Millennium & Copthorne Hotels NZ Limited Ordinary Shares
MCK.NZXConsumer Discretionary
Millennium & Copthorne Hotels New Zealand Limited is currently the only hotel owner / operator listed on the NZSX. It currently has 19 hotels across New Zealand trading under the Millennium / Grand Millennium / M Social, Copthorne and Kingsgate brands. MCK developed into its current form in 1992 when it became a subsidiary of the Millennium & Copthorne Group (then known as CDL Hotels International). Over the ensuing three decades, it has maintained its position as one of the largest hotel owner / operators in New Zealand. MCK has a majority stake in NZX-listed CDL Investments New Zealand Limited (NZX:CDI) and also has property interests in Australia.
Market Data
$3.350
0.0%$353.4M
17.5x
$0.192
1.24%
+0.2%
Latest Earnings
MCK 2026 ASM results announcement
26 May 2026
MCK (Millennium & Copthorne Hotels New Zealand) held its Annual Shareholders Meeting on 26 May 2026, where all four ordinary resolutions were passed with strong shareholder support. Three directors — Graham McKenzie, Eik Sheng Kwek, and Stuart Harrison — were re-elected with approximately 97.9-97.96% votes in favour, and the Board was authorised to fix auditor fees with 99.86% support. This announcement contains no financial results or earnings data. Key points: All four ordinary resolutions passed with strong shareholder support; Graham McKenzie re-elected as director with 97.96% of votes in favour; Eik Sheng Kwek re-elected as director with 97.90% of votes in favour
Recent Announcements
MCK 2026 ASM results announcement
MCK (Millennium & Copthorne Hotels New Zealand) held its Annual Shareholders Meeting on 26 May 2026, where all four ordinary resolutions were passed with strong shareholder support. Three directors — Graham McKenzie, Eik Sheng Kwek, and Stuart Harrison — were re-elected with approximately 97.9-97.96% votes in favour, and the Board was authorised to fix auditor fees with 99.86% support. This announcement contains no financial results or earnings data. Key points: All four ordinary resolutions passed with strong shareholder support; Graham McKenzie re-elected as director with 97.96% of votes in favour; Eik Sheng Kwek re-elected as director with 97.90% of votes in favour
MCK 2026 ASM Presentation & remarks by Chair and MD
Millennium & Copthorne Hotels New Zealand (MCK) held its 2026 Annual Shareholder Meeting, with the Chairman and Managing Director presenting 2025 results and 2026 outlook. The company reported strong 2025 performance with hotel revenue growing 19.5% to $130.9 million and total revenue up 6% to $186.7 million, while maintaining a strong balance sheet with $800.5 million in total assets and minimal bank debt.
MCK 2026 ASM Notice of Meeting and Proxy Form
Millennium & Copthorne Hotels New Zealand Limited has issued a Notice of Annual Meeting scheduled for 26 May 2026, requesting shareholder votes on the re-election of three directors (Graham McKenzie, Eik Sheng Kwek, and Stuart Harrison) and authorization for the Board to fix auditor fees for KPMG.
MCK 2025 Annual Report
Millennium & Copthorne Hotels New Zealand (MCK) delivered its highest revenue in five years at NZD 186.7m, up 6% year-on-year, driven by strong Hotels momentum with hotel revenue growing 19.5% to NZD 130.9m. Operating profit declined 28% to NZD 30.6m due to cyclical headwinds in the residential property division (CDI), while profit after tax attributable to MCK shareholders recovered strongly to NZD 20.2m (vs NZD 2.8m in 2024, which was impacted by a one-off NZD 25.8m non-cash deferred tax charge). The company declared a fully imputed dividend of 3 cents per share and expressed cautious optimism for 2026, with the Hotels business expected to continue its upward trajectory. Key points: Revenue reached a five-year high of NZD 186.7m, up 6% yoy, driven by strong Hotels business momentum; Hotel revenue grew 19.5% yoy to NZD 130.9m, supported by increased international traveller demand and emerging corporate/domestic market recovery; Acquisition of The Mayfair Hotel in Christchurch (January 2025) performed above expectations, boosting revenues and profit
MCK 2026 Annual Meeting of Shareholders - date and location
Millennium & Copthorne Hotels New Zealand Limited announced that its 2026 Annual Meeting of Shareholders will be held on 26 May 2026 at M Social Auckland, with director nominations open until 17 April 2026.
