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 Materials / Thematic (Sector/Industry)

<ul><li>After a stable start to the year, ready-mix concrete production (RMC) fell in the June 2025 quarter, with volumes -6% below the March quarter (on a seasonally adjusted basis) and -10% on the prior year.</li><li>FBU has started to release quarterly volume data, which include Firth ready-mix concrete volumes.</li><li>Vulcan Steel (VSL) recently outlined its initial expectations for steel volumes in FY26.</li></ul>

After a stable start to the year, ready-mix concrete production (RMC) fell in the June 2025 quarter, with volumes -6% below the March quarter (on a seasonally adjusted basis) and -10% on the prior year.FBU has started to release quarterly volume data, which include Firth ready-mix concrete volumes.Vulcan Steel (VSL) recently outlined its initial expectations for steel volumes in FY26.

Building Sector Ready-Mix Concrete—2Q Blues