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AI-detected risk flags from NZX announcements — profit warnings, guidance downgrades, audit qualifications, and more
Showing 76 of 76 risk-flagged announcements
Tourism Holdings Limited announces the immediate resignation of director Luke Trouchet, effective 3 March 2026. No reasons for the resignation or replacement details are provided in the announcement.
Charles Fergusson, Director On-Farm Excellence, Business Sustainability and Corporate Affairs at Synlait Milk Limited, has resigned effective 31 May 2026. CEO Richard Wyeth acknowledged Fergusson's contributions, particularly his role in securing the company's milk supply. Fergusson is departing to pursue a new opportunity.
Chatham Rock Phosphate Limited reported unaudited interim financial statements for the nine months ended December 31, 2025, showing a net loss of $725,733 CAD with no revenue generated. The company faces material uncertainties regarding going concern, dependent on successful capital raising, cost management, and completion of a definitive investment agreement with an interested party.
Manuka Resources Ltd has secured definitive loan documentation for a US$30 million senior secured term facility with Nebari Natural Resources Credit Fund II, LP to refinance existing debt and fund its Wonawinta silver and Canbelego gold mining projects. The company has drawn Tranche 1 of the facility and issued 36,423,612 warrants at an exercise price of $0.2004, with the facility enabling production commencement in Q2 2026.
Rua Gold Inc. reported updated full year results for 2025 with a net loss of $13,357,900 and accumulated deficit of $49,883,286. The company raised $19.55 million through share offerings in 2025 and completed a reverse takeover transaction with Reefton Goldfields Inc. in 2024. Material uncertainty regarding going concern was noted by auditors due to ongoing losses and dependence on equity financing.
Synlait Milk Limited has amended its syndicated bank facilities to include extensions, waivers, and modifications to covenant requirements following its recent half-year performance update and ahead of its North Island asset sale completion on 1 April 2026. Key amendments include an extension of the $50 million facility limit step-down, waiver of quarterly minimum EBITDA thresholds, suspension of net senior leverage ratio, and modifications to interest cover ratios.
Henderson Far East Income Limited announced the issuance of 450,000 ordinary shares at 269.5p per share on 27 February 2026, raising approximately £1.21m in gross proceeds. The shares will be issued for cash on 3 March 2026, bringing total issued share capital to 198,524,679 shares.
Kiwi Property reported continued progress on strategic priorities including balance sheet strengthening and portfolio repositioning, with portfolio value of $3.0 billion and improved operational metrics. The company reconfirmed FY26 full-year dividend guidance of 5.60 cents per share and announced capital recycling transactions including The Plaza sale settlement and ASB North Wharf sale expected in H1 2026. Key developments include IKEA opening at Sylvia Park driving 8-13% pedestrian count increases, ongoing Vero Centre refresh project, and executive changes with CFO Steve Penney departing.
Enprise Group Limited reported interim results for the six months ended 31 December 2025 with revenue of $12.95 million (up 3.5% year-on-year) but a net loss of $0.54 million compared to a profit of $0.15 million in the prior period, primarily due to increased employee costs of $10.37 million and margin pressure in consulting services. The company raised $0.76 million through a rights issue and maintained net cash of $1.41 million, with the board focused on improving utilisation and growing recurring revenue streams.
Manuka Resources Limited (MKR) has requested an immediate trading halt of its securities on both ASX and NZX pending an announcement regarding loan documentation. The trading halt is expected to last two trading days, with the halt to be lifted upon release of the loan documentation announcement or by Tuesday, 3 March 2026.
Booster Investment Management Limited is converting approximately 46 hectares of vineyard land on the Waimea Plains to a multi-variety apple orchard with planned development costs of $15.7 million over six years. The move follows challenging wine market conditions with record-low bulk wine prices, and is expected to be value accretive to PLP while reducing vineyard exposure from 25% to approximately 19% of assets.
