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>Group revenue grew 1%, driven by strong Audio performance, which offset softer-than-expected growth in other segments.</li><li>Operating expenses were 1% lower than the prior period, reflecting the ongoing benefit of cost-saving initiatives implemented in 2025.</li><li>Operating EBITDA grew 11% year-on-year, highlighting revenue growth and continued cost discipline.</li></ul>

Group revenue grew 1%, driven by strong Audio performance, which offset softer-than-expected growth in other segments.Operating expenses were 1% lower than the prior period, reflecting the ongoing benefit of cost-saving initiatives implemented in 2025.Operating EBITDA grew 11% year-on-year, highlighting revenue growth and continued cost discipline.

NZME (NZM) - 1H26 Result First Impressions

NZME Limited

NZME (NZM) - 1H26 Result First Impressions