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.

Thematic (Sector/Industry)

<div><div><div><div><ul><li>NZ's listed technology sector outperformed the broader market by +9% in the December 2024 quarter and +32% during 2024.</li><li>Global technology markets also enjoyed a buoyant 2024, underpinned by investor optimism around the benefits of artificial intelligence (AI).</li><li>Looking ahead, we explore four significant themes poised to define the technology industry in 2025. </li></ul></div></div></div></div>

NZ's listed technology sector outperformed the broader market by +9% in the December 2024 quarter and +32% during 2024.Global technology markets also enjoyed a buoyant 2024, underpinned by investor optimism around the benefits of artificial intelligence (AI).Looking ahead, we explore four significant themes poised to define the technology industry in 2025. 

Forsyth Barr Technology Digest Edition 9 — Agentic, AGI and Quantum Worlds

<div><div><div><div><ul><li>The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.</li><li>Gentrack's (GTK) share price continued its rapid ascent after it reported strong revenue growth in 1H24 and upgraded FY24 guidance.</li><li>Meanwhile, mid-caps Serko (SKO) and EROAD (ERD) reported robust FY24 results that were in line with guidance. </li></ul></div></div></div></div>

The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.Gentrack's (GTK) share price continued its rapid ascent after it reported strong revenue growth in 1H24 and upgraded FY24 guidance.Meanwhile, mid-caps Serko (SKO) and EROAD (ERD) reported robust FY24 results that were in line with guidance. 

Forsyth Barr Technology Digest - Edition 7 — Reporting Season Wrap Up

<ul><li>The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand and around the globe.</li><li>We focus on three industry segments: Software &amp; Services, Technology hardware, and Semiconductors and equipment.</li><li>We aim to showcase what NZ technology is doing, provide updates on recent news at a company and technology level, present stock performance, and show relevant ratios.</li></ul>

The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand and around the globe.We focus on three industry segments: Software &amp; Services, Technology hardware, and Semiconductors and equipment.We aim to showcase what NZ technology is doing, provide updates on recent news at a company and technology level, present stock performance, and show relevant ratios.

Forsyth Barr Technology Digest - Edition 5 — Layoffs Resume

<ul><li>The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand, Australia and the globe.</li><li>We focus on three industry segments: Software &amp; Services, Technology hardware, and Semiconductors &amp; equipment</li><li>We aim to showcase what New Zealand technology is doing, update on recent news at a company and technology level, display stock performance, show relevant ratios and provide a brief snapshot of each technology company across New Zealand and Australia. </li></ul>

The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand, Australia and the globe.We focus on three industry segments: Software &amp; Services, Technology hardware, and Semiconductors &amp; equipmentWe aim to showcase what New Zealand technology is doing, update on recent news at a company and technology level, display stock performance, show relevant ratios and provide a brief snapshot of each technology company across New Zealand and Australia. 

Forsyth Barr: Technology Digest Edition 1 — AI Hitting the Mainstream

Equity Bottom-Up

<ul><li>The December 2025 quarter saw five of the six tech names under our coverage report results.</li><li>During the period, we upgraded Gentrack (GTK) to OUTPERFORM despite a somewhat underwhelming FY25 result, with our thesis supported by the announcement of a strong potential contract pipeline and continued platform progress.</li><li>Over the quarter, the S&amp;P/NZX IT Index fell ~-17%, materially underperforming the NZX50, which rose ~+2%.</li></ul>

The December 2025 quarter saw five of the six tech names under our coverage report results.During the period, we upgraded Gentrack (GTK) to OUTPERFORM despite a somewhat underwhelming FY25 result, with our thesis supported by the announcement of a strong potential contract pipeline and continued platform progress.Over the quarter, the S&amp;P/NZX IT Index fell ~-17%, materially underperforming the NZX50, which rose ~+2%.

Forsyth Barr Technology Digest Edition 13—Tech Falls Out Of Sync With Markets

New Zealand

Serko Ltd operates as an online corporate travel booking and expense management company.

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Serko Ltd (SKO NZ)

Forsyth Barr Technology Digest Edition 9 — Agentic, AGI and Quantum Worlds

Global technology markets also enjoyed a buoyant 2024, underpinned by investor optimism around the benefits of artificial intelligence (AI).

Forsyth Barr

Forsyth Barr Technology Digest - Edition 7 — Reporting Season Wrap Up

The June 2024 quarter was eventful for New Zealand's listed technology sector, with nine companies reporting results in May.

Forsyth Barr

Forsyth Barr Technology Digest - Edition 5 — Layoffs Resume

The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand and...

Forsyth Barr

Forsyth Barr: Technology Digest Edition 1 — AI Hitting the Mainstream

The Forsyth Barr Technology Digest provides a snapshot of recent information relevant to the listed technology industries across New Zealand,...

Forsyth Barr

Forsyth Barr Technology Digest Edition 13—Tech Falls Out Of Sync With Markets

The December 2025 quarter saw five of the six tech names under our coverage report results.During the period, we upgraded Gentrack (GTK) to...

Forsyth Barr

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