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>Infratil (IFT) delivered a solid 1H26 result, with Longroad the key positive.</li><li>Longroad increased FY26 guidance by +9% at the midpoint, implying growth of +180% on FY25.</li><li>To further streamline its portfolio, IFT announced the sale of its 20% stake in Fortysouth and a legacy property asset for a combined ~NZ$260m—a small positive.</li></ul>

Infratil (IFT) delivered a solid 1H26 result, with Longroad the key positive.Longroad increased FY26 guidance by +9% at the midpoint, implying growth of +180% on FY25.To further streamline its portfolio, IFT announced the sale of its 20% stake in Fortysouth and a legacy property asset for a combined ~NZ$260m—a small positive.

Infratil 1H26 Result—Reaching The Turn On Longroad