Latest New Zealand News

3P Learning confirms FY26 guidance, wins a New Zealand Ministry of Education contract, secures a $5.5 million tax refund, and signals a return to dividends with a $9.6 million payout planned.

Kingston Resources secures $12.9 million through placement and entitlement offer to fund a 25,000m drilling program and plant expansion at its Mineral Hill polymetallic mine, bolstering cash reserves to $32.3 million ahead of a planned operational restart.

The Australian Competition and Consumer Commission has signalled no objection to Rubik Australia's full acquisition of Qube Holdings, paving the way for the scheme's next legal and regulatory steps. The Qube board also plans a fully franked special dividend, contingent on scheme approval.

Seeka anticipates a drop in net profit for 2026 following a return to typical kiwifruit yields in New Zealand and a weather-hit harvest in Australia. Automation efficiencies are helping to offset rising costs.

Aerometrex has secured two lucrative off-the-shelf data contracts worth AUD 1.07 million from AI innovators Zeromatter Technologies and Neara, underscoring its growing role as a key provider of spatial datasets for AI training.

Novonix has secured A$20.7 million from an institutional placement at a 33% discount, alongside a A$3 million Share Purchase Plan for existing shareholders, aiming to fund production capacity expansion amid growing battery demand.

Fletcher Building expects FY26 EBIT of $375m-$380m, bolstered by $40m in property sale gains, while executing significant divestments to reduce net debt. The company will withdraw its Moody’s credit rating as it targets a simpler capital structure.

ALS Limited has confirmed its ordinary dividend of AUD 0.231 per share for the six months ending March 2026, introducing multi-currency payment options and appointing Macquarie Securities to manage on-market share purchases for its Dividend Reinvestment Plan.

Qube Holdings shareholders convened to endorse a $5.20 per share acquisition scheme by Rubik Australia, valuing the logistics firm at $9.3 billion equity and $11.7 billion enterprise value. The deal awaits key regulatory approvals and a rescheduled court hearing before implementation.

Southern Cross Electrical Engineering (ASX:SXE) has secured $150 million through a fully underwritten institutional placement priced at $4.00 per share, aiming to support new contracts and potential acquisitions. A $15 million share purchase plan will follow, offering existing shareholders a chance to participate.

Vita Resources NL is offering existing shareholders in Australia and New Zealand a free pro-rata bonus issue of options exercisable at $0.056, aiming to enhance shareholder value without impacting cash reserves.

Meridian Energy secures long-term operational certainty for its flagship Waitaki Power Scheme, maintaining generation capacity and storage with a focus on biodiversity enhancements.