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>Gentrack (GTK) has this morning released a disappointing guidance update, releasing a FY26 revenue guidance range of between NZ$229m—NZ$238m.</li><li>Full year EBITDA of NZ$13.5m to NZ$20m is expected for FY26 (~NZ$7.8m in 1H26).</li><li>The release also outlined intentions to undertake an on-market share buyback, with GTK acquiring up to a value of NZ$20m across a period of 12-months.</li></ul>

Gentrack (GTK) has this morning released a disappointing guidance update, releasing a FY26 revenue guidance range of between NZ$229m—NZ$238m.Full year EBITDA of NZ$13.5m to NZ$20m is expected for FY26 (~NZ$7.8m in 1H26).The release also outlined intentions to undertake an on-market share buyback, with GTK acquiring up to a value of NZ$20m across a period of 12-months.

Gentrack (GTK) - Disappointing Market Update

Gentrack Group

Gentrack (GTK) - Disappointing Market Update