FY 2026 Earnings Summary Revenue (FY 2026 vs. FY 2025): NZ$3,949m vs. NZ$3,725m (up 6.0%) Net Income from Continuing Operations (FY 2026 vs. FY 2025): NZ$486m vs. NZ$252m (up 92.9%) Basic EPS (FY 2026 vs. FY 2025): NZ$0.257142 vs. NZ$0.136437 (up 88.5%) Net Profit Margin (Last 12 Months vs. Prior 12 Months): 12.3% vs. 6.8% (material improvement in profitability) <\/p>\n
Prefer clean charts instead of another wall of financial tables and commentary? See Spark New Zealand\u2019s full valuation picture at a glance in our company report for Spark New Zealand.<\/a><\/p>\n Bulls argue that Spark New Zealand\u2019s refocus on core connectivity, plus cost and efficiency work, should turn mobile leadership into stronger earnings and cash generation. The FY26 numbers partly validate that. Mobile service revenue returned to growth at NZ$998m and ARPU in consumer and SME rose about 3.6% even while connections stayed broadly flat. Market share losses in mobile slowed, and Spark still holds the top position by service revenue share. On the efficiency side, productivity benefits reached NZ$40m in FY26, with NZ$101m saved since FY24 against a NZ$150m to NZ$180m FY30 target. Free cash flow rose to NZ$308m and fully covered the NZ$0.16 per share dividend. Net debt fell after the data center sale. These are real milestones, although adjusted EBITDA at NZ$1.035b still edged down, so the earnings uplift case is not fully proven yet.<\/p>\n Bear case tests on margins, legacy drag and review <\/p>\n The bear narrative focuses on margin pressure, legacy revenue decline and uncertainty around Digital Services. The FY26 print gives those concerns some backing. Adjusted EBITDA slipped 2.4% to NZ$1.035b despite productivity gains, reflecting mix shift away from higher margin legacy voice and fewer months of data center contribution. Business connectivity revenue fell about 9.9% and broadband connections declined 4.9% in a very price competitive market. Digital Services revenue eased 3.4% to NZ$372m and is now classified as \u201cbeyond the core\u201d with a formal review that may or may not lead to a transaction. That reinforces the idea that this unit is not pulling its weight yet. On the other hand, adjusted NPAT of NZ$225m was broadly flat and free cash flow grew, which tempers fears of immediate financial stress and supports the reset dividend at the current NZ$0.16 per share level.<\/p>\n See how Spark New Zealand\u2019s higher net profit margin, mobile service gains and cash generation compare with market expectations with the consensus price target analysis for Spark New Zealand<\/a>. Stay Ahead With Simply Wall St <\/p>\n If Spark New Zealand\u2019s improved net profit margin and low P\/E have you interested but still weighing your entry timing, register for free with Simply Wall St and add it to a Watchlist<\/a> to track price against fair value and watch how the thesis evolves. Once you own the stock, use the Portfolio Command Center<\/a> to cut through noise and focus on essential events, valuation changes and earnings updates across all your holdings. For the longer term, tap into the Community<\/a> to see how other investors are thinking about Spark New Zealand and similar stocks. This helps you surface potential catalysts and risks earlier so you can stay ahead of the market.<\/p>\n Seeking Alternatives Beyond Spark New Zealand <\/p>\n Fresh stock ideas can move from quiet accumulation to full breakout faster than most investors react. Scan what is flying under the radar for now and get in early.<\/p>\n This article by Simply Wall St is general in nature. We provide commentary based on historical data New: Manage All Your Stock Portfolios in One Place<\/p>\n We’ve created the ultimate portfolio companion for stock investors, and it’s free.<\/p>\n \u2022 Connect an unlimited number of Portfolios and see your total in one currency Try a Demo Portfolio for Free<\/a><\/p>\n Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Spark New Zealand stock went into this result on a tear, up around 17% over the past month…\n","protected":false},"author":2,"featured_media":4408,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[111,43,139,69],"class_list":["post-576239","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-new-zealand","tag-news","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/576239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=576239"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/576239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/4408"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=576239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=576239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=576239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"NZSE:SPK](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/08\/earnings-and-revenue-history.png\")
<\/a>NZSE:SPK Trailing 12-Month Earnings & Revenue History as at Aug 2026 Spark NZ bull case hinges on cash and mobile <\/p>\n
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