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

<ul><li>Genesis Energy (GNE) reported a good 1H25 result, with a strong 2Q25 helping to offset the damage from the dry winter in 1Q25.</li><li>Looking ahead, there is no guidance change, unsurprising given the uncertain hydrology situation. </li><li>GNE's FY28 targets are maintained, implying strong EBITDAF growth. But biomass appears to be more expensive than previously envisaged. </li></ul>

Genesis Energy (GNE) reported a good 1H25 result, with a strong 2Q25 helping to offset the damage from the dry winter in 1Q25.Looking ahead, there is no guidance change, unsurprising given the uncertain hydrology situation. GNE's FY28 targets are maintained, implying strong EBITDAF growth. But biomass appears to be more expensive than previously envisaged. 

Genesis Energy - Amped Up Ambition—1H25 Result