Millennium & Copthorne Hotels New Zealand (MCK) AGM 2026 summary

Opening remarks and agenda

• Meeting included Chair and Managing Director's addresses, director elections, auditor remuneration approval, and general business.

Financial performance review

• Total revenue reached $186.7m, up 6.0% year-on-year, with NZ hotel revenue up 19.5%.

• Earnings per share fell 25.6% to 12.78 cents; group profit before tax declined 29.8% to $33.0m.

• Net tangible assets per share increased to $3.58 (book value) and $5.24 (market value).

• Positive cash position of $24.2m as of year-end, with net assets growing by $20m.

Board and executive committee updates

• Hani Daher appointed Vice President Operations in November 2025, bringing over 20 years of international hospitality experience.

• Board recommended shareholders vote in favor of all resolutions.