Latest New Zealand News

Orthocell Ltd delivered a standout FY26 with 44% revenue growth to A$13.2 million, powered by accelerating US sales of its nerve repair product Remplir and a robust cash position supporting further expansion.

Skellerup has raised its FY26 net profit after tax forecast to $64-$65 million, driven by robust demand in the US and New Zealand markets, improved supply chain conditions, and favourable currency and tariff impacts.

Ryman Healthcare reported steady retirement living sales in Q1 FY27 with a 7% rise in net resales, buoyed by serviced apartments. The company remains on track for FY27 build targets and sees robust aged care occupancy despite housing market headwinds.

oOh!media is progressing negotiations with three private equity groups offering between $1.60 and $1.65 per share for a potential change of control. The process remains uncertain with binding deals yet to be secured.

FleetPartners delivered robust 8% year-to-date net book wins growth in 3Q26, upgrading its FY26 NBW guidance to high-single digits while expecting end-of-lease income to rebound in 4Q26.

Channel Infrastructure has unlocked value from decommissioned assets while the Marsden Point Biorefinery project broadens its scope to include fertiliser production, aiming to boost New Zealand’s fuel and economic security.

Rua Bioscience has secured its largest export contract, committing to supply New Zealand-grown medical cannabis flower to a major UK distributor, projecting over NZ$10 million in revenue across two years.

Sena & Co Limited has launched a conditional full takeover offer for the remaining shares of 2 Cheap Cars Group Limited, aiming to increase its stake from 75.9% to at least 90%. The NZ$0.80 per share cash offer comes with plans to delist 2CC and maintain current operations.

NEXTDC has secured an additional A$500 million in senior debt facilities, lifting its total available senior debt to A$8.7 billion. The upsized debt package supports ongoing data centre expansion and recent contract wins, reflecting strong lender confidence.

Steadfast Group has granted a four-week extension to the exclusivity period for its non-binding $6 per share acquisition proposal from a consortium led by Amwins and Dragoneer, following their re-confirmation to proceed.

Toi Foundation has reopened its community consultation on the proposed sale of TSB Bank shares to Heartland Group Holdings due to a procedural error, pushing the trustee decision to August and delaying the merger timeline.

New Zealand Rural Land Company faces uncertainty as Kiwi Crunch Farms, a tenant accounting for nearly 6% of rental income, enters receivership. Additional leases tied to the same owner add to risk, prompting suspension of earnings guidance.