Latest New Zealand News

Horizon Oil has delivered a record FY26 production of 2.15 million barrels of oil equivalent and expanded its footprint to five countries following the Cue Energy takeover. The company’s diversified portfolio and disciplined capital management underpin a robust growth pipeline through 2028.

Sports Entertainment Group (ASX: SEG) is set to acquire New Zealand’s leading audio business MediaWorks for NZ$130 million, creating a dominant trans-Tasman media group with over 5 million weekly listeners and significant earnings accretion.

Premier Investments trims FY26 Premier Retail EBIT forecast to $176 million, citing tough trading conditions and announces exit from UK Peter Alexander stores while focusing on Australian growth and loyalty programs.

SEEK Limited delivered solid operational growth with record dividends in FY2026, yet posted a hefty net loss driven by a $284m impairment on its Chinese associate Zhaopin and a $201m loss from its Growth Fund.

Suncorp Group reported a 34% drop in net profit for FY26 to $1.03 billion amid elevated natural hazard costs but maintained strong margins and announced a $250 million share buyback and 10c special dividend.

Commonwealth Bank of Australia delivered a solid FY26 with 7% growth in net profit and a strong capital position, while continuing investments in AI and customer protection.

PM Capital Global Opportunities Fund (ASX: PGF) is raising up to $195 million through a $175 million placement and a $20 million share purchase plan at $3.07 per share, matching its net tangible asset value and offering a fully franked 7.5 cent dividend for 2026.

Enlitic has launched its cloud-based Ensight platform in the US through a phased deployment with Radiology Imaging Associates, generating an initial annual recurring revenue of approximately US$50,000 and setting the stage for broader expansion.

Chrysos Corporation posted a 33% revenue increase and 68% EBITDA growth in FY26, driven by expanding its PhotonAssay™ technology fleet to 46 units worldwide and signing 24 new lease agreements.

Amotiv Limited (ASX: AOV) delivered a solid FY26 with a $75.1 million net profit, reversing last year’s loss, underpinned by 2.7% revenue growth and strong cash conversion. The company declared a fully franked 23 cent final dividend and advanced its Amotiv Unified transformation and climate initiatives.

Gentrack Group is set to refresh its board with three new independent directors, while two long-serving members prepare to retire by year-end, marking a strategic governance renewal.

Millennium & Copthorne Hotels New Zealand (NZX:MCK) reported a 12% revenue increase and a 58% rise in profit before tax for the first half of 2026, driven by hotel refurbishments and growing room availability despite softer property sales.