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 is up +0.3% which now takes its five-day gain to +0.7%. The index gained +1.3% over the past month, +2.6% over the last six months and +8.3% year-on-year, with 52 companies in the green, and 32 companies in the red zone.
THE MAIN GAINERS
Scales Corporation (SCL, #32) led the market higher, jumping +6% to extend its five-day gain to +7%, while remaining +9% higher over the past month, +14% over six months and +47% year-on-year. Napier Port Holdings (NPH, #36) rose +4%, taking its five-day gain to +2%, while sitting +1% higher over the past month, -1% lower over six months and +23% higher year-on-year. Skellerup Holdings (SKL, #26) gained +3%, adding to its +2% five-day increase and taking its gains to +11% over one month, +29% over six months and +49% year-on-year. Vulcan Steel (VSL, #31) increased +2%, while sitting +1% higher over five days but remaining -1% lower over the past month, -16% lower over six months and -12% year-on-year.
Scales Corp
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THE MAIN DECLINERS
Air New Zealand (AIR, #24) led the decliners, falling -2% and taking its five-day decline to -1%, while remaining -6% lower over the past month, -28% over six months and -30% year-on-year. Sky Network Television (SKT, #46) also dropped -2%, despite being +1% higher over both five days and one month and +8% higher year-on-year. Meridian Energy (MEL, #3) declined -2%, taking its five-day loss to -1% and one-month decline to -4%, although it remained +2% higher year-on-year. Port of Tauranga (POT, #9) slipped -1%, extending its five-day and one-month declines to -2%, while remaining +3% higher over six months and +18% year-on-year.
Air New Zealand
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.4% | -1.0% | -2.5% | +2.2% |
| NZ Top 10 ETF (TNZ) | +0.4% | +1.1% | +3.4% | +5.9% | +7.6% |
| S/P NZX50 ETF (NZG) | +0.3% | +0.2% | +1.4% | +2.2% | +5.4% |
| NZ Dividend ETF (DIV) | +0.1% | -0.2% | -1.9% | -2.6% | +2.9% |
KEY ANNOUNCEMENTS
Kiwi Property Group (KPG, #21) advised it will pay a first-quarter dividend of 1.4375 cents per share on the 18th of September. The dividend will include imputation credits of 0.428642 cents per share, while eligible non-resident shareholders will receive a supplementary dividend of 0.194510 cents per share.
Scales Corporation (SCL, #32) delivered a record first-half result for 2026, with revenue more than doubling to $762.1 mln, underlying EBITDA rising +18% to $102.2 mln and underlying NPAT attributable to shareholders increasing +7% to $52.0 mln. The result was supported by strong performances across Global Proteins, Horticulture and Logistics, while the company lifted its FY26 underlying NPAT attributable to shareholders guidance to between $55 mln and $60 mln.
Meridian Energy (MEL, #3) delivered a strong FY26 result, with operating cash flow rising to $810 mln from $318 mln and EBITDAF increasing to $1.05 bln from $611 mln. The company returned to a $130 mln net profit after tax, compared with a $452 mln loss in FY25, while underlying net profit increased to $308 mln from $56 mln as energy margins rose to $1.47 bln. Meridian also lifted its total ordinary dividend by +7.1% to 22.5 cents per share and continued to expand its renewable generation pipeline, with major solar and wind projects under construction or progressing through consenting.
Scott Technology outlined plans to accelerate global growth of its BladeStop safety technology as part of its Protein Domain strategy under Destination 2030, targeting NZ$165 mln in annual Protein revenue by FY30, up from NZ$69.4 mln in FY25. The company has signed a distribution agreement with AERSA to expand BladeStop into Mexico's food and protein-processing sector, while targeting further growth through new geographies, vertical markets and increased recurring revenue from service, parts and software. Scott said BladeStop Connect and its Lifecycle Services offering would support improved profitability as the installed base expands. The Protein target forms part of the broader Destination 2030 goal of NZ$530 mln in annual Group revenue and a 14% EBITDA margin by FY30, with Scott forecasting FY26 revenue of NZ$290-296 mln and operating EBITDA of NZ$34-36 mln.
Winton Land reported a +21.5% year-on-year increase in FY26 revenue to $188.8 mln, with EBITDA more than doubling to $45.6 mln and net profit after tax rising +119.6% to $22.7 mln. The result was supported by higher residential settlements, with 430 units settling during the year, alongside a full year of trading across the Ayrburn venues and the opening of Bravo at Cracker Bay. Winton ended FY26 with a $27.4 mln pre-sale book, a landbank yield of around 5,400 units and cash holdings of $38.8 mln, while borrowings fell to $44.2 mln from $99.4 mln. The company said it remained cautiously positive on an improvement in trading conditions, while focusing on converting its landbank into settlements and progressing major projects including Sunfield and the Ayrburn Screen Hub. Dividends remain paused as the company maintains financial discipline amid ongoing market uncertainty.
NZX50 Property Sector
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