Booster Investment Management Limited has released updated disclosure documents for the Private Land and Property Fund (PLP), a managed fund listed on the NZX Main Board. The fund invests entirely in a wholesale portfolio of vineyard, winery, and orchard properties across New Zealand, with a current gearing ratio of 1.72% and interest cover ratio of 10.3x as of 31 March 2025.
Manuka Resources Limited (MKR) has been placed under a trading halt by NZX RegCo at the issuer's request, effective from 12:24pm on 27 February 2026. The specific reasons for the halt will be disclosed shortly in MKR's formal trading halt application.
Santana Minerals Limited is holding a General Meeting on 31 March 2026 to seek shareholder approval for a capital raising totaling A$130 million, consisting of an unconditional placement of 125,513,727 shares already issued and conditional placements of up to 18,930,718 shares to institutional investors and related parties. The funds will be used to accelerate development of the Bendigo Ophir Gold Project and fund exploration activities.
Santana Minerals Limited is offering eligible shareholders a Share Purchase Plan (SPP) to subscribe for up to A$24,948 worth of shares at A$0.90 per share, representing an 8.6% discount to the pre-placement traded price. The SPP targets to raise up to A$30 million to fund the company's share of development costs for the Bendigo Ophir Gold Project, following a A$130 million institutional placement completed on 17 February 2026.
Foley Wines Limited reported H1 FY2026 results with revenue of $34.9m (up 2.5%), net profit of $2.3m (up 112%), and operating earnings of $2.6m (up 30.2%), driven by strong international distribution partnerships despite challenging global market conditions and no interim dividend declared.
AoFrio reported record FY25 revenue of $83.2 million (+4% YoY) with EBITDA of $3.5 million (+40% YoY), though results came in below guidance due to US tariff headwinds. The company launched strategic products including the SCS 800 cellular controller and AoFrio iQ SaaS platform, securing its first Food Retail customer and achieving 3.2 million connected devices (+22% YoY).
Vista Group International Limited reported record 2025 results with total revenue of $164.3m (up 10%) and NPAT of $2.6m (up 533% from -$0.6m in 2024). The company is accelerating cloud adoption with 35% of cinema client sites transitioned to Vista Cloud, and launched Vista Payments as a new revenue stream with significant long-term growth potential.
Rua Gold Inc. reported full year results for 2025 with a net loss of $13.4m, down from $25.6m in 2024. The company raised approximately $19.6m in equity financing during 2025 through two offerings and warrant exercises. A material uncertainty related to going concern exists due to accumulated deficit of $49.9m and continued operational losses.
Rua Bioscience reported significant 92% revenue growth to $1,333,773 for the six months ended 31 December 2025, driven by expansion across five markets including Germany, Australia, New Zealand, Czech Republic, and the United Kingdom. However, the company reported a net loss before tax of $1,793,429 with minimal improvement from the prior year, and completed a capital raise of $2,315,679 to fund growth.
AoFrio reported record revenue of $83.2 million in FY25 (up 4% YoY) with EBITDA of $3.5 million (up 40% YoY), driven by IoT segment growth and margin expansion. The company launched strategic products including the SCS 800 cellular controller and AoFrio iQ SaaS platform, secured its first Food Retail customer, and connected 3.2 million devices, though Q4 tariff headwinds limited growth below guidance.
Solution Dynamics Limited reported a significant decline in H1 FY2026 performance with net profit after tax down 91% to $0.21 million and revenue declining 34.5%, primarily due to minimal business from the company's largest customer. The company declared an interim dividend of 2.0 cents per share and maintained FY2026 earnings guidance of $0.1-0.6 million, supported by successful development of its new AI-driven nGAGE product for the dental market.
Locate Technologies Limited reported a net loss of $2.0m for the six months to 31 December 2025, compared to a loss of $0.9m in the prior period, representing a 114% deterioration. Revenue remained essentially flat at $3.5m with no interim dividend proposed, and the company's net tangible assets per share remained negative at -$0.015.
