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Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
South Port New Zealand
South Port New Zealand (SPN) investor relations material
South Port New Zealand AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary27 Oct, 2026
Opening remarks and agenda
38th AGM covered the year ended 30 June 2026; agenda included the annual report, director elections, auditor remuneration and directors’ fees.
67 valid proxies represented 20,765,498 shares, or 79.15% of shares on issue.
Financial performance review
Record after-tax profit was NZD 16.11m, up 21%; normalized NPAT excluding one-offs was NZD 16.14m, up 16.2%.
Revenue rose 14% to NZD 71.8m; cargo volumes increased 11.5% to a record 3.9m tonnes, and container throughput rose 18.5% to 66,000 TEUs.
Tiwai Wharf volumes increased 16.1% to 0.94m tonnes, nearing historical levels.
FY27 Q1 cargo totaled 1.025m tonnes, up 13%; FY27 volumes are expected broadly in line with FY26.
Board and executive committee updates
Philip Cory-Wright retired after 16 years on the board, including three as Chair; Nicola Greer assumed the Chair role after the meeting.
Derek Nind became CEO in July 2026; Nigel Gear completed his CEO term in May after more than 30 years with the business, including 8.5 years as CEO.
People and Performance Committee was established, chaired by Cassandra Crowley; the Health and Safety Panel became a board committee chaired by Jacqui Nelson.
Sam Grant completed his board internship; selection for the next Southland Corporate Governance Intern Programme participant was underway.
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Latest events from South Port New Zealand
- Record revenue, profit, and cargo volumes achieved; outlook stable but cautious for FY27.SPN
H2 2026 - Profit fell on lower cargo volumes and a one-off tax hit, but long-term prospects improved.SPNH2 2024
- Record profit and revenue growth driven by strong cargo volumes and operational efficiency.SPNH1 2026
- Record profits, major infrastructure upgrades, and new growth plans mark a year of transformation.SPNAGM 2025
- Record profit, robust bulk cargo growth, and long-term contract drive strong FY25 outlook.SPNH2 2025
- Net profit surged 89% year-over-year, with full-year earnings set to surpass guidance.SPNH1 2025
Next South Port New Zealand earnings date
H1 202712 Feb, 2027
South Port New Zealand
Next South Port New Zealand earnings date
H1 202712 Feb, 2027
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Frequently asked questions
South Port New Zealand Limited operates the Port of Bluff, located at the southern tip of New Zealand's South Island. The company provides a range of port services, including cargo handling, warehousing, and logistics support, catering to industries such as forestry, agriculture, fishing, and aluminum production. South Port handles various types of cargo, including bulk, breakbulk, and containerized goods, and offers storage and distribution solutions to support regional and international trade. The company is headquartered in Bluff, New Zealand, and its shares are listed on the NZX.