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Spark New Zealand (SPK) investor relations material
Spark New Zealand AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Chair welcomed shareholders, confirmed quorum, introduced Board and executive team, and outlined meeting structure including resolutions and Q&A sessions.
Financial performance review
FY2025 adjusted revenue declined 4.2% to NZD 3,700 million; reported revenue was NZD 3,725 million, down 2.5%.
Adjusted EBITDA/EBITDAI fell 8.9% to NZD 1,060 million; net profit after tax dropped 33.6% to NZD 227 million.
Free cash flow remained flat at NZD 330 million; CapEx reduced by 17.2% to NZD 429 million.
Return on Invested Capital was 8.7%, outperforming most global peers.
FY26 guidance: adjusted EBITDA/EBITDAI NZD 1,010–1,080 million, CapEx NZD 380–410 million, free cash flow NZD 290–330 million, 100% payout ratio.
Board and executive committee updates
Board renewal brought in Lindsay Wright, Vince Hawksworth, and Tarek Robbiati, adding sector, governance, and capital markets expertise.
Chair succession process underway; current Chair to serve up to 12 more months for transition.
Directors and executive directors offered themselves for re-election, with backgrounds and expertise detailed.
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