Air New Zealand reported a loss before taxation of $59 million for 1H 2026 compared to earnings of $144 million in 1H 2025, driven by global engine maintenance delays, slower domestic demand recovery, and aviation system cost inflation. The airline expects 2H 2026 earnings to be broadly in line with or modestly below 1H 2026, with no interim dividend declared, and is undertaking a comprehensive strategic review to return to sustained profitability.
TruScreen Group has revised its FY2026 revenue guidance downward to NZ$2.4m in product sales (41% growth but below the NZ$2.8m market guidance), primarily due to delayed payment from an Uzbekistan contract and deferred Zimbabwe validation orders. The company expects to report a similar loss of approximately NZ$2.2m as FY2025, reflecting continued market access development investments despite revenue growth.
Australian Foundation Investment Company (AFIC) reported a half-year profit of $147.0 million (down 4.6% from $154.2 million in the prior year) with an interim dividend of 12.0 cents per share fully franked plus a special dividend of 2.5 cents. The portfolio returned -2.0% including franking over six months, underperforming the S&P/ASX 200 Index return of 4.2% including franking, primarily due to underperformance in large core holdings and lack of exposure to small/mid-cap resources.
Santana Minerals Limited has completed an unconditional placement of A$113 million, issuing 125,513,727 fully paid ordinary shares. A conditional placement component of A$17.04 million subject to shareholder approval will be put to a vote, along with details of a previously announced share purchase plan.
Michael Gayst, Chief Financial Officer and Company Secretary of Locate Technologies Limited, has resigned effective 31 March 2026 after providing three months' notice as he moves towards semi-retirement. He will transition to a consulting role with the company, and the board has commenced a search for a replacement CFO.
Locate Technologies Limited reported a loss after income tax of $2.0m for the half-year ended 31 December 2025, compared to $0.93m in the prior period, driven by increased corporate expenses and a Bitcoin revaluation loss. The company completed its IPO on the NZX on 3 December 2025 and acquired the Australian Entity on 16 December 2025, with revenue remaining relatively flat at $3.51m.
ANZ Group Holdings announces that former CEO Shayne Elliott has discontinued legal proceedings regarding his 2025 financial year remuneration outcomes. No payments or commitments were made to Mr Elliott as part of the discontinuation, with both parties bearing their own legal costs.
Bremworth Limited reported a loss of $6.4 million for the first half of FY26 despite revenue growing 6.1% to $44.7 million, driven by lower gross margins and disappointing sales volumes. The company is pursuing a Scheme of Arrangement with Floorscape Limited (owned by Mohawk Industries) valued at $0.95-$1.05 per share, contingent on regulatory approvals and is not expected to be profitable or cash flow positive in the second half of FY26.
Steel & Tube reported a half-year loss of $12.4m for the period ended 31 December 2025, compared to a loss of $10.4m in the prior year, despite revenue growth of 8.1% to $211.9m. The company faced persistent economic headwinds with squeezed margins, though growth investments and the Perry Metal Protection acquisition (completed in May 2025) provided some offset. The company has renegotiated banking covenants and extended facilities to March 2027.
TruScreen Group CEO Martin Dillon has been granted a three-month leave of absence from February 2026 to support his wife receiving palliative care for metastatic breast cancer, with expected return in early June. Non-Executive Independent Chairman Tony Ho will assume executive responsibilities as interim Executive Chairman during this period, with the Board expressing confidence in operational continuity.
Vulcan Steel Limited reported 1H FY26 results with revenue up 8.6% to NZ$535.4m, driven by the Roofing Industries acquisition which contributed NZ$41.4m revenue and NZ$3.2m NPAT. While adjusted NPAT remained relatively flat at NZ$9.3m (+1.3%), statutory NPAT declined 9.7% to NZ$8.3m after accounting for NZ$1.0m acquisition costs. The company maintains a cautious outlook as economic conditions begin to stabilize despite ongoing margin pressures.
