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Air NZ CEO promises ‘fulsome’ strategy review, bemoans costs
Will Mace
Thu, 26 Feb 2026
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Thu 26 Feb 2026 01:31:48am
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Thu 26 Feb 2026 01:31:48am
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TruScreen drops full-year sales revenue guidance after delays
New Zealand cervical cancer screening device company TruScreen has reported that FY26 sales revenue is expected to be around $2.4 million, down 41% from the $2.8m earlier forecast.
The TruScreen board said the variance was mainly due to delayed payment of a signed sales contract from Uzbekistan and a delay in its validation programme in Zimbabwe which has deferred the anticipated order of 10,000 units until FY27.
Total revenue for FY26 is expected to be $2.7m, a 28% increase on the previous year.
The group expects to report a loss of $2.2m similar to the prior year, reflecting additional market access development costs.
TruScreen markets a cervical cancer testing device that uses opto-electronics technology acquired from the former ASX-listed company Polartechnics.
It raised just over $4m last year at 2.2 cents per share after the board warned it may not survive without more cash. It shares have dropped more than 40% in the past year to now trade at 1.8 cents per share.
Profits rise at Heartland Group
Listed reverse mortgage provider Heartland Group has reported a material rise in profit amid strong growth in New Zealand and Australia.
Its net profit in the six months ended December was $48.8 million, up from $3.6m during the previous period, boosted by a lower impairment expense on bad debts in New Zealand and overall lending growth.
Revenue rose 13% to $175.3m.
Notably the net interest margin rose 51 basis points to 3.92%. Heartland expects underlying net profit of at least $85m in FY26.
In the latest period, operating expenses remained steady, while Heartland Bank in New Zealand and Heartland Bank Australia reported growth in gross finance receivables, as well as gains in livestock finance over the Ditch.
An interim dividend of 3.5 cents per share was declared, up from 2cps the previous period.
Me Today issues interim earnings and updates guidance
Me Today reported revenue of $2.55 million for the 12 months through to December 31, up from $2.15m the previous year. The NZX-listed health and wellness retailer recorded a loss from continuing operations of $902,000, which was an improvement on the $1.48m loss recorded last year. It reported a net profit of $3.22m, which included a gain of $4.1m on the disposal of the King Honey business in July last year. For the 2026 financial year, the business expects full-year gross revenue to exceed $6.5m and an ebitda loss of less than $1.7m. The company said it had an opportunity to expand into Southeast Asia and was in discussions with a local distributor. A launch into Singapore and Malaysia this year was also under consideration, followed by Thailand and Vietnam in 2027.
Precinct in ‘negotiation’ for sale of PwC Tower
Listed developer Precinct Properties says it's in "exclusive negotiation" with a global institutional investor on a joint venture to acquire PwC Tower. The 39-storey tower, the office component of Auckland's $1 billion Commercial Bay, is home to about 20 major office tenants. Announcing its half-year results to December, it said it had settled the purchase of Wellington's Amora hotel, and had also sold the Intercontinental Hotel at One Queen and 22 Stanley Street student accommodation site after its balance date. It had also settled the purchase of Auckland's Downtown car Park, while committing to the $205 million purchase of the ASB North Wharf building from Kiwi Property. Chief executive Scott Pritchard said the company's office portfolio had delivered funds from operations (FFO) growth of 3% on a like-for-like basis, adjusting for occupancy movements and one-off income. Commercial Bay retail had also seen a 2.5% increase in FFO. Its build-to-sell pipeline was at $1.5b, it said.
Discovery acquisition boosts Sky TV’s interim results
Several one-off items have helped to boost Sky TV's bottom line for its first half. The company posted a net profit of $52.4m for the six months ended December, compared with a $1.7m loss in the same period a year ago. The result was largely due to a $34.4m gain in the value of its Discovery NZ acquisition, as well as compensation from its satellite migration. The company’s underlying profit rose to $19.3m over the period from $10.9m in the prior period. Revenue was up 8% to $415.4m, although this included contributions from the Discovery acquisition. Chief executive Sophie Moloney said the first half marked an important step forward for Sky, and the acquisition of Discovery had significantly broadened its share of the linear TV advertising market. The board declared an interim dividend of 15 cents per share. The company expects full-year revenue of between $820m and $835m, ebitda between $145m and $160m, and capex of between $62m and $68m.
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Thu 26 Feb 2026 01:27:19am
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