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>Spark NZ (SPK) has announced (1) a strategic review of its newly formed Digital Services division, (2) a reiteration of FY26 guidance, and (3) management changes.</li>
<li>SPK’s FY26 guidance reiteration will be welcome news to the market, but the quality of its EBITDA and free cash flow will be important and not revealed until its result on 20 August 2026.</li>
<li>We are broadly in the mid-points of SPK’s EBITDA (NZ$1.01bn–$1.04bn) and free cash flow (NZ$290m–$330m) guidance ranges.</li>
</ul>


Spark NZ (SPK) has announced (1) a strategic review of its newly formed Digital Services division, (2) a reiteration of FY26 guidance, and (3) management changes.
SPK’s FY26 guidance reiteration will be welcome news to the market, but the quality of its EBITDA and free cash flow will be important and not revealed until its result on 20 August 2026.
We are broadly in the mid-points of SPK’s EBITDA (NZ$1.01bn–$1.04bn) and free cash flow (NZ$290m–$330m) guidance ranges.


Spark NZ (SPK): Strategic Review and Guidance Reiteration

Spark New Zealand

Spark NZ (SPK): Strategic Review and Guidance Reiteration