New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Capital goods / Thematic (Sector/Industry)

<ul><li>Residential consents -4.0% mom seasonally adjusted and +25.0% yoy (previously +11.1%/+49.7% respectively), with 12m rolling up +18.5% yoy to 39.7k.</li><li>Fletcher Building (FBU) upgraded its FY26 continuing operations EBIT guidance (excluding one-off property sales) to NZ$348351m, up c.3.6% at the midpoint, following a strong finish to FY26.</li><li>Fast Track has approved 27 projects worth c.NZ$16b so far.</li></ul>

Residential consents -4.0% mom seasonally adjusted and +25.0% yoy (previously +11.1%/+49.7% respectively), with 12m rolling up +18.5% yoy to 39.7k.Fletcher Building (FBU) upgraded its FY26 continuing operations EBIT guidance (excluding one-off property sales) to NZ$348351m, up c.3.6% at the midpoint, following a strong finish to FY26.Fast Track has approved 27 projects worth c.NZ$16b so far.

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