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>Pacific Edge (PEB) has announced a NZ$24m equity raise and its preliminary FY26 results.</li><li>The raise should be sufficient to cover PEB's FY27 cash burn (targeting ~-NZ$2.5m per month), and importantly PEB is still expecting a draft decision from Novitas by September 2026.</li><li>If PEB is to regain coverage it has indicated a key focus on profitability, rather than growth at all costs.</li></ul>

Pacific Edge (PEB) has announced a NZ$24m equity raise and its preliminary FY26 results.The raise should be sufficient to cover PEB's FY27 cash burn (targeting ~-NZ$2.5m per month), and importantly PEB is still expecting a draft decision from Novitas by September 2026.If PEB is to regain coverage it has indicated a key focus on profitability, rather than growth at all costs.

Pacific Edge Bridging Until the Diagnosis