Latest New Zealand News

Metroglass has reported a 5% revenue decline in its half-year results but achieved a significant reduction in net debt and improved profitability, signaling progress in its turnaround strategy amid challenging market conditions.

VHM Limited has raised A$10.3 million through a fully-underwritten institutional placement, advancing its Goschen Project development ahead of a Final Investment Decision in early 2026. A Share Purchase Plan will follow, inviting existing shareholders to participate at the same discounted price.

Elementos Limited has announced a $2.9 million non-renounceable entitlement offer alongside a $6 million initial placement to fund key project developments, including the Oropesa Tin Project and Cleveland Tin and Tungsten Project.

Elementos Limited has secured a minimum $8.7 million capital raise led by Metals X, boosting its cash reserves to $12.5 million to advance key tin projects. The raise includes a $6 million unconditional placement and a pro-rata entitlement offer to shareholders.

Unico Silver Limited has completed a $40 million share placement and launched a $5 million Share Purchase Plan for eligible shareholders at a discounted price of $0.55 per share.

Maggie Beer Holdings has announced a $2.28 million entitlement offer priced at a 10.3% discount to raise working capital, inviting eligible shareholders to participate in a 1-for-10 share issue.

Santana Minerals has secured formal acceptance from New Zealand's Environmental Protection Authority for its Fast-track Approvals application, moving the Bendigo-Ophir Gold Project closer to construction.

Ryman Healthcare has completed a full refinancing of its $2 billion syndicated loan facilities, extending the average maturity to five years and enhancing funding flexibility. The move aligns with the company’s disciplined growth strategy and sets the stage for future capital management decisions.

The a2 Milk Company has secured key regulatory approvals in China, moving closer to launching its infant formula products under the a2MC brand by mid-2027.

Gentrack Group reported robust FY25 results with an 8% revenue rise to NZ$230.2m and a 119% jump in net profit, driven by strong growth in utilities and airports segments alongside strategic investments in its new cloud platform and global expansion.

Gentrack Group reported a strong FY25 with revenue up 8% and net profit more than doubling, driven by key deployments of its new g2.0 cloud platform and robust growth in its airports division Veovo.

Verbrec Limited reported record FY2025 financial results with its highest gross and adjusted EBITDA margins in years, alongside strategic moves including the acquisition of Alliance Automation and divestment of its Competency Training business.