NZ's Gentrack slips after lowering full-year revenue forecast

Gentrack

08/05/2026 02:40

** Shares of New Zealand's Gentrack Group GTK.NZ on track to a record fall of 34.5%, their worst performance since mid-March 2020

** Stock down 1.5% to NZ$3.89 on the day, among top losers on NZX 50 benchmark

** The utilities provider plunged nearly 35% earlier this week after lowering estimates for FY26 revenue to between NZ$229 million and NZ$238 million ($135.96 million-$141.30 million)

** About 159,762 shares change hands, 1.9x the 30-day average

** Stock down 53.8%, YTD

($1 = 1.6844 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))