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Spark New Zealand Limited (ASX:SPK)

ALERT: Price-sensitive ASX Announcement for SPK
Current share price for SPK : $1.550 -0.29 (-15.76%)+
Announcement
Release
18 Feb 2026 7:31AM
Price at Release
$1.840
Full Release
download
Summary
In the first half of the fiscal year 2026, Spark New Zealand Limited reported a return to profit growth driven by mobile service revenue, which increased by 1.6% when compared to the first half of fiscal year 2025. The company saw a decrease in adjusted operating revenues and other gains by 1.1%, totaling $1,917 million. Notably, total mobile connections declined by 1.4%. EBITDAI improved by 10.3%, reaching $448 million. Spark reaffirmed its FY26 guidance, projecting an adjusted EBITDAI between $1,010m and $1,070m, with a free cash flow expectation of $290m to $330m. The company maintained its dividend policy at 100% of free cash flow. Furthermore, there was a marked reduction in full-time employees by 20.2% compared to the prior year.
Key Points
  • Spark New Zealand reported a return to profit growth in H1 FY26.
  • Mobile service revenue increased by 1.6% compared to H1 FY25.
  • Adjusted operating revenues and other gains were reported at $1,917 million, a decrease of 1.1% from H1 FY25.
  • Total mobile connections decreased by 1.4% in H1 FY26 compared to the previous year.
  • EBITDAI for H1 FY26 was $448 million, a 10.3% increase from H1 FY25.
  • Spark reaffirmed its FY26 guidance with an expected Adjusted EBITDAI of $1,010m - $1,070m.
  • Free cash flow for H1 FY26 was reported to be between $290m and $330m.
  • Spark's dividend policy remains at 100% of free cash flow.
  • There was a significant decrease in the number of FTEs, down by 20.2% compared to H1 FY25.
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.