Channel Infrastructure NZ Limited Ordinary Shares
CHI.NZXEnergy
Channel Infrastructure is New Zealand’s leading independent fuel infrastructure company, based at Marsden Point, in Northland. Channel Infrastructure primarily acts as an import terminal for the fuel needed to power New Zealand’s economy. On behalf of its customers, the company receives, stores, tests and distributes transport fuels safely, reliably, and efficiently to the Northland and Auckland markets.
Market Data
$3.260
-0.0%$1.4B
113.6x
$0.029
3.98%
+0.5%
Latest Earnings
2026 ASM Voting Results
6 May 2026
Channel Infrastructure NZ Limited held its 2026 Annual Shareholders Meeting on 6 May 2026, with a single resolution voted on. Shareholders overwhelmingly approved (99.84%) the authorisation for Directors to fix the fees and expenses of Ernst & Young as auditors for the financial year ending 31 December 2026. This is a routine governance announcement with no financial results or earnings data disclosed. Key points: Single resolution passed with 99.84% approval — strong shareholder support for auditor fee authorisation; Ernst & Young reappointed as auditors for FY2026 with minimal opposition (0.16% against); 414,389,163 shares on issue as at meeting commencement
Recent Announcements
Q2 2026 Operational Update
Channel Infrastructure NZ Limited reported Q2 2026 operational results showing total fuel throughput of 802 million litres, a 2% decrease from Q2 2025 due to elevated fuel prices and a planned pipeline upgrade, though year-to-date volumes remain aligned with expectations; the company completed infrastructure projects including 93 million litres of government diesel storage and Z Energy jet storage (6 months ahead of schedule, generating $5.5 million annual revenue), with net borrowings at $346 million.
Next steps on the redevelopment of the Marsden Point Energy
Channel Infrastructure NZ Limited has sold a decommissioned CCR Platformer unit to Integrate Scope DMCC for US$5.95 million to enable redevelopment of the Marsden Point Energy Precinct. The Marsden Point Biorefinery project consortium (led by Seadra Energy and including Qantas, Air New Zealand, ANZ NZ, and others) has expanded scope to include fertiliser production, with Ballance Agri-Nutrients forming an alliance, and will now proceed to the early contractor involvement phase targeting a final investment decision.
Channel marks the opening of new storage at Marsden Point
Channel Infrastructure NZ Limited opened 120 million litres of new fuels storage at Marsden Point, including 93 million litres of Government Diesel storage and 30 million litres of jet fuel storage for Z Energy, completed in nine weeks with total company infrastructure investment exceeding $165 million. The company now operates over 400 million litres of tank capacity with plans for an ambitious Energy Precinct development targeting 20,000 construction jobs in Northland.
HY26 Results Date and Audio Conference Details
Channel Infrastructure NZ Limited (NZX:CHI, ASX:CHI) announced it will release its HY26 financial results on Friday 28 August 2026, with a presentation by CEO Rob Buchanan and CFO Alexa Preston at 10:30am NZT; dial-in and pre-registration details for the audio conference were provided.
CHI presentation to Rapid Insights Conference
Channel Infrastructure Limited (CHI) presented its investment proposition at the Rapid Insights Conference, highlighting Q1 2026 fuel throughput in-line with expectations (diesel 276m litres, petrol 251m litres, jet 404m litres) and raised FY26 EBITDA guidance to $97-105 million, driven by new government diesel storage contract and accelerated Z Energy jet storage project completion.
New Zealand Government diesel storage project update
Channel Infrastructure NZ Limited has made 93 million litres of diesel storage capacity available for the New Zealand Government at Marsden Point Energy Precinct, completed in nine weeks with 750+ meters of new pipework, providing nine additional days of diesel demand coverage for the country.
ASX Appendix 3G (2026 Share Rights)
Channel Infrastructure NZ Limited issued 613,993 unquoted share rights (CHIAA) on 15 May 2026 under an employee incentive scheme, with key management personnel including Alexa Preston (440,616 rights), Rob Buchanan (116,523 rights), and others receiving allocations subject to transfer restrictions.
CCN - CFO Share Rights
Channel Infrastructure NZ Limited (CHI) issued 390,900 unquoted share rights (14.182% of the class) to Chief Financial Officer Alexa Preston on 15 May 2026 as a one-off Competitive Advantage Award with nil cash consideration, vesting by 31 December 2029 subject to achievement of designated Marsden Point and strategic acquisition/development projects, continued employment, and safety/environmental conditions.
CCN - Management share rights
Channel Infrastructure NZ Limited issued 223,093 unquoted share rights to eligible employees on 15 May 2026, representing 8.807% of the total class. The share rights convert 1:1 into fully paid ordinary shares subject to workplace safety conditions, employment continuation, and performance metrics based on total shareholder return relative to the NZX50, with vesting scheduled for 21 trading days after the 2028 financial results.
2026 ASM Voting Results
Channel Infrastructure NZ Limited held its 2026 Annual Shareholders Meeting on 6 May 2026, with a single resolution voted on. Shareholders overwhelmingly approved (99.84%) the authorisation for Directors to fix the fees and expenses of Ernst & Young as auditors for the financial year ending 31 December 2026. This is a routine governance announcement with no financial results or earnings data disclosed. Key points: Single resolution passed with 99.84% approval — strong shareholder support for auditor fee authorisation; Ernst & Young reappointed as auditors for FY2026 with minimal opposition (0.16% against); 414,389,163 shares on issue as at meeting commencement
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