Seven companies reported actual results this week while five issued guidance updates, with mixed sentiment across the MCY guidance upgrade and EBO earnings downgrade standing out. Results were dominated by earnings date announcements rather than actual financial metrics, while electricity generator GNE delivered the week's most substantial performance update with upgraded guidance.
Earnings Results
Genesis Energy Limited (GNE)
Genesis Energy upgraded its FY26 normalised EBITDAF guidance to NZ$515-545 million from NZ$490-520 million, driven by strong hydrology that boosted hydro generation 55% in Q3. The result comes amid reports of the company completing a NZ$400 million capital raise and rights offer to fuel renewable growth. Customer numbers declined 6.6% to 491,532 as the company prioritises margin quality over volume, with electricity netback improving 11.2% to NZ$173/MWh. Shares traded at NZ$2.35, up 4.4% for the week.
Goodman New Zealand (GNZ)
Goodman NZ announced its full-year results for FY2026 will be released on 26 May 2026, with a live webcast presentation scheduled for 10:30am. The property investment company provided no financial data in this preliminary notice, maintaining its BBB credit rating from S&P Global. Shares closed at NZ$1.90, down 0.5% for the week.
Air New Zealand Limited (AIR)
Air New Zealand announced CFO Richard Thomson will resign on 28 August 2026, after overseeing the airline's recapitalisation and post-Covid recovery since joining in March 2021. The announcement follows news of the airline revealing launch dates and pricing for economy class bunk beds. A search for Thomson's replacement has already commenced. Shares gained 1.1% to NZ$0.445.
Scales Corporation Limited (SCL)
Scales Corporation clarified that its 50% joint venture Esro Pet Food is not subject to a Dutch food safety investigation into partner Esro Food Group. The company emphasised that Esro Pet Food operates as a separate legal entity selling exclusively to pet food markets from separate premises. This follows analyst revenue estimates surging higher for the agribusiness company. Shares rose 1.5% to NZ$6.01.
Oceania Healthcare Limited (OCA)
Oceania Healthcare scheduled its full-year results release for 22 May 2026, with CEO Suzanne Dvorak and CFO Kathryn Waugh hosting an investor webcast. The healthcare operator provided no financial guidance ahead of the results announcement. Shares gained 1.4% to NZ$0.73.
NZX Limited (NZX)
NZX Limited's 2026 Annual Shareholders' Meeting saw all three resolutions pass with overwhelming support, including the re-election of directors Dame Paula Rebstock and Rachel Walsh. This follows news of Trading Technologies partnering with NZX and Morgan Stanley's accreditation as a derivatives participant. Shares edged up 0.7% to NZ$1.40.
NZME Limited (NZM)
NZME's annual meeting passed three of four resolutions, with board-appointed directors Bowen Pan and Kate Parsons elected with near-unanimous support while shareholder-nominated Benedict Ong was rejected by 98.15% of votes. The media company's shares were unchanged at NZ$1.09.
Trading Updates & Guidance
Mercury NZ Limited (MCY)
Mercury upgraded its FY2026 EBITDAF guidance to NZ$1.05 billion from NZ$1.0 billion, citing disciplined portfolio management and higher forecast renewable generation from hydro and new generation assets. The electricity generator's shares advanced 2.6% to NZ$6.72.
EBOS Group Limited (EBO)
EBOS lowered its FY26 underlying EBITDA guidance to NZ$610-620 million from NZ$615-635 million due to elevated fuel and energy costs exceeding previous assumptions. The healthcare distributor estimates a NZ$5-10 million impact that cannot be fully passed through to customers due to service continuity requirements. Shares fell 3.2% to NZ$21.45.
Heartland Group Holdings Limited (HGH)
Heartland confirmed it remains on track to deliver underlying ROE of at least 7% and underlying NPAT of at least NZ$85 million for FY2026, with improvements in net interest margins and cost-to-income ratios across its banking operations. Shares dipped 0.4% to NZ$1.135.
Cooks Coffee Company Limited (CCC)
Cooks Coffee reported strong trading growth with Group store sales increasing 22.8% to NZ$95.8 million for FY26, while the store network expanded to 118 locations across the UK, Ireland and international markets. This follows news of the company's Esquires brand winning Irish Franchise Association Awards. Shares declined 2.3% to NZ$0.215.
Weekly Price Movers
Notable Shareholder Movements
JP Morgan increased its stake in ATM from 4.59% to 5.10%, while multiple fund managers adjusted positions in the infant formula company. Challenger Limited also lifted its holding from 4.94% to 5.07%, and Paradice Investment Management disclosed a 5.42% stake. Meanwhile, ACC reduced its position in NZX from 6.76% to 5.65%.
The week's activity reflected a relatively quiet period for substantive earnings data, with most companies providing procedural updates or forward-looking announcements rather than detailed financial results. Attention will likely shift to the upcoming May reporting season as companies prepare full-year results for the March 2026 year-end.