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Brent Edwards
Sat, 14 Feb 2026
Fri 13 Feb 2026 10:58:04pm
MARKET MOVEMENTS
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Fri 13 Feb 2026 10:58:04pm
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Billions being invested under revamped Active Investor Plus visa
Since tweaking the Active Investor Plus (AIP) visa less than a year ago, 573 applications have been received, totaling $3.39 billion, according to Immigration Minister Erica Stanford.
“These results show the significant changes the Government has made to the visa is achieving our goal of making an investor visa available that attracts high-value global investors and supports the Government’s ‘going for growth’ approach,” she said.
She made the announcement during a visit to orchard-technology firm Hectre. It had received investment through the visa scheme to support its growth.
Stanford said of the $3.39b committed through the AIP visa, $1.05b had already been invested, with the remaining $2.34b expected to be invested in the next six months.
“Investments are already supporting growth across various sectors, including in tech, healthcare, aged care, horticulture, and digital media,” she said.
South Port profit up 46.8% at half year
Recovery in smelter and agricultural volumes helped prop South Port’s net profit after tax to $8.45m for the six months to December, up 46.8% on the comparable period. The country’s southernmost deep-water port said interim cargo volumes were up 17.8% at just under two million tonnes, with operating revenue at $34.75m. Imports were driven by fertiliser, stock food, project cargo, and cement, while exports jumped on the back of woodchip and fertiliser volumes, it said.
A "structural shift" in the application of stock feed in Southland had also seen supplementary feed being used across the full season.
Container volumes were up by a fifth at 24,800 twenty-foot-equivalents, on the strength of both increased dairy volumes and aluminium products packed on Island Harbour.
Tiwai Point volumes climbed 30% year on year to 510,000 tonnes, with the smelter now accounting for 26% of the port’s total trade.
A dividend of 8.5c was declared, up on last year’s 7.5c and payable on March 10.
Singapore and NZ introduce electronic certification for trade
New Zealand and Singapore are replacing the current paper-based system with a new electronic certification arrangement to streamline trade and reduce costs.
Trade Minister Todd McClay said the new system would enable real-time digital exchange of export health certification confirming products meet the importing country’s regulatory requirements, including animal or plant health, hygiene and food safety.
“It will streamline border processes, improve efficiency, reduce costs, enhance supply chain security and integrity, and help products clear borders and reach markets sooner,” McClay said.
The arrangement, which has been signed in Singapore, forms part of the two countries’ joint plan of action under the Comprehensive Strategic Partnership.
T&G lifts profit guidance
T&G Global has increased annual earnings guidance.
Profit before tax for the listed horticulture company is expected to range between $20 million and $23m for the 2025 fiscal year, up on previous guidance of between $6m and $20m.
Last year the company reported a loss before income tax of $6.83m.
T&G is expected to report annual results on February 27.
SkyCity hires new CFO
Casino operator SkyCity has appointed Blair Woodbury as its new chief financial officer.
Woodbury joins from telecommunications company Devoli, where he served as CFO since 2021, and was previously CFO at Sky TV from June 2019 to September 2020.
Before Sky TV, Woodbury was a consultant with McKinsey & Co.
SkyCity chief executive Jason Walbridge said Woodbury had deep experience as a custodian of shareholder capital.
“He has led significant asset optimisation programmes, driven disciplined cost reductions to fund growth, and rebuilt balance sheets while maintaining transparent, credible engagement with investors and analysts.”
Woodbury takes over from Peter Fredricson, who resigned last October and leaves on March 1.
Promisia Healthcare lifts guidance
Small-listed aged care operator Promisia Healthcare has upgraded its full year earnings guidance following improved trading conditions.
The company now expects its earning before interest, tax, depreciation, amortisation and financing (ebitdaf) for the year ending March to be between $6.4m and $6.8m, compared with its prior forecast of at least $6.1m.
It compares with last year’s ebitdaf of $4.5m.
The upgrade is attributed to improved care suite sales at Ranfurly Manor, with occupancy now at 95%, occupancy at Nelson Street now above 92%, and group care occupancy sitting at about 94%.
“This outcome represents a year of consistent execution and strengthened operating performance across the portfolio,” the company said.
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Fri 13 Feb 2026 10:54:39pm
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