Spark New Zealand Limited

Overview

Spark is New Zealand’s largest telecommunications company with a purpose 'to help all of New Zealand win big in a digital world'.

Spark has a proud history in New Zealand – it was formed in 1987 (as Telecom) out of the telecommunications division of the New Zealand Post Office, a government department. In 1990 Spark became one of the first telcos in the world to be fully privatised. On 30 November 2011, Spark New Zealand demerged into two entirely separate, publicly listed companies; a retail services provider (Spark) and a network services operator (Chorus). Today, Spark has a significant level of operational scale within the New Zealand telecommunications market, with customers ranging from individual New Zealanders and households to small businesses, government, and large enterprise clients. Across all its services – mobile, broadband, digital services, and digital infrastructure – Spark has relevance for almost every New Zealander.

In an increasingly digital world, Spark's products and solutions are only becoming more important and more relevant for New Zealanders and businesses. Data use continues to grow every year, data centre capacity demand is growing off the back of strong AI and cloud uptake, and digital transformation for productivity and efficiency gains remains an investment priority across the public and private sectors.

Spark New Zealand has a five-year strategy, SPK-30, which recognises the scale and pace of technological change that is reshaping customer expectations, ways of working, and the products and services it offers. SPK-30 provides Spark's shareholders with clarity around the business' strategic priorities, and where it will invest to differentiate Spark from its competitors.

At the heart of Spark's strategy is its biggest strength – connecting New Zealanders when and where it matters. From network performance, customer experiences, or the workplace culture of its people – Spark’s FY30 ambition is, it’s better with Spark.

Performance

The following information was extracted from Spark NZ Limited Full Year Results, released on 20 August 2026:

Mobile service revenue returns to growth as Spark advances SPK-30 strategy

• Delivered FY26 results within guidance:

o Reported revenue¹ of $3,949 million increased 6.0%; adjusted revenue of $3,700 million unchanged

o Reported EBITDAI² of $1,295 million increased 23.0%; adjusted EBITDAI of $1,035 million declined 2.4%

o Reported NPAT³ of $499 million increased 91.9%; adjusted NPAT of $225 million declined 0.9%

o BAU capital expenditure was $401 million, flat on FY25

o Free cash flow (FCF) increased 18.5% to $308 million

• First year of SPK-30 strategy execution delivered mobile revenue up 4.4%, mobile service revenue back in growth at +1.1%, and $40 million in productivity benefits

• Completion of data centre transaction returning net debt to targeted levels

• Board declared a final dividend of 8 cents per share, taking the total FY26 dividend to 16 cents per share4, representing 100% of FCF

Spark New Zealand (Spark) today announced its FY26 results, with the first year of its SPK-30 strategy delivering a return to mobile service revenue growth, strong free cash flow growth, ongoing cost reduction, and a strengthened balance sheet following completion of the data centre transaction.

Spark Chair Justine Smyth said “Our SPK-30 strategy reflects clear choices about where Spark can build sustainable competitive advantage and deliver improved shareholder returns over time. We are encouraged by the progress made during this first year of execution, and by the momentum in areas where we have concentrated effort and investment, particularly mobile. “With an 18.5% increase in free cash flow to $308 million, the total FY26 dividend is 16 cents per share4, representing a 100% payout ratio, in line with guidance.