New Zealand · Delayed Price · Currency is NZD Spark New Zealand Earnings Call Transcripts
Fiscal Year 2026
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Profitability improved in H1 FY26 with adjusted EBITDA up 5.1% and NPAT up 30.4% year-on-year, driven by cost discipline and mobile momentum. Free cash flow rose 84%, and the data center sale reduced net debt, supporting a positive outlook and reaffirmed guidance.
Fiscal Year 2025
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The meeting reviewed a challenging year with revenue and profit declines, but maintained dividends and outlined a new five-year strategy focused on core connectivity, cost discipline, and AI-driven efficiencies. Board renewal and succession planning were highlighted, with all director re-elections supported by shareholders.
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A new five-year strategy prioritizes core connectivity, network investment, and customer experience, with ambitious financial targets and disciplined capital management. AI and global partnerships drive efficiency and innovation, while non-core assets are under review for potential divestment.
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FY 2025 saw revenue and EBITDA declines amid tough economic conditions, but transformation efforts delivered cost savings and portfolio simplification. Asset sales funded debt reduction and core investment, with FY 2026 guidance indicating stable free cash flow, a 100% dividend payout, and a focus on connectivity growth.
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Revenue and profit declined sharply in H1 2025 due to weak enterprise/government demand, cost inflation, and competitive pressures, but free cash flow improved on disciplined CapEx. Cost transformation and strategic partnerships are expected to deliver significant savings and support a leaner, more competitive business.
Fiscal Year 2024
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FY24 was marked by economic headwinds, reduced earnings, and a reset of FY25 guidance. Strategic focus is on core telco growth, cost reduction, and data center expansion, with board changes and all resolutions supported by shareholders.
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FY 2024 saw revenue and profit declines amid recessionary pressures, but mobile, data center, and high-tech segments grew. Cost reduction and capital management are key to FY 2025, with guidance targeting EBITDA growth, lower CapEx, and a stable dividend.