Latest New Zealand News

Unith Ltd (ASX:UNT) is raising up to $1.75 million through a non-renounceable entitlement offer priced at 0.8 cents per share, accompanied by free-attaching listed options, aiming to accelerate technology and commercial development.

Contact Energy's June 2026 operating report reveals rising electricity and gas sales alongside a sharp decline in generation costs and robust hydro storage. Renewable projects continue to advance, supporting the company’s clean energy ambitions.

Gratifii Limited has executed a binding agreement to acquire Mosh, with settlement imminent, while deferring completion of its Simplicity acquisition to early 2027 under revised, earnings-linked terms.

WhiteHawk Limited is offering 139.3 million WHKOB Options to placement participants and its lead manager, exercisable at $0.013 and expiring in 2029. The options are issued for nil consideration, with potential proceeds of $1.81 million if fully exercised.

Ariadne Australia anticipates a net profit of $2.0 million to $3.0 million for FY26, a sharp turnaround from the previous year's loss, driven by strong contributions from Orams Group and gains in key investments despite currency headwinds.

Norwood Systems lifted FY26 customer cash receipts to a record A$2.327 million, driven by multiple Tier-1 carrier contracts and successful AI pilot completions in Australia and the UK.

Minerals Exploration Limited (ASX: MEX) is progressing diamond drilling at its Waitekauri Gold Project in New Zealand, focusing on shallow, high-grade gold systems historically mined at Jubilee and Sovereign prospects. Assay results from initial holes are pending, while planning continues for a significant follow-up campaign at Sovereign.

Toubani Resources (ASX: TRE) has launched the retail tranche of its fully underwritten A$70 million entitlement offer at A$0.30 per share, following a successful institutional raise, to fund the Kobada Gold Mine’s construction and exploration.

ECS Botanics delivered a fourth consecutive quarter of positive operating cash flow in Q4 FY26, with a full-year turnaround of $5.9 million. The company’s branded B2C revenue surged 31% year-on-year, supported by product launches and European market expansion.

Vysarn Limited reported a record FY26 with NPBT of $20.9 million and operational revenue of $140.1 million, while completing the $50 million NewGround acquisition that boosts pro forma EPS by 26.7%.

Kingfish Limited outperformed the S&P/NZX50G with an 8.7% gross portfolio return in Q2 2026, driven by strong results from Fisher & Paykel Healthcare, Vista Group, and Infratil, while a2 Milk faced supply chain and regulatory challenges.

Fletcher Building and the New Zealand Government have struck a $60 million deal to keep Golden Bay Cement's Northland plant operational until at least 2040, safeguarding a critical domestic supply chain and addressing carbon cost challenges.