Vulcan Steel Limited reported 1H FY26 results showing revenue growth of 8.6% to NZ$535m and flat adjusted EBITDA at NZ$57.3m, driven by the October 2025 acquisition of Roofing Industries and underlying volume improvements. The company maintained its interim dividend at 2.5 cents per share and achieved first year-on-year volume growth since FY22, though operating conditions remain challenging with margin compression and lower cash conversion.
Vulcan Steel Limited reported 1H FY26 results with revenue up 8.6% to NZ$535.4 million, but EBITDA and NPAT declined 1.1% and 9.3% respectively, impacted by mixed economic conditions in New Zealand and Australia. The company successfully acquired Roofing Industries for NZ$93.8 million and declared a 2.5 cents per share interim dividend, while reducing net debt by NZ$30.1 million.
CDL Investments New Zealand Limited reported FY2025 results with profit declining to $11.1m from $15.4m in FY2024, driven by lower property sales revenue of $34.5m (down from $46.0m). The company maintained dividend payments and reported total equity of $321.2m, with cash balances declining to $13.4m from $32.8m due to investment in development properties and land purchases.
Rakon Limited's independent directors unanimously recommend shareholders accept Bourns' takeover offer of $1.55 per share in cash. The offer price falls within the independent valuer's range of $1.46-$1.94 per share and represents a 72.2% premium to the pre-announcement trading price, with 53.66% of shares already accepted as of 20 February 2026.
WasteCo Group Limited announces the resignation of director Shane Edmond, effective 28 February 2026. The company has expressed gratitude for his contributions and indicates it will review board composition requirements.
Comvita Limited reported a return to profitability in 1H26 with revenue of $118.0m (up 18.3%), NPAT of $4.6m, and normalised EBIT of $10.0m. The company has successfully reduced net debt by $32.9m to $48.7m and generated positive operating cash flow of $20.8m, with full-year normalised EBIT guidance maintained at approximately $14.3m. The recapitalisation process is progressing with credible expressions of interest from both existing and prospective investors, including an offshore strategic investor willing to support at $0.80 per share.
Genesis Energy delivered record H1 FY26 normalised EBITDAF of NZ$307 million, up 38% year-on-year, driven by favourable hydro conditions and strong portfolio management. The company announced a NZ$400 million equity raise (NZ$100m placement and NZ$300m rights offer) to accelerate growth opportunities in renewable generation and dispatchable firming capacity, with the Crown committing to subscribe for approximately NZ$198m to maintain a 51% shareholding.
Tourism Holdings Limited reported H1 FY26 underlying NPAT of $29.5 million (up 11%) with total revenue of $477.3 million (up 4%), driven by 11% growth in rental services revenue. The company declared a 20% increase in interim dividend to 3.0 cents per share and expects FY26 underlying NPAT of $43-47 million (50-65% growth), supported by progress on strategic initiatives including the conditional agreement to sell UK & Ireland operations for approximately $58.3 million.
Fisher & Paykel Healthcare has updated its FY26 guidance upwards, with operating revenue now expected at approximately $2.30 billion (up from $2.17-2.27 billion) and net profit after tax of $450-470 million (up from $410-460 million), driven by continued strong Hospital products growth and margin improvements. The company notes US Supreme Court invalidation of certain tariffs but does not believe this materially impacts long-term strategy, with further tariff impact details to be provided in May.
RUA Gold Inc. commenced trading on the NZX Main Board on 23 February 2026 under ticker 'RGI', following its prior listing on the TSX. The company is a New Zealand-focused gold exploration company with two primary assets: the Reefton Project (South Island) and the Glamorgan Project (North Island), targeting development of high-grade gold and antimony resources.
Santana Minerals Limited has received ASX waivers to conduct a second share purchase plan (SPP) within 12 months, targeting A$30 million before expenses. The waivers allow the company to issue up to 211,643,092 shares without shareholder approval, enabling expedited execution and avoiding exposure to share price and NZ$/A$ exchange rate fluctuations.
