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) used its 2025 Strategy Day to reiterate confidence in its long-term growth trajectory, providing expanded detail but little materially new information.</li><li>GTK sees itself as well placed to benefit from the substantial modernisation cycle under way in global energy, water, and airport software.</li><li>The stock has risen materially since its FY25 results (+36%), as the market places greater emphasis on conversion of the pipeline opportunities, likely in the latter part of FY26.</li></ul>

Gentrack (GTK) used its 2025 Strategy Day to reiterate confidence in its long-term growth trajectory, providing expanded detail but little materially new information.GTK sees itself as well placed to benefit from the substantial modernisation cycle under way in global energy, water, and airport software.The stock has risen materially since its FY25 results (+36%), as the market places greater emphasis on conversion of the pipeline opportunities, likely in the latter part of FY26.

Gentrack

Gentrack Strategy Day 2025