NZX Governance Explorer

Millennium & Copthorne Hotels New Zealand Limited (MCK)

NZX-listed Consumer Discretionary company — share price, dividends, financials, board of directors and governance score.

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) last traded at $3.07 on 22 Oct 2026, a market capitalisation of $324M NZD, a board of 6 directors chaired by Colin Sim and a Governance Risk Score of 71/100.

Millennium & Copthorne Hotels New Zealand Limited owns and operates a portfolio of hotels across New Zealand under the Millennium, Copthorne, and Kingsgate brands. The company is part of the global Millennium & Copthorne Hotels group, ultimately controlled by Singapore-listed City Developments Limited (CDL) through its hospitality arm. The New Zealand portfolio includes landmark properties in Auckland, Wellington, Queenstown, Rotorua, and other key tourist destinations, offering accommodation ranging from premium full-service hotels to comfortable mid-scale properties. Listed on the NZX, the company has a concentrated ownership structure with CDL Investments New Zealand Limited holding the majority stake. The hotels cater to both business and leisure travellers, benefiting from New Zealand's tourism industry while facing challenges from changing travel patterns and accommodation market dynamics.

Share price
$3.07+0.00%
Market cap
$324MNZD
P/E ratio
23.9
Dividend yield
0.98%trailing 12m
Return on equity
3.6%
Governance score
71/100Very Good
Board size
633% independent
Last dividend
3.53cFY2026

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How Millennium & Copthorne Hotels New Zealand Limited makes money — FY2024

Revenue $176.2m · EBITDA $51.1m (29.0% of revenue) · Net profit $8.8m (5.0% of revenue)

Millennium & Copthorne Hotels New Zealand Limited (MCK) FY2024: where revenue of $176.2m wentHotel Operations → Revenue: $109.5mRevenue → EBITDA: $51.1mRevenue → Operating costs (net of other income): $125.1mEBITDA → EBIT: $42.5mEBITDA → Depreciation & amortisation: $8.6mEBIT → Net profit: $8.8mEBIT → Interest: $2.2mEBIT → Income tax: $31.4mOther items (net gain) → Income tax: $12.8mResidential Land Development → Revenue: $46.3mInvestment Property → Revenue: $2.7mResidential Property Development → Revenue: $17.6mHotel Operations: $109.5mHotel Operations$109.5mResidential Land Development: $46.3mResidential LandDevelopment$46.3mInvestment Property: $2.7mInvestment Property$2.7mResidential Property Development: $17.6mResidential PropertyDevelopment$17.6mRevenue: $176.2mRevenue$176.2mEBITDA: $51.1mEBITDA$51.1mOperating costs (net of other income): $125.1m (derived)Operating costs (net ofother income)$125.1m · derivedEBIT: $42.5mEBIT$42.5mDepreciation & amortisation: $8.6mDepreciation &amortisation$8.6mOther items (net gain): $12.8m (balancing item)Other items (net gain)$12.8m · balancingNet profit: $8.8mNet profit$8.8mInterest: $2.2mInterest$2.2mIncome tax: $44.3mIncome tax$44.3m

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

Millennium & Copthorne Hotels New Zealand Limited FY2024 figures used in the chart
FY2024AmountStatusNote
Revenue$176.2mReported
Operating costs (net of other income)−$125.1mDerived *Reported operating expenses $55.4m do not reconcile; not used.
EBITDA$51.1mReported
Depreciation & amortisation−$8.6mReported
EBIT$42.5mReported
Interest (net finance costs)−$2.2mReported
Income tax−$44.3mReported
Other items (net gain)+$12.8mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$8.8mReported
  • * operating costs: $125.1m = Revenue − EBITDA

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.

Annual report: MCK Annual Report 2024 (PDF, NZX)

Every charted year for MCK, with checks

Millennium & Copthorne Hotels New Zealand Limited board of directors

6 current directors, 33% independent, average tenure 9.0 years.

