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>Kraken grew contracted accounts +28% year-on-year to 95m in FY26 and is ‘closing in’ on its FY27 100m target.</li><li>Kraken reported revenue of £300m for FY26, up +21% year-on-year, with 75% of customers on multi-product offerings as at FY26.</li><li>EBITDA declined to -£9m for FY26 (versus £62m the year prior), citing migration delivery costs related to bringing contracted customer accounts online.</li></ul>

Kraken grew contracted accounts +28% year-on-year to 95m in FY26 and is ‘closing in’ on its FY27 100m target.Kraken reported revenue of £300m for FY26, up +21% year-on-year, with 75% of customers on multi-product offerings as at FY26.EBITDA declined to -£9m for FY26 (versus £62m the year prior), citing migration delivery costs related to bringing contracted customer accounts online.

Gentrack

Gentrack (GTK) - Kraken FY26 Results