Latest New Zealand Equities News

Solution Dynamics is relying on its nascent nGAGE software business and a larger potential buyback to navigate a sharp FY2026 earnings setback. Net profit fell 85.4% to NZD 0.382 million after the loss of a major customer contract, while FY2027 guidance remains at NZD 0.4 million to NZD 1.0 million.

Tower has renewed its FY27 reinsurance programme with $970 million of catastrophe protection, higher limits for a third catastrophe event and a lower expected reinsurance cost ratio. The insurer says several new multi-year agreements should also improve certainty around future costs and catastrophe excesses.

Kingfish’s adjusted NAV rose 1.2% in August, broadly matching the NZX benchmark as Vista, Fisher & Paykel Healthcare and Delegat delivered the strongest portfolio gains. The fund still trades at a 7.5% discount to NAV, while its one-year shareholder return remains negative.

Ophir High Conviction Fund reported a 6.24% increase in net assets to $765 million for the half-year ended December 2025, despite a sharp 62.7% fall in operating profit. The Fund’s portfolio performance slowed significantly, prompting no distributions during the period.