DirectorRoleIndependentAppointedTenureCommittees
Colin SimChairNo20215.5 yrs—
Stuart HarrisonExecutive DirectorNo20224.4 yrsAudit & Risk Committee
Leslie PrestonIndependent DirectorYes20215.6 yrsAudit & Risk Committee (Chair)
Eik Sheng KwekNon-Independent DirectorNo20206.8 yrs—
Kevin HangchiNon-Independent DirectorNo201610.8 yrs—
Graham McKenzieIndependent DirectorYes200620.8 yrs—

MCK governance score breakdown

Millennium & Copthorne Hotels New Zealand Limited scores 71/100 (Very Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
12/25
Shareholder rights
20/20
Executive remuneration
5/10

MCK dividends

The most recent Millennium & Copthorne Hotels New Zealand Limited dividend on record is 3.53 cents per share, for FY2026 (interim).

Millennium & Copthorne Hotels New Zealand Limited largest shareholders

Top 1 registered holders of MCK as disclosed for FY2024. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1CDL Hotels Holdings New Zealand Limited75.79%

Recent MCK NZX announcements

The 10 most recent filings by Millennium & Copthorne Hotels New Zealand Limited to the NZX.

Millennium & Copthorne Hotels New Zealand Limited (MCK) — frequently asked questions

What does Millennium & Copthorne Hotels New Zealand Limited do?

Millennium & Copthorne Hotels New Zealand Limited owns and operates a portfolio of hotels across New Zealand under the Millennium, Copthorne, and Kingsgate brands. The company is part of the global Millennium & Copthorne Hotels group, ultimately controlled by Singapore-listed City Developments Limited (CDL) through its hospitality arm. The New Zealand portfolio includes landmark properties in Auckland, Wellington, Queenstown, Rotorua, and other key tourist destinations, offering accommodation ranging from premium full-service hotels to comfortable mid-scale properties. Listed on the NZX, the company has a concentrated ownership structure with CDL Investments New Zealand Limited holding the majority stake. The hotels cater to both business and leisure travellers, benefiting from New Zealand's tourism industry while facing challenges from changing travel patterns and accommodation market dynamics. Millennium & Copthorne Hotels New Zealand Limited is listed on the NZX under the ticker MCK, in the Consumer Discretionary sector.

What is the Millennium & Copthorne Hotels New Zealand Limited (MCK) share price?

Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) shares closed at $3.07 on 22 October 2026, unchanged on the previous close. At that price its market capitalisation was about $321 million, based on 104,519,845 shares on issue as at 11 March 2026.

Who are the directors of Millennium & Copthorne Hotels New Zealand Limited?

Millennium & Copthorne Hotels New Zealand Limited has 6 current directors: Colin Sim (Chair), Stuart Harrison (Executive Director), Leslie Preston (Independent Director), Eik Sheng Kwek (Non-Independent Director), Kevin Hangchi (Non-Independent Director) and Graham McKenzie (Independent Director). 2 of the 6 are recorded as independent (33%). Average board tenure is 9.0 years.

Who is the chair of Millennium & Copthorne Hotels New Zealand Limited?

Colin Sim chairs the Millennium & Copthorne Hotels New Zealand Limited board, and has been a director since 2021.

Who is the CEO of Millennium & Copthorne Hotels New Zealand Limited?

Stuart Harrison is the Managing Director of Millennium & Copthorne Hotels New Zealand Limited.

What was Millennium & Copthorne Hotels New Zealand Limited's most recent dividend?

The most recent Millennium & Copthorne Hotels New Zealand Limited dividend on record is 3.53 cents per share for FY2026 (interim).

What is Millennium & Copthorne Hotels New Zealand Limited's dividend yield?

Millennium & Copthorne Hotels New Zealand Limited's trailing 12-month dividend yield is 0.98%, as at 22 October 2026. That is 3.00 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 22 October 2026 closing price of $3.07. Special dividends are excluded.

Who are the largest shareholders of Millennium & Copthorne Hotels New Zealand Limited?

The largest registered holder of MCK shares in the FY2024 top-20 register was CDL Hotels Holdings New Zealand Limited, with 75.79%.

What is Millennium & Copthorne Hotels New Zealand Limited's governance score?

Millennium & Copthorne Hotels New Zealand Limited has an NZXplorer Governance Risk Score of 71/100 (Very Good) for FY2026, based on 73% data coverage.

When was the last Millennium & Copthorne Hotels New Zealand Limited annual meeting?

The most recent Millennium & Copthorne Hotels New Zealand Limited annual meeting on record was held on 26 May 2026.

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