Channel Infrastructure NZ Limited

Overview

Channel Infrastructure is New Zealand’s leading independent fuel infrastructure company, based at Marsden Point, in Northland. Channel Infrastructure primarily acts as an import terminal for the fuel needed to power New Zealand’s economy. On behalf of its customers, the company receives, stores, tests and distributes transport fuels safely, reliably, and efficiently to the Northland and Auckland markets.

Performance

The following information was extracted from Channel Infrastructure NZ Limited's Half Year Results, released on 28 August 2026:

Channel delivers strong HY26 result, with contracted growth supporting earnings outlook

Channel Infrastructure NZ Limited (NZX: CHI, ASX: CHI), New Zealand’s largest fuel import terminal business, has today released its financial results for the six months ended 30 June 2026 (HY26). Key highlights include:

• Strong HY26 financial result, with revenue up 4% to $72.9 million and EBITDA of $48.8 million

• Normalised Free Cash Flow from operations was $33.6 million, down from $35.2 million reflecting phasing of maintenance capital expenditure. Maintenance capex remains on track for 8-10% of revenue for FY26

• FY26 EBITDA guidance upgraded to $103 – $108 million, from May upgrade of $97 – $105 million

• Interim dividend increased 16% to 7.25 cents per share up from 6.25 cents per share in HY25

• World-class operational performance maintained through a period of disruption to global fuel supply markets, with pipeline and tank availability of 99%

• An additional 123 million litres of jet and diesel storage brought into service, increasing in-service storage at Marsden Point by approximately 40%. The 93 million litre New Zealand Government diesel storage project was delivered safely, on time, and on budget in just nine weeks

• Further contracted earnings growth expected in FY27 as a result of full-year contributions from recently completed growth projects

• US$5.95 million sale and removal of fully decommissioned CCR Platformer unit as part of critical enabling works for Marsden Point Biorefinery. Given the global environment the consortium’s equity raising process is taking longer than originally anticipated and credible potential equity providers remain actively engaged and due diligence is well progressed, however, the timing of Final Investment Decision will likely now extend into 2027