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Spark New Zealand Limited (ASX:SPK)

ALERT: Price-sensitive ASX Announcement for SPK
Current share price for SPK : $1.515 -0.43 (-22.11%)+
Announcement
Release
22 Dec 2025 7:30AM
Price at Release
$1.945
Full Release
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Summary
Spark New Zealand Limited has partnered with Challenger Limited to establish a new receivables financing structure for its interest-free payment plans. This partnership involves selling Spark's existing and future IFP receivables to Challenger, aiming to reduce net debt by approximately $240 million in H1 2026 and optimize working capital. The move supports the growth of IFP as a strategic tool for customer acquisition and retention, enhancing capital efficiency and allowing for reinvestment. Spark will continue to manage customer experience and collect payments directly.
Key Points
  • Spark New Zealand partners with Challenger Limited.
  • New structure for interest-free payment (IFP) plans.
  • Sale of existing IFP receivables to reduce net debt by ~$240 million.
  • Regular sale of future IFP receivables.
  • Enhances capital efficiency and supports mobile business growth.
  • Spark retains control over customer experience and payment collection.
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.