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Channel Infrastructure NZ Limited (ASX:CHI)

ALERT: Price-sensitive ASX Announcement for CHI
Current share price for CHI : $2.800 0.35 (14.29%)+
Announcement
Release
6 May 2026 8:07AM
Price at Release
$2.450
Full Release
download
Summary
The 2026 Annual Shareholders’ Meeting of Channel Infrastructure NZ Limited highlighted several significant developments including the completion of a 93 million litre diesel storage for the New Zealand Government, which is set to finish by May 31, 2026, and the early commissioning of the Z Energy jet tank scheduled for July 2026, ahead of its original timeline. The company projects revenue of $57 million from the Higgins bitumen import terminal project over a 15-year contract. The Board has increased EBITDA guidance to $97 million to $105 million for the 2026 financial year, reflecting strong performance and strategic growth initiatives. Additional revenue is expected from early project completions and expanded infrastructure capabilities, enhancing New Zealand’s fuel supply resilience.
Key Points
  • Completion of 93 million litre diesel storage for NZ Government by May 31, 2026.
  • Early commissioning of Z Energy jet tank in July 2026, six months ahead of schedule.
  • Projected revenue of $57 million from Higgins bitumen import terminal over 15 years.
  • Increased EBITDA guidance to $97-$105 million for 2026 financial year.
  • Expansion of infrastructure enhances New Zealand's fuel supply resilience.
  • Strategic growth initiatives and early project completions contribute to revenue.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.