Latest New Zealand News

Contact Energy Limited has announced a court-approved scheme to acquire Manawa Energy Limited, offering Manawa shareholders $1.12 cash plus 0.5830 new Contact shares per share, representing a significant premium. The merger aims to create a diversified renewable energy portfolio with substantial synergies and growth prospects.

Gentrack Group Limited reported a solid 9.8% revenue increase to NZ$112 million in the first half of FY25, powered by strong recurring revenue growth in utilities and a surge in its airports division, Veovo. Net profit after tax jumped 34.7%, supported by currency gains and a lower tax rate.

Aspen Group has successfully raised $70.18 million through an institutional placement, aiming to reduce debt and pursue new growth opportunities. A Security Purchase Plan is also underway for eligible investors.

The Calmer Co. International Limited has successfully closed a renounceable rights issue, raising just over $1 million and issuing hundreds of millions of new shares and options. Directors’ strong participation signals confidence as the company prepares for growth.

Manuka Resources’ Taranaki VTM Project has cleared a key regulatory hurdle, moving forward in New Zealand’s Fast-track Approvals Process with promising economic and environmental prospects.

Tasman Resources Ltd has announced a renounceable pro-rata rights issue aiming to raise up to $3.68 million to finance exploration drilling at its Parkinson Dam project and reduce shareholder debt. Major shareholders plan to fully subscribe, using loan repayments to offset their entitlements.

Fletcher Building is dissolving its Australian Division, folding operations into two new trans-Tasman units, while targeting $15 million in annual cost savings as market challenges persist.

National Australia Bank has updated its dividend announcement, confirming a fully franked ordinary dividend of AUD 0.85 per share for the half-year ending March 2025, payable in multiple currencies.

HITIQ Limited has announced a non-renounceable entitlement offer to raise up to $2.92 million, supported by partial underwriting from GBA Capital and accompanied by new options issuance. The capital raise aims to fund expansion, product development, and operational growth.

Aspen Group has launched a $74 million equity raising to reduce debt and capitalize on growth opportunities in affordable housing, maintaining its FY25 earnings guidance.

oOh!media Limited reports robust revenue growth momentum continuing into 2025, driven by strong contract wins and disciplined cost management. The company expects sustained market share gains in the expanding Out of Home advertising sector.

Treasury Wine Estates has announced Sam Fischer as its new CEO, succeeding Tim Ford in October 2025. Fischer’s extensive global experience in alcohol beverages and luxury brands signals a strategic evolution for the company.