NZME (NZM) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, outlined hybrid meeting format, and encouraged questions both in-person and online.

• Chair and CEO addresses opened the meeting, followed by ordinary resolutions and general business.

• Agenda included financial performance review, board elections, voting on four resolutions, and general business Q&A.

Financial performance review

• Statutory NPAT for 2025 was NZD 13.1 million, reversing a NZD 16 million loss in 2024.

• Operating EBITDA rose 15% year-on-year to NZD 62.3 million, with normalized revenue up 1% after adjusting for community publication closures.

• Operating revenue was NZD 345.1 million, slightly down from NZD 350.2 million in 2024 due to closure of community publications.

• Free cash flow improved to NZD 25.4 million, and net debt reduced to NZD 15.15 million.

• Digital subscription revenue grew 3%, with digital subscribers now 86% of the base.

Board and executive committee updates

• New directors Bowen Pan and Kate Parsons introduced, with Carol Campbell retiring and Kate set to chair audit and risk.

• Board includes Steven Joyce (Chair), Carol Campbell, Jim Grenon, Guy Horrocks, Kate Parsons, Sussan Turner, and Bowen Pan.

• Board changes brought renewed energy and complementary skills.

• Executive team led by CEO Michael Boggs, with key roles in information, commercial, finance, content, publishing, audio, and people.

• Executive team updates included a new CFO and strengthened leadership in key business units.