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

Thematic (Sector/Industry)

New zealand Energy / Thematic (Sector/Industry)

<ul><li>May 2025 saw a shift from dry winter concerns to upcoming political and regulatory decisions, with a Methanex gas deal and moderate rainfall alleviating winter 2025 risks.</li><li>The Ministerial Review and Energy Competition Task Force are anticipated to prompt changes, though they may not significantly impact company valuations.</li><li>Mercury (MCY) remains the preferred investment, trading at a discount relative to its history and peers, with the sector showing resilience despite potential challenges in winter 2026.</li></ul>

May 2025 saw a shift from dry winter concerns to upcoming political and regulatory decisions, with a Methanex gas deal and moderate rainfall alleviating winter 2025 risks.The Ministerial Review and Energy Competition Task Force are anticipated to prompt changes, though they may not significantly impact company valuations.Mercury (MCY) remains the preferred investment, trading at a discount relative to its history and peers, with the sector showing resilience despite potential challenges in winter 2026.

Power Points Water Worries Washed Away—June 2025