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>Port of Tauranga (POT) will likely report a strong 1H26 result on Friday, 27 February 2026.</li><li>Recent initiatives, including the contract renewal with key shipping line customer Maersk, the exit from operational control of Metroport, and the doubling of the infrastructure levy, all took effect from 1 December 2025.</li><li>With volume growth constrained until completion of the berth extension, we view pricing as the primary earnings lever over the medium term.</li></ul>

Port of Tauranga (POT) will likely report a strong 1H26 result on Friday, 27 February 2026.Recent initiatives, including the contract renewal with key shipping line customer Maersk, the exit from operational control of Metroport, and the doubling of the infrastructure levy, all took effect from 1 December 2025.With volume growth constrained until completion of the berth extension, we view pricing as the primary earnings lever over the medium term.

Port Of Tauranga - 1H26 Preview—Piering Ahead