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 edged +0.3% higher on Tuesday, lifting its monthly advance to +0.7% and leaving the benchmark up +6.0% year-on-year.
THE MAIN GAINERS
Gains were broad-based, with 46 stocks in positive territory. Kathmandu Brands (KMD, #50) and Serko (SKO, #49) topped the index, each rising +4%. Kathmandu has surged +12% over the past five sessions but remains -44% lower year-on-year, while Serko has climbed +10% in the past month though still down -7% over the year. Scales Corp (SCL, #35) added +3%, extending a six-month rally of +28% and standing +57% higher year-on-year. a2 Milk (ATM, #7) rose +2%, bringing its annual gain to +44%.
Kathmandu
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THE MAIN DECLINERS
On the downside, 37 stocks slipped, though all by just -1%. Vista Group (VGL, #37) eased -1%, leaving it -21% lower over six months but still +11% higher year-on-year. Meridian Energy (MEL, #2) also fell -1%, extending a -3% five-day decline and leaving it -6% lower over the year. Meanwhile, Turners Automotive (TRA, #38) dipped -1% but remains a strong performer, up +58% year-on-year. Investore Property Limited (IPL, #47)
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.1% | +0.9% | +6.9% | +2.0% | +4.4% |
| NZ Top 10 ETF (TNZ) | -0.3% | -0.4% | +3.5% | -7.3% | -2.7% |
| S/P NZX50 ETF (NZG) | +0.3% | 0% | +6.1% | -0.5% | +2.7% |
| NZ Dividend ETF (DIV) | +0.7% | +1.7% | +18.5% | +11.3% | +13.3% |
KEY ANNOUNCEMENTS
Cooks Coffee Company (CCC) lifted systemwide sales at its Esquires cafés in the UK and Ireland by +26.9% in the first half of FY26, far outpacing industry growth. UK sales rose +26.7% and Ireland +27.4%, supported by 13 new store openings, with new sites contributing 36% of revenue. The group hit a record weekly sales high of $1.9mln and now operates 97 stores across both markets.
Scales Corporation (SCL, #35) will take full ownership of Meateor Australia and Fayman International and lift its stake in ANZ Exports to 85% through acquisitions worth AUD 91.05mln, comprising cash, shares, and deferred payments. The deals, completing today, strengthen its Global Proteins division and are expected to lift FY25 underlying net profit guidance to $51–56mln, while raising the FY27 EBITDA target for the unit from $70mln to $85mln. Funded partly from cash reserves, the acquisitions leave Scales forecasting net debt of $57mln at year-end 2025.
Heartland Group Holdings (HGH, #33) has released its Annual Report and Climate Report for the year ended 30 June 2025, alongside the Notice of Meeting for its 2025 Annual General Meeting.
Restaurant Brands New Zealand (RBD) has received a takeover notice from Finaccess Restauración, which intends to acquire all remaining shares it does not already own at NZ$5.05 per share in cash. Finaccess confirmed the offer price will not be increased.
Goodman Property Trust (GMT, #15) has confirmed settlement of its new Highbrook Fund, following earlier announcements in May and September 2025. Chief executive James Spence said the launch marks a key step in establishing a complementary property funds management business and represents the first fund under this strategy
NZX50 Food Sector
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