Latest Nzx News

CDL Investments New Zealand reported a modest profit decline for the first half of 2026, reflecting ongoing residential market challenges, while securing a $20 million credit facility to support future development.

Minerals Exploration Limited has reported rock chip assays with gold grades up to 37.4 g/t and tungsten up to 2.63% at its Glenorchy Tungsten Project in Otago, New Zealand. The company plans a maiden drilling program in late 2026, pending regulatory approvals.

Rua Bioscience has approved a $600,000 convertible note facility aimed at boosting inventory purchases to accelerate its UK market expansion following a major distribution deal.

Kingfish Limited posted a net loss of NZD 13.6 million for FY2026, underperforming the NZX50 benchmark, but showed early signs of recovery in FY2027. The company re-elected two directors and maintained its focus on quality growth stocks amid a cautious economic outlook.

NZME has agreed to acquire Stuff’s Petone print plant equipment, aiming to cut operating costs and right size its production capacity. The move involves up to $15 million in investment with expected annual savings of around $7 million once operational.

Asset Plus Limited (NZX:APL) has increased its third quarter dividend to 0.25 cents per share, up from 0.20 cents, reflecting stronger Funds from Operations driven by a new lease at Munroe Lane.

Promisia Healthcare is set to acquire Chatswood Retirement Village in Christchurch for $25 million, bolstering its East Christchurch presence and promising immediate earnings accretion.

New Zealand King Salmon (NZX: NZK) has upgraded its FY26 earnings outlook, lifting pro-forma EBITDA guidance to $30 million–$34 million, driven by better fish performance and fewer supply chain disruptions than expected.

WasteCo appoints Brian Cohalan as CEO effective August 31, replacing interim Roger Gower, alongside new regional managers and a COO resignation, signaling a strategic leadership reset.

AoFrio’s revenue fell 21.5% in 1H26, dragged down by a 50.5% plunge in motor sales due to US tariffs, while IoT revenue grew modestly. The company launched new cellular and software platforms, raised NZD 8.9 million, and is expanding into Food Retail, but full-year revenue growth now looks unlikely.

Precinct Properties has obtained resource consent under the Fast-track Approvals Act 2024 for its Downtown Carpark project, advancing a key development milestone ahead of its August annual results.

RUA GOLD has obtained regulatory approval to start exploration drilling at its Glamorgan Project, a promising epithermal gold target adjacent to a major OceanaGold deposit in New Zealand. The company plans a 9,000-metre drill program to test three high-priority targets identified through extensive geophysical and geochemical surveys.