New Zealand's Barramundi posts FY loss on investment losses

Barramundi

24/08/2026 06:35

Overview
New Zealand investment company's fiscal year net loss was NZ$42.9 mln, driven by investment losses
Adjusted NAV return for the year was -18.2%, well below benchmark index's +9.2% return
Board declared final dividend of 1.07 NZ cents per share, payable 25 September 2026

Outlook
Company did not provide specific guidance or outlook for the current period or future in the press release

Result Drivers
INVESTMENT LOSSES - Co said net loss was mainly due to NZ$46 mln loss on investments
MARKET VOLATILITY - Chair said volatile global share markets contributed to disappointing result
SECTOR DECLINES - Senior Portfolio Manager said share prices of software, classified advertising and insurance broking investments fell due to investor concerns about AI disruption, despite reasonable earnings growth
HEALTHCARE UNDERPERFORMANCE - Co said healthcare investments, typically safe havens, did not fulfill that role and weighed on performance

Company press release: ID:nNZSvzl5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Loss
 
NZ$42.90 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)