Spark New Zealand : H2 FY25 Detailed Financials

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Group result - reported Reported revenue, expenses, EBITDAI and NPAT exclude the results of the data centre business which has been classified as a discontinuing operation in the Financial Statements. H1 FY23 $m H2 FY23 $m H1 FY24 $m H2 FY24 $m H1 FY25 $m H2 FY25 $m FY24 $m FY25 $m FY25 vs $m FY24 % Operating revenues and other gains 2,521 1,943 1,956 1,864 1,916 1,809 3,820 3,725 (95) (2.5%) Operating expenses (1,485) (1,269) (1,437) (1,242) (1,510) (1,162) (2,679) (2,672) 7 0.3% EBITDAI 1,036 674 519 622 406 647 1,141 1,053 (88) (7.7%) Finance income 16 16 14 16 15 16 30 31 1 3.3% Finance expense (43) (56) (63) (81) (75) (74) (144) (149) (5) (3.5%) Depreciation and amortisation (244) (251) (244) (268) (293) (297) (512) (590) (78) (15.2%) Net investment income (1) 2 (3) (5) - 2 (8) 2 10 NM Net earnings before income tax 764 385 223 284 53 2G4 507 347 (160) (31.6%) Tax income / (expense) 100 (116) (69) (127) (23) (72) (196) (95) 101 51.5% Net earnings from continuing operations 864 269 154 157 30 222 311 252 (59) (19.0%) Net earnings from discontinuing operations 1 1 2 3 3 5 5 8 3 60.0% Total net earnings for the period 865 270 156 160 33 227 316 260 (56) (17.7%) Capital expenditure excluding spectrum (250) (265) (286) (232) (252) (177) (518) (429) 89 17.2% Reported EBITDAI margin 41.1% 34.7% 26.5% 33.4% 21.2% 35.8% 29.9% 28.3% (1.6pp) Reported effective tax rate (13.1%) 30.1% 30.9% 44.7% 43.4% 24.5% 38.7% 27.4% (11.3pp) Capital expenditure to operating revenues and other gains (9.9%) (13.6%) (14.6%) (12.4%) (13.2%) (9.8%) (13.6%) (11.5%) 2.1pp Reported basic EPS1(cents) from continuing operations 46.1 14.5 8.4 8.7 1.6 12.0 17.0 13.6 (3.4) (20.0%) Reported diluted EPS (cents) from continuing operations 46.0 14.5 8.4 8.8 1.6 12.0 17.0 13.6 (3.4) (20.0%) Reported basic EPS (cents) from discontinuing operations 0.1 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.1 33.3% Reported diluted EPS (cents) from discontinuing operations 0.1 0.1 0.1 0.3 0.2 0.3 0.3 0.4 0.1 33.3% 1Earnings per share Group result - adjusted H1 FY23 $m H2 FY23 $m H1 FY24 $m H2 FY24 $m H1 FY25 $m H2 FY25 $m FY24 $m FY25 $m FY25 vs $m FY24 % Adjusted operating revenues and other gains 1,950 1,958 1,976 1,885 1,939 1,761 3,861 3,700 (161) (4.2%) Adjusted operating expenses (1,440) (1,275) (1,446) (1,252) (1,491) (1,149) (2,698) (2,640) 58 2.1% Adjusted EBITDAI 510 683 530 633 448 612 1,163 1,060 (103) (8.G%)...

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