Spark New Zealand Ltd Ord (NZTCF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Spark New Zealand H1 26 results. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to Ms. Jolie Hodson, CEO. Please go ahead. Thank you. Kia ora koutou katoa. Good morning and thank you for joining us today for SPARC's half-year results for the period ending 31 December 2025. This morning I'll provide an overview of our performance and progress we've made under our new SPARC 30 strategy. I'll then hand over to our CFO, Stuart Taylor, who will take you through the financials in more detail before we open for questions. Before turning to the results, a brief word on the broader operating environment. For the first half, the New Zealand economy showed signs of finding its footings. While conditions were still mixed, consumer activity improved and there was a growing sense of stability as the period progressed. That backdrop supports the progress we're seeing in our business, particularly in consumer, and gives us confidence as we move into the second half. With that context, I'll turn to slides three and four to summarise our financial performance. So in terms of the difference between our reported and adjusted results, adjusted revenue and EBITDA include the data centre business for both H1 FY26 and H1 FY25. Adjusted EBITDA excludes 9 million of DC sale transaction costs in H126, which will form part of the gain on sale calculation to be reported in FY26, and the SPARC 30 transformation costs incurred in half 1 FY25. I'm now going to speak to our adjusted numbers, as these provide the best like-for...