MCK FY25 RESULTS FOR THE 12 MONTHS ENDED 31 DECEMBER 2025
MCK delivered its highest revenue in 5 years at $186.7m (+6.0% yoy), driven by strong hotel business momentum with inclusion of The Mayfair acquisition and increased room capacity post-refurbishments. Operating profit declined 28% to $30.6m due to softer property market conditions at subsidiary CDL, while profit after tax attributable to shareholders increased significantly to $20.2m (vs $2.8m in 2024, adjusted for one-off tax impact). The company maintained its 3 cent fully imputed dividend and expressed cautious optimism for 2026. Key points: Revenue reached 5-year high of $186.7m (+6% yoy) driven by strong hotel performance; Hotel revenue grew 19.5% to $130.9m with increased room capacity and The Mayfair acquisition contributing; Strategic acquisition of The Mayfair Hotel in Christchurch performing above expectations
SPH Notice - Accident Compensation Corporation (ACC)
Accident Compensation Corporation (ACC) disclosed becoming a substantial shareholder in Millennium & Copthorne Hotels New Zealand Ltd, holding 7,712,800 shares (7.312% of the company) after purchasing 2,728,336 shares between September 30, 2025 and January 30, 2026 for NZD $8.99 million.
MCK 2025 Interim Report
Millennium & Copthorne Hotels New Zealand (MCK) reported a mixed HY2025 result, with hotel revenue growing 15% year-on-year driven by increased room availability and international traveller demand, but total group revenue fell 7% to NZD $79.3M due to a 51% decline in property sales from subsidiary CDL Investments. Profit before tax dropped significantly to $11.35M from $21.53M in the prior period, primarily due to the subdued NZ housing market impacting CDL's contribution. The outlook remains cautious with challenging conditions expected in Q3 2025, though some recovery is anticipated in Q4 2025 and into 2026. Key points: Hotel revenue grew 15% year-on-year, driven by increased room availability from the long-term refurbishment programme and rising international traveller demand.; Average hotel occupancy improved to 70.0% from 69.0% in the prior corresponding period.; Mayfair Hotel Christchurch (acquired January 2025) and Sofitel Brisbane Central both performing above expectations, with Sofitel showing increased average rate and occupancy.
MCK HY25 Results Announcement
Millennium & Copthorne Hotels New Zealand (MCK) reported HY25 revenue of NZD $79.3M, down 7.1% on the prior period, as strong hotel revenue growth of 14.6% was more than offset by a 51.3% decline in property sales through CDL Investments. Profit before tax fell 47.3% to $11.35M, though the comparison is distorted by a HY24 one-off non-cash deferred tax charge of $25.8M that made the prior period loss after tax. The outlook remains cautious with challenging conditions expected through Q3 2025, but management anticipates a domestic and international business recovery in Q4 2025 and a property market pickup in 2026. Key points: NZ Hotels revenue grew 14.6% to $64.1M, driven by increased room availability from the long-term refurbishment programme and rising international visitor demand.; Hotel occupancy improved to 70.0% from 69.0% in the prior corresponding period.; Sofitel Brisbane Central JV delivered a strong turnaround, with hotel operating profit of $2.73M (vs $0.85M in HY24), boosted by special events including the British & Irish Lions Tour.
MCK 2025 ASM Voting Results
MCK held its 2025 Annual Meeting of Shareholders on 30 May 2025, with shareholders voting on two routine governance resolutions. Both resolutions passed overwhelmingly, with Graham McKenzie re-elected as director with 99.73% support, and the Board authorised to fix auditor fees and expenses with effectively 100% support. This announcement contains no financial results or earnings data. Key points: Graham McKenzie re-elected as director with 99.73% shareholder support; Board authorised to fix auditor fees and expenses with effectively 100% shareholder support; Both resolutions passed comfortably, indicating strong shareholder confidence in governance
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