milk formula (IMF) business in China. In response to the announcement, which refers to Synlait, the company notes that: • as per its half year results in March 2026, enhanced testing was implemented earlier this year for all infant formula products, which has resulted in extended release times and impacted working capital requirements. •...
A2Milk alerts market to supply chain issues
13.4.26 The early effects of the Iranian War are expected to be reported in CEO commentaries over coming weeks, starting with the United States financial sector this week Closer to home, the current week opened with the a2 Milk Company (the Company, a2MC) updating the market related to trading, supply chain and outlook in relation to its infant milk formula (IMF) business in China. The company continued to experience strong demand for the a2 brand across all product categories and regions in...
Fonterra’s new CEO appointed
13.4.26 Fonterra Co-operative Group Ltd has gone for depth of experience in making the internal appointment of Richard Allen as its next chief executive officer, succeeding Miles Hurrell. Leading the major export business is one of NZ’s most important business roles. Fonterra’s chair Peter McBride says Richard Allen is an exceptional leader who will bring to the CEO role a strong connection with farmer shareholders and customers and a deep knowledge of Fonterra’s global operations and markets....
No change in OCR except for tone
The RBNZ left the Official Cash Rate (OCR) unchanged at 2.25% today, as universally expected. The Summary Record of Meeting reiterated many of the same points as the Governor’s speech last month – “wait and see”, effectively, commented Sharon Zollner, chief economist at ANZ Bank in New Zealand. “The RBNZ revealed its updated inflation forecasts: 4.2% in Q2. That is based on an assumption that Dubai oil prices drop below USD100/bbl by the end of June. “Downside growth risks got plenty of...
ComCom extends Bremworth decision
The NZ Commerce Commission has decided to extend its decision on the Bremworth scheme of arrangement until May 29. The NZCC confirmed that it will be releasing a Statement of Unresolved Issues in connection with the scheme. Brewworth advised NZX that “the publication by the NZCC of a Statement of Unresolved Issues is a standard part of the merger clearance process – it is not a final decision and does not indicate that the NZCC intends either to give or to decline clearance. On October 1,...
Stable situation in fuel stocks
6.4.26 Today’s fuel stocks update by MBIE showed that as of last Wednesday evening, there were 61.9 days of petrol, 51.5 days of diesel, and 50.1 days of jet fuel. This is compared to 58.7 days of petrol, 52.2 days of diesel and 46.2 days of jet fuel, in a prior update. MBIE said the update showed national fuel stocks were stable, with sufficient stock levels. "Movements remain within expectations and show normal patterns.” The update showed there were 27.2 days of petrol in-country, 17.5 days...
KMD placement and insto offer completed
2.4.26 KMD Brands has successfully completed its $6.8 million underwritten placement and the institutional component of its approximately $58.5 million fully underwritten 1 for 0.73 pro-rata accelerated renounceable entitlement offer, as announced on Tuesday The Placement and Institutional Entitlement Offer closed on Wednesday and raised combined gross proceeds of approximately $44.2m through the issue of new fully paid ordinary shares in KMD. The Placement was well supported by a number of...