Genesis Energy Limited has requested a trading halt on its ordinary shares and bonds to conduct a capital raise of approximately NZ$400 million, comprising a NZ$100 million placement and a NZ$300 million pro rata rights offer, with the Crown committing to maintain a 51% shareholding. The halt was placed at pre-market open on 23 February 2026 and is expected to be lifted following announcement of placement completion before market open on 24 February 2026.
Winton Land Limited reported H1 FY26 interim results with revenue of $32.4 million (down 60% from $81.1 million in H1 FY25) due to lower residential unit settlements (14 units vs 90 in prior year), offset partially by 67.4% growth in commercial revenue to $17.4 million. The company recorded a net loss of $0.9 million (improved from $2.0 million loss in H1 FY25) and EBITDA gain of $0.8 million, with the Board maintaining its decision to pause dividend payments given subdued economic conditions.
Fonterra has lifted its 2025/26 season Farmgate Milk Price forecast midpoint from $9.00 to $9.50 per kgMS, citing improvements in global commodity prices and a well-contracted sales book. The company also announced plans to distribute 100% of Mainland Group earnings as a special dividend of 14-18 cents per share following the Lactalis sale completion, while confirming unchanged FY26 continuing operations earnings guidance of 45-65 cents per share.
Pacific Edge Limited has requested a trading halt on its securities effective immediately (pre-market open 20 February 2026) due to a Novitas Contractor Advisory Committee meeting scheduled for 19 February 2026 US ET that will discuss evidence for urine-based biomarkers in microhematuria patients. The meeting may have significant strategic implications for Pacific Edge's Cxbladder product and potential Medicare reimbursement status, and the company expects to release a statement by market open Monday 23 February 2026.
Fonterra has lifted its 2025/26 season Farmgate Milk Price midpoint from $9.00 to $9.50 per kgMS based on improved global commodity prices and a well-contracted sales book. The company intends to distribute 100% of Mainland Group earnings as a special dividend (14-18 cents per share) following the sale to Lactalis, while confirming unchanged FY26 continuing operations earnings guidance of 45-65 cents per share.
SkyCity Entertainment Group reported interim results for the six months ended 31 December 2025, with revenue of $406.5m (down 3.4% from $420.8m prior year) and profit attributable to shareholders of $12.1m (up 98.9% from $6.1m). EBITDA decreased to $72.1m from $113.1m, reflecting operational challenges particularly at SkyCity Adelaide, while the company completed the NZICC project and conducted a $229m equity raise.
Fonterra is holding a special meeting on 19 February 2026 to seek shareholder approval for a capital return scheme related to the sale of Mainland Group to Lactalis. The co-op is targeting a tax-free capital return of $2.00 per share (approximately $3.2 billion total) to be implemented via a Court-approved Scheme of Arrangement, with completion expected by 31 March 2026.
Contact Energy Limited has announced the opening of a NZ$75 million non-underwritten retail share offer to eligible shareholders, forming part of a total NZ$525 million equity raise. The retail offer follows the successful completion of a NZ$450 million underwritten placement on 17 February 2026 at NZ$8.75 per share, with proceeds to be used for renewable energy projects including Tauhara 2 geothermal drilling, Glenbrook battery 2.0, and Glorit solar farm investments.
Fonterra is holding a special shareholder meeting on 19 February 2026 to approve a Scheme of Arrangement for a $3.2 billion capital return ($2.00 per share) following the sale of Mainland Group to Lactalis. The capital return will be implemented through a share repurchase and subdivision mechanism, with payment expected in Q1 2026 subject to regulatory approvals and transaction completion.
New Zealand King Salmon Investments Limited held its tenth annual shareholders meeting on 18 February 2026. The company reported challenging financial results for the 8-month period ended 30 September 2025 due to reduced harvest from biological challenges, but announced a transformative wellboat lease agreement and significant progress on growth initiatives including the Blue Endeavour open ocean pilot project.
