Spark New Zealand (SPK) AGM 2026 summary

Opening remarks and agenda

• Vince Hawksworth opened his first AGM as Chair, confirmed a quorum, and outlined the Chair and CEO presentations, auditor remuneration resolution, voting and Q&A.

• In-person and virtual shareholders could vote and submit questions; Justine Smyth was thanked for 15 years on the board, including seven as Chair.

Financial performance review

• FY26 adjusted revenue was $3.7bn, flat YoY; reported revenue was $3,949m, up 6.0%.

• Adjusted EBITDAI was $1,035m, down 2.4%, and adjusted NPAT was $225m, down 0.9%; reported EBITDAI was $1,295m, up 23.0%, and reported NPAT was $499m, up 91.9%.

• BAU capex was $401m, flat YoY; free cash flow rose 18.5% to $308m.

• The 75% data center interest sale generated $462m net proceeds and returned net debt to target; adjusted revenue reflected five fewer months of data center earnings.

Board and executive committee updates

• Vince Hawksworth became Chair after joining the board a year earlier; the board acknowledged outgoing Chair Justine Smyth’s service.

• Board priorities include effective oversight, supporting and challenging management, disciplined shareholder-focused decisions, and realizing SPK-30 opportunities.

• Hawksworth expressed full confidence in CEO Jolie Hodson and looked forward to working with her to deliver SPK-30.

• Leadership and organizational changes refocused operations on core connectivity and reduced labour costs; employee engagement rose 11 percentage points.