Spark New Zealand : 2026 Interim Financial Statements (Spark Finance Interim Financial Statements 2026)

About this update from Spark New Zealand Limited

SPARK FINANCE LIMITED Interim financial statements For the six months ended 31 December 2025 Directors' report 2 Financial statements 3-5 Notes to the financial statements 6-7 Contact details 8 These interim financial statements do not include all the notes and information normally included in the annual financial statements. Accordingly, they should be read in conjunction with the annual financial statements for the year ended 30 June 2025. Directors' report Spark Finance Limited ('Spark Finance' or 'the Company') is a wholly-owned subsidiary of Spark New Zealand Limited ('Spark New Zealand' and together with its subsidiaries, the 'Spark New Zealand Group'). Principal activities The principal activity of Spark Finance is that of a finance company for the Spark New Zealand Group and was incorporated in 1991. Spark Finance raises debt funding in New Zealand and internationally. The majority of these funds are then advanced to other members of the Spark New Zealand Group in order to assist in funding their operations. Principal risks The key risks to Spark Finance are currency, interest rate, credit and liquidity risks. A summary of these risks and Spark Finance's risk management objectives and policies are set out in note 10 in the Company's financial statements for the year ended 30 June 2025. The Directors of Spark Finance do not believe there is any significant financial risk to Spark Finance as financial assets are matched by financial liabilities with similar characteristics. Spark Finance enters into derivative financial instruments in order to manage the currency and interest rate risks associated with its borrowings, as well as to manage the currency risk associated with the operations of the Spark New Zealand Group. As the proceeds of debt are advanced to other members of the Spark New Zealand Group, the ability of Spark Finance to meet its obligations under the debt issues depends upon the payment of principal and interest due from other Spark New Zealand Group companies. Business review Spark Finance recorded net earnings after tax for the six months ended 31 December 2025 of $98 million (31 December 2024: $95 million). The net assets of Spark Finance as at 31 December 2025 were $977 million compared to $1,068 million as at 30 June 2025. The share capital of Spark Finance as at 31 December 2025 is $883 million (30 June 2025: $883 million) consis...

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