NZSA Disclaimer $17,878[1]. That is the current value of the NZ Super Fund (NZSF) attributable to every person in New Zealand, a staggering $95.9 billion. In only 25 years, the Fund has demonstrated the value of a long-term approach to national saving. But the Fund was created to smooth the rising cost of NZ Super…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. His KiwiSaver has been with Milford Asset Management’s active growth fund since 2014. He’s been a customer of Westpac NZ for decades and ASB since 2016, while Curious Media banks with BNZ. It’s…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. His KiwiSaver has been with Milford Asset Management’s active growth fund since 2014. He’s been a customer of Westpac NZ for decades and ASB since 2016, while Curious Media banks with BNZ. The…
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Annual Meeting Report, August 7th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Operating Revenue $9.3m 9.0m $10.1m $10.4m $10.5m 1% Change in Investments -$20m -$23.7m $16.7m $37.8m -$18.9m n/a NPAT -$17.3m -$19.5m $19.9m $40.8m -$13.6m n/a Mkt Capitalisation $517m $432.6m $422.4m $456m $432m -5% Mgmt Fee…
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Annual Meeting Report, August 5th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Revenue $0.7m $1.4m $4.1m $7.7m $13.7m 77% Gross Profit $0.2m $0.7m $2.9m $5.3m $9.4m 79% NPAT -$4.3m -$6.9m -$5.4m -9.2m -$17.8m n/a Gross Profit Margin 26% 49% 71% 68% 69% 1% EPS1 -$0.123 -$0.195…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. He has been a member of the NZ Shareholders’ Association since February 2024. Curious News supplies the NZ Shareholders’ Association with a weekly column. The Financial Markets Authority was forged in fire. In…
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NZSA Disclaimer We wrote recently about the changes we wanted to see at New Zealand’s financial regulator. We supported new leadership with the capability to drive cultural transformation at the FMA and bolster market confidence. Last week, we learned about the appointment of both James Miller (Chair) and Trevor Janes to the FMA Board. NZ…
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Annual Meeting Report, July 30th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 (re-stated) 2025 2026 Change Revenue $231.1m $247.2m $265.5m $260.6m $267.1m 3% NPAT $61.1m $15.4m $31.5m $30.4m $0.1m n/a EPS $0.086 $0.022 $0.043 $0.042 $0.00 n/a Fair value gain/loss $63.5m $21.4m $60.8m $90.2m $32.8m -64% PE Ratio 12…
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Annual Meeting Report, 31 July 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Revenue $130.3m $156.6m $195.4m $208.0m $255m 22% NPAT1 $19.8m $10.6m $15.6m $11.4m $14.1m 24% EPS $0.19 $0.102 $0.149 $0.109 $0.134 24% Inventory Turnover 2.04 2.20 2.34 2.38 2.35 -1% Gross Margin 47% 47% 45%…
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Annual Meeting Report, July 30th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Revenue $5,218m $5,675m $4,717m $5,236m $5,384m 3% NPAT $355.4m $426.5m $208.7m $274.3m $251m -9% EPS $3.53 $4.24 $2.07 $2.72 $2.49 -9% PE Ratio 20 17 34 26 25 Capitalisation $7.9b $7.1b $7.0b $7.1b $6.3b…
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