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) reported a solid overall FY26 result.</li><li>CDC indicated it is acquiring further power and land to expand its portfolio (&gt;1GW expansion) to meet customer demand, and its additional contracting discussions are progressing well with signings expected over 1H27 for medium/large scale deployments (hundreds of MWs).</li><li>Longroad has acquired a ~2.8GW solar and storage project (with a PPA in place) and increased its targeted OpCo run-rate to US$1bn by 2029/2030.</li></ul>

Infratil (IFT) reported a solid overall FY26 result.CDC indicated it is acquiring further power and land to expand its portfolio (&gt;1GW expansion) to meet customer demand, and its additional contracting discussions are progressing well with signings expected over 1H27 for medium/large scale deployments (hundreds of MWs).Longroad has acquired a ~2.8GW solar and storage project (with a PPA in place) and increased its targeted OpCo run-rate to US$1bn by 2029/2030.

Infratil (IFT): FY26 Result—Initial Impressions