6 Aug 2026 / Forsyth Barr MST Access
1H26 Motors Run Cold
AoFrio (AOF) reported a soft 1H26 result, with revenue below our forecast. EBITDA beat our expectations due to the recognition of an R&D tax incentive…
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30 Jul 2026 / Forsyth Barr MST Access
1Q27 Gives and Takes
ikeGPS (IKE)’s 1Q27 update came in weaker than expected, largely reflecting a material miss in Transaction revenue. Despite this, group revenue remained broadly flat year…
8 Jul 2026 / Forsyth Barr MST Access
1Q27 Waiting for Super
PaySauce (PYS) reported a mixed 1Q27 update, with continued processing fee growth driven by ARPU gains but New Zealand customer additions well below expectations. That…
25 Jun 2026 / Forsyth Barr MST Access
Future 1.5 Capital Raise Warms the Outlook
AoFrio (AOF) has now raised ~NZ$9.0m of new equity, strengthening its balance sheet and providing capital to advance key growth initiatives. At its December 2025…
2 Jun 2026 / Forsyth Barr MST Access
FY26 EBITDA Beats, but US Challenges Grow
ArborGen’s (ARB) FY26 result beat our forecast and the reset February 2026 guidance range at the EBITDA line, but the outlook provided was softer than…
2 Jun 2026 / Forsyth Barr MST Access
FY26 AI Pole-Vaults IKE
ikeGPS (IKE) delivered a strong FY26 result, with the key headline metrics already pre-released at its April 4Q26 update. Cost discipline held, with headline operating…
28 May 2026 / Forsyth Barr MST Access
FY26 Pending Progress in Australia
PaySauce (PYS) reported a broadly in-line FY26 result, albeit one that was largely pre-released. FY26 marked a transition year, with the April 2026 launch of…
25 May 2026 / Forsyth Barr MST Access
FY26 Growth by the Book
General Capital Limited (GEN) reported a solid FY26 result, broadly in line with our expectations following its 4Q26 update on 29 April 2026. The result…