NZX companies delivered 11 actual earnings results this week, with major bank ANZ leading proceedings alongside retail chain HLG and electronics specialist RAK. One guidance update came from casino operator SKC, which cut its FY26 earnings outlook. Overall sentiment was positive, with companies generally showing improved profitability despite mixed revenue trends.
Earnings Results
ANZ Group Holdings Limited
ANZ reported solid half-year results for the six months ended March 31, with cash profit rising 6% to $3.78 billion. Revenue of $11.08 billion was down 1% year-on-year, but the bank maintained cost discipline with operating expenses falling 4%. Net profit after tax reached $3.78 billion, up 6% from the prior corresponding period. The bank declared an interim dividend of 83 cents per share, unchanged from the previous interim payment. Shares currently trade at $44.05, down 1.2% for the week. The result comes amid reports that ANZ resumed trading on the NZX after a temporary halt related to the earnings announcement.
Hallenstein Glasson Holdings Limited
HLG delivered strong growth in its first half, with total group sales of $275.2 million up 14.6% year-on-year. The apparel retailer's profit performance was even stronger, with net profit after tax rising 32.1% to $28.0 million. Earnings per share reached 47 cents, while the board declared an interim dividend of 29 cents per share, up from 24.5 cents previously. Gross margins improved to 60.9% from 58.5% in the prior period, despite foreign exchange headwinds. Shares are trading at $9.86, down 1.1% for the week.
Santana Minerals Limited
SMI reported on its third quarter activities, dominated by pre-production milestones for the Bendigo-Ophir Gold Project. The company completed a A$130 million two-tranche placement plus A$4.1 million share purchase plan, ending the quarter with A$187.7 million in cash. This provides approximately 13 quarters of funding ahead of predominantly debt-funded development. The FTA consent decision date has been confirmed for October 29, 2026, providing a clear regulatory timeline. Shares have fallen 13.8% this week to 68.5 cents, following completion of the capital raise.
Rakon Limited
RAK returned to profitability in FY26 with net profit after tax of $3.1 million, compared to a $5.8 million loss in FY25. Revenue grew 24% to $128.8 million, while underlying EBITDA more than doubled to $20.3 million. The results are unaudited and come amid an ongoing takeover offer from US-based Bourns Inc. at $1.55 per share. This follows news that Bourns has received 85% acceptance for its $356 million takeover bid. Shares are trading at $1.545, up 1.6% for the week.
TruScreen Group Limited
TRU confirmed it achieved FY26 guidance with total revenue of approximately $2.8 million, up 29% year-on-year. Product sales revenue grew 41% to $2.4 million, slightly exceeding prior guidance. However, the medical device company reported a net loss of approximately $2.2 million, similar to FY25, as it continues investing in market expansion. The company has submitted three UNITAID funding applications worth up to US$57.3 million over three years. Shares have gained 12.5% this week to 1.8 cents.
Manuka Resources Limited
MKR reported on its March quarter activities, marking a pivotal pre-production period with formal exit from care and maintenance on March 9. The company secured a US$30 million senior debt facility from Nebari Natural Resources, with US$26 million drawn during the quarter. First silver production at its Wonawinta project remains on track for late Q2 2026. The quarter ended with a cash balance of A$9.97 million. Shares have declined 11.7% this week to 10.6 cents.
Other Results
Several smaller companies also reported quarterly activities. TCM completed a $7.9 million capital raise and achieved NZX Main Board compliance listing, while MEX reported encouraging gold exploration results at its New Zealand projects. NTL successfully raised $1.3 million via a rights offer to support its strategic plan across five mining targets.
Trading Updates & Guidance
SkyCity Entertainment Group Limited
SKC lowered its FY26 guidance, now expecting underlying EBITDA of $180-190 million, down from the previous range of $190-210 million. The casino operator cited macroeconomic headwinds affecting consumer spending, particularly impacting its Auckland and Adelaide precincts since March. The company is pursuing asset monetisation, having entered non-binding agreements to sell office and hotel properties. Shares are down 4.6% this week to 62.5 cents.
Weekly Price Movers
Notable Shareholder Movements
The week saw significant shareholder activity, with Bourns Inc. increasing its stake in RAK from 87.6% to 93.1% as its takeover offer progresses. Meanwhile, institutional investors trimmed positions in KMD, with both ACC and FirstCape Group reducing their holdings below 10%. Macquarie Group ceased to be a substantial holder in VNT, while Logan Investment Trust disclosed a 10% stake in healthcare provider TAH.
Looking ahead, the NZX reporting season continues to gather pace, with several major companies yet to report their interim or full-year results. The mixed sentiment this week - with strong profit growth at some companies offset by revenue headwinds and guidance downgrades elsewhere - reflects the challenging operating environment facing New Zealand businesses amid macroeconomic uncertainty.