Fletcher Building reported 1H FY26 results with revenue of $2,866m broadly flat year-on-year and EBIT before Significant Items of $145m, reflecting stable underlying performance despite challenging market conditions. The company announced the sale of its Construction division for $315.6m (potentially $334.1m) as a key milestone in its portfolio simplification strategy, with net debt of $1,164m and no interim dividend declared.
Santana Minerals Limited has received firm commitments to raise A$130 million through a placement of approximately 144.4 million shares at A$0.90 per share, with the second tranche subject to shareholder approval at an EGM expected in late March 2026. The company will also offer a share purchase plan (SPP) at the same price to eligible Australian and New Zealand shareholders. The funds will accelerate development of the Bendigo Ophir Gold Project and support early infrastructure works ahead of expected final resource consents in October 2026.
Barramundi Limited reported a net loss of $15.4m for the six months ended 31 December 2025, significantly underperforming the S&P/ASX 200 Index benchmark with an adjusted NAV return of -6.6% versus benchmark +5.6%, primarily due to losses on investments of $17.4m driven by Australian sharemarket volatility and AI-related sector concerns. Despite the poor performance, the company maintained its distribution policy, paying 2.84 cents per share during the period and declaring an interim dividend of 1.28 cents per share, with management fees reduced through the fulcrum fee mechanism.
Contact Energy Limited has successfully completed a NZ$450 million institutional placement as part of a NZ$525 million equity raise, with strong support from existing and new international investors. The company is also conducting a non-underwritten retail offer to raise up to NZ$75 million, with settlement and trading to commence on 20 February 2026 for the placement and 13 March 2026 for the retail offer.
Marlin Global Limited reported a net profit of $6.5m for the six months ended 31 December 2025, down 20% from the prior period, with revenue declining 17% to $9.4m. The company declared a dividend of 1.88 cents per share, though portfolio performance significantly underperformed its benchmark index due to style headwinds and sector positioning.
Marlin Global Limited is conducting a pro rata warrant issue to shareholders, offering one warrant for every four shares held. The warrants have a nil issue price and an exercise price of $0.87 (subject to dividend adjustments), with an exercise date of 23 April 2027. Approximately 57.2 million warrants will be issued to fund further portfolio investment.
AFIC announces that CEO and Managing Director Mark Freeman will retire at the end of the 2026 Financial Year after 31 years with the company. Alison Gibson, a former portfolio manager at AFIC (2011-2021) with over 25 years of investment experience, has been appointed as his successor, effective 13 July 2026, and will also lead three other listed investment companies managed by AICS.
Contact Energy Limited has requested a trading halt on its ordinary shares and quoted bonds on both NZX and ASX to conduct a fully underwritten equity raising of NZ$525 million, comprising NZ$450 million institutional placement and up to NZ$75 million retail offer. The trading halt is expected to last one trading day, with results announced before market open on Tuesday, 17 February 2026.
Contact Energy Limited has announced a capital raise comprising a placement of 51,428,572 ordinary shares at NZD 8.75 per share (targeting up to NZ$450 million) and a retail offer of up to 8,571,429 shares to eligible shareholders. The placement is fully underwritten by UBS New Zealand Limited, with the retail offer closing on 6 March 2026 and the placement shares to be issued on 20 February 2026.
Contact Energy reported strong H1 2026 results with net profit of $205m (up 44%) and EBITDAF of $500m (up 24%), driven by the Manawa Energy acquisition completed in July 2025. The company announced a $525m equity raise to fund renewable energy projects including a 200MW battery (Glenbrook 2.0), 150MWac solar farm (Glorit), and geothermal drilling (Tauhara 2) as part of its Contact31+ strategy.
The a2 Milk Company reported 1H26 results with revenue from continuing operations of $993.5m (+18.8%) and net profit from continuing operations of $112.1m (+9.4%), though total net profit was significantly lower at $10.9m due to a $103.7m loss from discontinued operations (Mataura Valley Milk divestment). The company declared an interim dividend of 11.5 cents per share and completed the acquisition of a2 Pokeno dairy facility.
