Latest Nzx News

Steel & Tube Holdings reported a 13.9% revenue rise and a 376% jump in normalised EBITDA for FY26, despite a statutory net loss of NZD 61.2 million driven by significant asset impairments and ongoing market challenges.

MOVE Logistics Group has completed its strategic Reset phase, reporting a return to positive normalised earnings and improved cashflow in FY26, despite ongoing challenges in its warehousing division.

The Warehouse Group expects a sharp rebound in FY26 operating profit, projecting NZD 20 million to 24 million, up from just NZD 1.3 million last year, driven by margin gains at Noel Leeming and Warehouse Stationery amid subdued consumer spending.

Tourism Holdings Limited (thl) posted a $39.9 million statutory net profit after tax for FY26, reversing a prior year loss, while navigating geopolitical headwinds and receiving competing takeover bids.

SkyCity Entertainment Group turned down two unsolicited takeover proposals from Oaktree Capital and another party, citing undervaluation and onerous conditions. The company remains focused on its asset sales and operational reset.

NZME delivered a notable turnaround in the first half of 2026, doubling operating profit and cutting net debt by $13.9 million, led by strong audio revenue and digital expansion despite a challenging economic backdrop.

Vulcan Steel posted a robust FY26 with revenue up 22% and NPAT rising 31%, driven by the integration of Roofing Industries and volume growth despite economic headwinds.

Property for Industry Limited (NZX: PFI) reported a resilient FY26, delivering a 14% rise in adjusted funds from operations per share and a 10.5% dividend increase, backed by strong portfolio occupancy and progress in green developments.

Chorus reported solid FY26 results with revenue growth driven by fibre expansion and disciplined cost management, while accelerating copper network retirement and launching new digital infrastructure services.

South Port New Zealand has delivered a record full-year profit in FY26, driven by a strong 11.5% rise in cargo volumes and significant container throughput growth. The company is positioning for future expansion amid leadership changes and cautious FY27 outlook.

General Capital’s 2026 Annual Shareholders Meeting saw a notable board shake-up as investors declined to re-elect Brent Douglas King, while approving a near 10% hike in directors' remuneration.

TradeWindow is positioning itself for a primary ASX listing, appointing two seasoned Australian logistics experts to its board and reshaping its executive team to deepen market expertise and meet listing requirements.