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Spark New Zealand Limited (ASX:SPK)

ALERT: Price-sensitive ASX Announcement for SPK
Current share price for SPK : $1.530 -0.72 (-32%)+
Announcement
Release
11 Sep 2025 7:35AM
Price at Release
$2.250
Full Release
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Summary
Spark New Zealand Limited has unveiled its strategy for FY30, focusing on enhancing core connectivity with significant investment in its mobile and broadband services, particularly through 5G Standalone networks. The company aims to boost its return on invested capital and achieve substantial savings by leveraging AI and automation for improved customer experiences and operational efficiencies. Spark is also committed to sustainability goals, including a major reduction in greenhouse gas emissions. Amidst this strategic shift, Chair Justine Smyth will seek re-election to facilitate a smooth transition in board leadership.
Key Points
  • Spark New Zealand Limited announced its FY30 strategy, focusing on core connectivity, particularly in mobile services.
  • The company aims to increase its return on invested capital (ROIC) to 11-13% by FY30.
  • Spark plans to maintain and expand its market leadership in mobile and broadband services.
  • Investment in 5G Standalone network is a priority, supporting new commercialization opportunities such as network slicing and private networks.
  • The strategy includes leveraging AI and automation to improve customer experiences and operational efficiency.
  • Spark is committed to sustainability, aiming to reduce absolute scope 1 and 2 GHG emissions by 56% by 2030.
  • The company plans to deliver annualized savings of $150m-$180m by FY30.
  • Chair Justine Smyth will stand for re-election to ensure a smooth transition amid significant board renewal.
  • Spark has structured its capital management to focus on stable shareholder returns and maintaining financial strength.
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.