New Zealand · Delayed Price · Currency is NZD Channel Infrastructure NZ Earnings Call Transcripts
Fiscal Year 2026
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The meeting reviewed strong financial growth, increased dividends, and progress on major infrastructure projects, including new storage and the Marsden Point Energy Precinct. Shareholders discussed asset values, governance, and future expansion, with the board emphasizing resilience and strategic growth.
Fiscal Year 2025
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EBITDA grew 4% year-over-year (excluding Wiri lease), with strong free cash flow and a final dividend above guidance. Major projects are ahead of schedule, and FY2026 EBITDA is forecast at NZD 95–100 million. Jet fuel growth remains modest amid ongoing aircraft issues.
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EBITDA rose 5% year-over-year to NZD 48.5 million, with revenue up 1% and a 42% higher interim dividend. Major storage contracts and capital projects are progressing, while leverage and cash flow metrics remain strong. Guidance for FY 2025 is unchanged.
Fiscal Year 2024
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Revenue grew 7% to NZD 139.8 million and EBITDA rose 9% to NZD 95.1 million, with strong free cash flow and a 5% dividend increase. Major growth projects, asset revaluation, and government support for the Marsden Point Energy Precinct position the company for future expansion.
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Marsden Point Energy Precinct is set to unlock significant value by attracting strategic tenants and projects, diversifying revenue streams, and supporting New Zealand's energy transition. Operational excellence and infrastructure upgrades underpin growth, while a robust project pipeline and prudent risk management ensure long-term shareholder value.
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Revenue and EBITDA grew 8% and 10% year-over-year, with strong jet fuel demand and new storage contracts driving NZD 75 million in additional contracted revenue. Guidance was reaffirmed, and the company is advancing strategic upgrades and energy transition initiatives.