Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.
WHAT THE NZX 50 INDEX IS DOING
The NZX50 gained +0.5%, up +1.2% for the month. Since the start of the year the index had declined by -1.8%, but was up +2.0% year-on-year.
THE MAIN GAINERS
Gains came from 54 companies, led by Gentrack (GTK, #27) which rose +3%. Gentrack was down -6% over five days, -21% for the month, and -8% year-on-year. Turners Automotive (TRA, #39) added +2%, down -1% over five days, but up +59% year-on-year. Kathmandu Brands (KMD, #49) climbed +2%, down -6% for the month and -47% year-on-year. Sky Network (SKT, #47) also rose +2%, up +17% over six months and +7% year-on-year.
THE MAIN DECLINERS
Declines came from 22 stocks, with Spark (SPK, #10) down -2%, off -13% over six months and -43% year-on-year. Hallenstein Glassons (HLG, #42) slipped -1%, down -3% over five days, -4% over six months but up +40% year-on-year. Vista Group (VGL, #33) fell -1%, down -7% over five days and for the month, but up +4% year-on-year. Tourism Holdings (THL, #45) was also off -1%, down -2% over five days, but up +13% over six months and +4% year-on-year.
SMARTSHARES EFTs
| |
1-day |
5-day |
6-month |
YTD |
1Y |
| NZ Top 50 ETF (FNZ) |
+0.8% |
-0.3% |
-2.7% |
-1.5% |
-0.5% |
| NZ Top 10 ETF (TNZ) |
-0.1% |
-0.5% |
-5.2% |
-7.4% |
-3.8% |
| S/P NZX50 ETF (NZG) |
+0.4% |
-0.5% |
-2.7% |
-3.1% |
-0.4% |
| NZ Dividend ETF (DIV) |
+0.4% |
+0.3% |
+1.4% |
+3.1% |
+4.0% |
KEY ANNOUNCEMENTS
Vista Group International (VGL, #33) reported a strong first-half performance for the six months ended 30 June 2025, with revenue up +11% to $77mln, driven by increased adoption of Vista Cloud and improved operating leverage. Recurring revenue rose +11% to $70.4mln, while SaaS revenue climbed +24% to $31.6mln. ARR lifted +13% year-on-year to $145.8mln. EBITDA jumped +39% to $10mln, lifting the margin to 13% from 10% a year ago. The company recorded a $1.3mln pre-tax loss, a 64% improvement on last year, and posted its second consecutive half-year of positive free cash flow. Client wins included Odeon Cinemas Group and Village Cinemas Australia, with key go-lives expected in the second half. Embedded Payments is set to launch with select clients later this year, targeting $15mln ARR at full deployment. Vista reaffirmed its full-year guidance of $167mln revenue and a 16–18% EBITDA margin, upgrading its long-term 100% Platform ARR target to $315mln with a 33–37% margin.
Westpac reported an unaudited statutory net profit of $1.9b for the third quarter of FY25, up +14% on the 1H25 average, with net profit excluding notable items also up +8% to $1.9b. The CET1 capital ratio was 12.3%, above the 11.0–11.5% target range. Excluding notable items, revenue rose +4% and expenses increased +3%, lifting pre-provision profit 6%. Net interest income grew 4% as the NIM improved to 1.99%, driven by higher core NIM and stronger Treasury and Markets contributions. Customer deposits grew by $10b and loans by $16b, including +5% growth in business lending. Non-interest income increased 6% on stronger Markets revenue. Credit quality improved, with impairment charges at just 5bps of average gross loans. The bank has completed 71% of its $3.5b on-market share buyback and remains well above regulatory funding and liquidity minimums.
Ventia Services Group posted an +11.9% lift in NPATA to $119.4mln for the six months to 30 June 2025, with EBITDA up +2.8% to $252.6mln, expanding the margin to 8.3%. Revenue dipped -1.5% to $3.0b, but work in hand hit a record $20.6b, up +19.4% year-on-year, underpinned by $4.3b in contract wins, largely in telecommunications. The company upgraded FY25 underlying NPATA growth guidance to 10–12% on FY24 and increased its on-market buyback by $50mln to $150mln. An interim dividend of 10.71cps, franked at 90%, was declared, while operating cash flow conversion improved to 93.2%. CEO Dean Banks said the focus on higher-margin work, strong contract renewal rates of 95%, and strategic partnerships position Ventia for sustained growth.
Investore Property (IPL, #46) will hold its Annual Shareholder Meeting on Monday the 15th of September.
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