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 has declined -0.4% today, dropping -1.3% for the week. Over the last six months it gained +2.9%. Year-on-year the index has gained +3.6%.
THE MAIN GAINERS
There were 43 gainers in the market. Channel Infrastructure (CHI, #32) topped the gains with a +4% advance, gaining +7% over the last five days. In the last six months Channel has gained +20%, growing to +42% year-on-year. Mainfreight (MFT, #9) went up +2%, declining -10% over the month. Year-on-year Mainfreight’s share price falls -18%. Napier Port Holdings (NPH, #40) gained +2%, declining -5% for the month. Over the last six months it is up +16%, gaining +29% year-on-year. Fletcher Building (FBU, #14) gained +2%, down -7% in the last six months. Year-on-year Fletcher Building is up +6%.
Channel Infrastructure
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THE MAIN DECLINERS
33 stocks were in decline today. EBOS Group (EBO, #7) dropped the most, falling -15%, and a sharper -16% over the last five days. EBOS now drops -5% year-on-year. Oceania Healthcare (OCA, #46) was down -2%, dropping -5% over the last five days. Year-on-year Oceania Healthcare declines by -26%. Summerset Group (SUM, #17) dropped -1%, declining -3% over the last five days. In the last six months Summerset declines -10%, dropping -7% year-on-year. Ryman Healthcare (RYM, #18) was down -1%, gaining +1% in the last five days. Over the last six months Ryman has declined -20%, dropping a hefty -47% year-on-year.
EBOS Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.6% | -1.0% | +1.3% | -0.7% | +1.9% |
| NZ Top 10 ETF (TNZ) | +0.8% | -0.5% | +1.3% | -5.9% | -1.7% |
| S/P NZX50 ETF (NZG) | -0.4% | -1.7% | +1.2% | -2.3% | +0.4% |
| NZ Dividend ETF (DIV) | +0.5% | +0.6% | +10.5% | +6.6% | +6.6% |
KEY ANNOUNCEMENTS
EBOS Group (EBO, #7) reported solid full-year results for FY25, with underlying revenue up +12% to $12.3 bln and underlying EBITDA rising +7.5% to $585 mln. The company generated strong underlying free cash flow of $302 mln, achieving a cash realisation of 109%. Its Healthcare segment performed well despite industry challenges, with growth driven by new customer wins in pharmacy wholesale and contract logistics, as well as acquisitions in Southeast Asia bolstering the Transmedic business. In Animal Care, the branded business continued to expand through new product launches and two strategic acquisitions that strengthened its position in the New Zealand veterinary wholesale market and expanded Australian pet food manufacturing capacity. The results highlight EBOS’ continued leadership across healthcare and animal care sectors.
Meridian Energy (MEL, #2) reported a challenging year for FY25, with operating cash flows falling to $318 mln from $667 mln in FY24 and a net loss after tax of $452 mln, compared with a net profit of $429 mln the previous year. EBITDAF declined to $611 mln from $905 mln, while underlying net profit dropped from $359 mln to $56 mln. The results were heavily impacted by a -23% fall in energy margin, down from $1.276 bln to $982 mln, driven by two severe droughts and $300 mln spent on hedge and demand response contracts to maintain New Zealand’s energy security, including calling the largest demand response option with New Zealand Aluminium Smelters. Despite these challenges, Meridian progressed its strategy by securing five resource consents for new assets, investing $193 mln in generation plant, acquiring two businesses, and undertaking a strategic reset of its retail operations while growing customer connections. CEO Mike Roan highlighted that FY25 was defined by prioritising national energy security, ensuring power supply continuity for homes and businesses, even at significant financial cost.
Precinct Properties Group (PCT, #20) reported results for the year ended 30 June 2025, with FFO from its directly held portfolio up 3.7% to $150.3 million and operating profit rising 1.2% to $152.3 million. Total comprehensive income improved to $3.1 million, with Adjusted FFO at 6.54 cps. Portfolio occupancy reached 97% with a 6.0-year weighted average lease term, and office leasing achieved a 17.2% uplift over previous rents. Key developments included student accommodation projects at 22 Stanley Street, 256 Queen Street, and York House, residential builds at Pillars and Dominion & Valley Roads, and commercial offices with Orams Group. Capital initiatives included the sale of 40 & 44 Bowen Street, InterContinental Auckland hotel, and refinancing maturing debt. ESG performance improved with a GRESB score of 89, and the company declared a fourth-quarter dividend of 1.6875 cps under a new 80–95% FFO payout policy.
NZX50 Healthcare Sector
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