Channel lists on ASX

NZX AND ASX RELEASE
19 December 2025
Channel Infrastructure lists on ASX
Channel Infrastructure NZ Limited, New Zealand’s largest fuel import terminal business, today
listed on the Australian Securities Exchange (ASX) under the ticker ASX:CHI.
Channel’s primary listing remains on the New Zealand Stock Exchange, with the foreign exempt
ASX listing providing access to a broader pool of institutional and retail shareholders to support
Channel’s continued growth.
Channel is New Zealand’s largest fuel import terminal business, storing and distributing 40% of
New Zealand’s transport fuel, including 80% of New Zealand’s jet fuel. Channel receives, stores,
tests and distributes petrol, diesel, and jet fuel that its customers (bp, Mobil, and Ampol-owned Z
Energy) import and supply to Auckland and Northland. The Company’s growth plans include
redevelopment of its strategic Marsden Point site, consolidation along the current fuel supply
chain to Auckland International Airport and measured M&A step-outs in Australia and New
Zealand.
Channel Infrastructure Chair, James Miller said "Today’s ASX listing marks another major
milestone for our Company, reflecting the significant opportunities for growth that are ahead of
us. Over the past three and a half years, Channel Infrastructure has proven its ability to deliver
on its strategy and execute value-accretive growth. Alongside significant investment in the
resilience of our import terminal and the execution of significant growth projects, we have
delivered a total shareholder return of 194%
1
since we converted to a dedicated fuels import
terminal on 1 April 2022.”
Chief Executive Rob Buchanan added “Channel already plays a critical role in New Zealand’s fuel
supply chain, with ownership of strategic infrastructure assets, our strong safety track record and
long-term customer contracts that provide stable inflation linked earnings and cashflows. As we
look forward to continuing to deliver on our ambitious growth plans, today’s ASX listing is an
important milestone for us, and forms part of our long-term strategy to become a critical enabler
of fuel resilience across both New Zealand and Australia.
“Work is already well underway for additional storage, fuel and energy security projects within our
Marsden Point Energy Precinct including a new jet storage facility for Ampol-owned Z Energy,
and a bitumen import terminal for Fletcher Building-owned Higgins, both of which will be
commissioned during the latter half of 2026 and are expected to add a further ~NZ$8 million per
annum to Channel’s EBITDA during their first full year of operation.”

1
Based on 1 Apr 2022 share price of NZ$1.05, Volume Weighted Average share price of NZ$2.72 over the period from 13
November 2025 to 12 December 2025, and total dividends paid per share of $0.36 since conversion.

Channel’s 180-hectare freehold Marsden Point Energy Precinct is being considered by the New
Zealand Government as one of New Zealand’s first Special Economic Zones and incorporates
the in-service fuel import terminal as well as a prospective biorefinery project led by Seadra
Energy and their consortium partners Qantas, Renova Inc, Kent Plc and ANZ Bank for which
Channel would be the landlord and ancillary infrastructure provider. Other potential Marsden Point
Energy Precinct projects include a diesel-fueled electricity peaking plant which is designed to
provide up to 72MW of fast-start peaking capacity from fuel already stored within Channel’s fuel
import terminal system. Channel is currently engaging with electricity market participants in
respect of a potential long-term capacity contract arrangement and assessing consenting
requirements for the project.
Channel is also actively pursuing inorganic growth, including consolidation along its current supply
chain where possible, and has recently acquired a 25% interest in the Somerton jet fuel pipeline,
a critical infrastructure asset in Melbourne’s jet fuel supply chain.

- ENDS -

Authorised by:

Chris Bougen
General Counsel and Company Secretary

Contact details
Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com

About Channel Infrastructure

Channel Infrastructure is New Zealand’s largest fuel import terminal business, storing and
distributing 40% of New Zealand’s transport fuel, including 80% of New Zealand’s jet fuel. We
receive, store, test and distribute petrol, diesel, and jet fuel that our customers import and supply
to Auckland and Northland.
Fuel is imported via our deep-water harbour and jetty infrastructure at Marsden Point and stored
in more than 290 million litres of contracted storage tanks on site. The fuel is then distributed via
our 170-kilometre pipeline to Auckland, or by our customers (bp, Mobil, and Z Energy) via truck
into Northland. We underpin the resilience of New Zealand’s fuel supply chain with our tank
capacity, which enables increased storage of fuel in New Zealand, and through efficient, low-
emission distribution of the fuel into the Auckland market. Given our proximity to Auckland, and

critical role in the jet fuel supply chain, Channel is well positioned to support the renewable fuel
transition.
Our plan for growth includes supporting fuel resilience for New Zealand through additional fuel
storage on our site, unlocking the strategic value of the Marsden Point Energy Precinct Concept
which reflects the significant role Channel could play in supporting New Zealand’s energy
transition – through potential opportunities including supporting the manufacture of lower-carbon
future fuels, as well as a range of potential energy security opportunities, and exploring expansion
beyond Marsden Point.
Channel Infrastructure also owns a 25% interest in the Somerton jet fuel pipeline to Melbourne
Airport and its wholly-owned subsidiary, Independent Petroleum Laboratory Limited, provides fuel
quality testing services throughout New Zealand.
For more information on Channel Infrastructure, please visit: www.channelnz.com