New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

Equity Bottom-Up

<ul><li>PaySauce’s (PYS) largely pre-released 1H26 showed progress on the controllables, but slowing NZ growth ahead of its pending launch into Australia.</li><li>The mix of revenues shifted toward processing fees as interest income continued to decline, reflecting ongoing OCR cuts.</li><li>The Australian commercial launch in February 2026 will be of key interest at FY26.</li></ul>

PaySauce’s (PYS) largely pre-released 1H26 showed progress on the controllables, but slowing NZ growth ahead of its pending launch into Australia.The mix of revenues shifted toward processing fees as interest income continued to decline, reflecting ongoing OCR cuts.The Australian commercial launch in February 2026 will be of key interest at FY26.

PaySauce Fees Feed the Sauce—Rates Not So Tasty

Vista Group International / Equity Bottom-Up

<ul><li>The September 2025 quarter was another busy period for New Zealand’s listed technology sector, with several companies releasing earnings and trading updates.</li><li>VGL was the only large-cap NZ tech stock under coverage to report during the September 2025 quarter.</li><li>Despite earnings downgrades, Vista Group (VGL) is now our preferred large-cap pick.</li></ul>

The September 2025 quarter was another busy period for New Zealand’s listed technology sector, with several companies releasing earnings and trading updates.VGL was the only large-cap NZ tech stock under coverage to report during the September 2025 quarter.Despite earnings downgrades, Vista Group (VGL) is now our preferred large-cap pick.

Forsyth Barr Technology Digest Edition 12—Payments To Take The Stage

New Zealand

PaySauce Ltd designs and develops software solutions. The Company offers a solutions for payroll, payday filling, costing, timesheets, automation, leaves, and reports. PaySauce serves charities, accountants, manufacturers, and retail and technology sectors. PaySauce serves customers in New Zealand.

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PaySauce Ltd (PYS NZ)

PaySauce Fees Feed the Sauce—Rates Not So Tasty

PaySauce’s (PYS) largely pre-released 1H26 showed progress on the controllables, but slowing NZ growth ahead of its pending launch into...

Forsyth Barr

Forsyth Barr Technology Digest Edition 12—Payments To Take The Stage

The September 2025 quarter was another busy period for New Zealand’s listed technology sector, with several companies releasing earnings and...

Forsyth Barr

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)