Booster Investment Scheme 2's Private Land and Property Fund reported a negative annual return of -1.80% (after charges and tax) for the year to 31 December 2025, though the 5-year average return was 6.37%. The fund holds $211.1m in assets invested primarily in unlisted agricultural, horticultural, and property-based investments across New Zealand.
Westpac Banking Corporation has issued A$1,500,000,000 of Fixed Rate to Floating Rate Callable Subordinated Notes due 12 February 2041 as Tier 2 regulatory capital. This cleansing notice under section 708A(12H)(e) of the Corporations Act enables the notes to be offered without disclosure requirements, with provisions for conversion to ordinary shares or write-off upon a non-viability trigger event determined by APRA.
Marlin Global Limited's January 2026 portfolio returned -3.0% gross performance, underperforming its benchmark (+1.1%) due to a sharp market rotation away from high-quality and growth stocks toward low-quality and value stocks. Notable portfolio movements included ASML's +33% gain (subsequently reduced) and significant losses in software stocks like Salesforce (-20%) and Microsoft (-11%), though gains in Meta (+9%) and Dexcom (+10%) provided some offset.
Siward Crystal Technology Co., Ltd has accepted a full takeover offer from Bourns, Inc. for Rakon Limited, changing the nature of its relevant interest in its 12.191% shareholding (28,016,681 shares). Bourns, Inc. now has conditional power to acquire Siward Technology's shares pursuant to the offer terms.
ArborGen has updated its FY26 guidance, now expecting Adjusted US GAAP EBITDA of USD$10.3m-$10.7m (17-22% increase on FY25), down from previous guidance of USD$11m-$12m. The downward revision reflects slower-than-expected fourth-quarter upside in Brazil due to delayed customer planting, though the company remains on track for year-on-year revenue and gross margin improvements.
EROAD Limited's Chief Executive Officer Mark Heine has announced his resignation, effective June 2026, after nearly 11 years in the role. The company has grown significantly under his leadership from $17m to almost $200m in revenue across Australia, New Zealand, and North America. The Board will commence a recruitment process for a new CEO.
Bremworth Limited has been granted initial orders from the High Court for its proposed scheme of arrangement with Floorscape Limited. The company will not release the scheme booklet or confirm shareholder meeting details until Commerce Commission clearance and an Inland Revenue tax ruling are obtained.
Locate Technologies reported strong Q2 FY26 results with group revenue of $1.88m (40% growth in Locate2u YoY) and normalised group EBITDA of $144k, while holding 12.3 BTC (~NZ$1.5m). The company is transitioning to an AI-powered logistics software leader with Locate2u now representing 54% of group revenue and achieving positive EBITDA, while Zoom2u remains a profitable cash-generative business.
Santana Minerals has declared a new Exploration Target at Rise & Shine (RAS) containing 3.6-7.7Mt of gold mineralisation at 1.9-2.8 g/t Au (0.52-1.48 Moz), extending the known mineralised envelope by approximately 1,000m down-plunge based on recent diamond drilling results.
Bremworth Limited has updated shareholders on its Scheme Implementation Agreement with Floorscape, announcing a reduction in the expected capital return to shareholders from $0.30-$0.40 per share to $0.20-$0.30 per share due to deteriorating trading conditions and cash position. The NZCC decision on the merger is expected by 13 March 2026, with potential extension to mid-late May, and Bremworth's Board remains supportive of the Scheme.
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Language shift detection in corporate communications
Z-Score, F-Score, and financial distress warning indicators
Companies with multiple governance indicators below common thresholds. Flags include: low board independence (<50%), no female directors, resolutions not passed, directors with 12+ year tenure (NZX independence threshold), and low GRS scores (<50).
Data sourced from NZX company announcements (AI-extracted). Our datasets may not be complete. Automated analysis can produce errors. Past performance does not indicate future results. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.
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