🕒 Tuesday 25 August 2026 Tue, 25 Aug 2026

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.