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

Equity Bottom-Up

Fisher & Paykel Healthcare Corp / Equity Bottom-Up

<ul><li>F&amp;P Healthcare’s (FPH) ASM update highlighted a positive start to FY26.</li><li>Despite lapping a strong 1H25 period, FPH is guiding to revenue and NPAT growth of +13% and +31% in constant currency (CC) terms.</li><li>FPH was understandably reluctant to provide additional colour on the outlook for FY26, aside from reaffirming its guidance.</li></ul>

F&amp;P Healthcare’s (FPH) ASM update highlighted a positive start to FY26.Despite lapping a strong 1H25 period, FPH is guiding to revenue and NPAT growth of +13% and +31% in constant currency (CC) terms.FPH was understandably reluctant to provide additional colour on the outlook for FY26, aside from reaffirming its guidance.

Fisher & Paykel Healthcare Corp

F&P Healthcare 2025 ASM—Well On Track