Spark New Zealand holds fiscal 2027 outlook after first-quarter update

Spark New Zealand has kept its outlook for fiscal 2027 unchanged, following a shareholder update in November 2026 on the first three months of the year under its five-year SPK-30 strategy. The company said mobile service revenue rose, helped by strong customer demand, new device offers and improved connectivity propositions. It also reported a 40 per cent year-on-year increase in iPhone 18 Pro and Pro Max acquisitions.

On sustainability, Spark said Scope 1 and 2 emissions in fiscal 2026 were down 59 per cent from the fiscal 2020 baseline, ahead of its fiscal 2030 reduction target of 56 per cent. RTTNews reported that Spark shares on the NZSE were up 0.96 per cent in Monday trading, at NZ$2.1000.

The update follows fiscal 2026 results published in August, for the year to 30 June, according to an ainvest.com analysis. The analysis said adjusted revenue was flat, EBITDA declined and free cash flow rose to NZ$308 million. It put the ordinary dividend for fiscal 2026 at 16 cents a share, split between an 8 cent interim and an 8 cent final payment.

Ainvest also pointed to competitive pressure in satellite, noting that rival One NZ has launched a Starlink direct-to-smartphone service covering roughly 40 per cent of New Zealand's territory beyond the reach of base towers. It said Spark needs to respond to protect its rural growth options, and that its data centre and satellite operations remain small relative to the core consumer and business telecommunications business.