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>Ready-mix concrete (RMC) production ended 2025 strongly after a mid-year dip, but volumes still finished the year down -5%.</li><li>RMC volumes continue to highlight that Fletcher Building (FBU) has grown market share in its concrete businesses, Firth and Golden Bay.</li><li>FBU, Vulcan Steel (VSL), and Steel &amp; Tube (STU) are set to report 1H26 results during the upcoming reporting season.</li></ul>

Ready-mix concrete (RMC) production ended 2025 strongly after a mid-year dip, but volumes still finished the year down -5%.RMC volumes continue to highlight that Fletcher Building (FBU) has grown market share in its concrete businesses, Firth and Golden Bay.FBU, Vulcan Steel (VSL), and Steel &amp; Tube (STU) are set to report 1H26 results during the upcoming reporting season.

Building Sector Ready-Mix Concrete—Not Yet Set