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>Skellerup (SKL) has upgraded its FY26 NPAT guidance from NZ$57-62m to NZ$64-65m.</li><li>The upgrade has been driven by continued strength across both the industrial and dairy segments with robust demand across its key US end markets (particularly strong across potable water, wastewater, dairy, footwear and marine applications).</li><li>Revised guidance implies 2H26 NPAT up c.+17% on the prior year to c.NZ$35-36m.</li></ul>

Skellerup (SKL) has upgraded its FY26 NPAT guidance from NZ$57-62m to NZ$64-65m.The upgrade has been driven by continued strength across both the industrial and dairy segments with robust demand across its key US end markets (particularly strong across potable water, wastewater, dairy, footwear and marine applications).Revised guidance implies 2H26 NPAT up c.+17% on the prior year to c.NZ$35-36m.

Skellerup Holdings

Skellerup (SKL) | FY26 Guidance Upgrade