SPARK NEW ZEALAND LIMITED (SPK)
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SPK

SPK - SPARK NEW ZEALAND LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 2.51
Index: ASX300 | ALL-ORDS

Spark New Zealand, formerly Telecom New Zealand, provides fixed line, mobile and internet services to New Zealand customers. It has been listed on the ASX and NZX since 1991.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.905

26 Feb
2026

0.005

OPEN

$1.89

0.26%

HIGH

$1.92

1,106,486

LOW

$1.89

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
SPK: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 11.4 xxx
DPS (cps) 14.7 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 16.9 xxx
Dividend Yield 7.7% xxx
Div Pay Ratio(%) 129.1% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 4.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 10.97

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 09/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx12.8
DPS All xxxxxxxxxxxxxxx25.8
Sales/Revenue xxxxxxxxxxxxxxx3,304.7 M
Book Value Per Share xxxxxxxxxxxxxxx74.5
Net Operating Cash Flow xxxxxxxxxxxxxxx613.9 M
Net Profit Margin xxxxxxxxxxxxxxx6.96 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.08 %
Return on Invested Capital xxxxxxxxxxxxxxx7.36 %
Return on Assets xxxxxxxxxxxxxxx5.46 %
Return on Equity xxxxxxxxxxxxxxx16.08 %
Return on Total Capital xxxxxxxxxxxxxxx9.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-62.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx481 M
Long Term Debt xxxxxxxxxxxxxxx1,695 M
Total Debt xxxxxxxxxxxxxxx2,176 M
Goodwill - Gross xxxxxxxxxxxxxxx258 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxxxxx3.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx401.3 M
Capex % of Sales xxxxxxxxxxxxxxx12.14 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,709 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx266 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx81 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

19/02/2026

1

Buy

-

-

Spark New Zealand's 1H26 result provided the first signs of stabilisation in the business after 18 months of declining earnings, UBS notes, and this was particularly evident in mobile which accounts for 60% of enterprise value.

Spark reported 1H26 earnings 2% better than UBS' forecast. There were very few negative surprises in the result especially when compared to 1H25.

Key points from the conference call included signs of stabilisation in mobile, broadband gross profit 10% better than expected, and better than expected labour cost savings. UBS retains Buy and a NZ$3.50 target.

FORECAST
UBS forecasts a full year FY26 dividend of 14.33 cents and EPS of 11.64 cents.
UBS forecasts a full year FY27 dividend of 16.12 cents and EPS of 15.23 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

25/02/2026

2

Overweight

-

-

As part of Spark New Zealand's 1H26 update, management confirmed FY26 guidance but offered limited visibility. The analysts now adopt more conservative forecasts pending clearer recovery signals.

While mobile revenue rose 1.6% and cost control remains on track, assesses the broker, IT services revenue fell -20% and broadband connections declined.

The broker trims its FY26 dividend forecast to NZ16cps from NZ17cps, reflecting reduced imputation as a prepaid tax asset is run down. Earnings forecasts are also lowered on softer revenue trends and IT uncertainty.

Jarden retains an Overweight rating and lowers its target to NZ$2.47 from NZ$2.83.

FORECAST
Jarden forecasts a full year FY26 dividend of 14.33 cents and EPS of 10.48 cents.
Jarden forecasts a full year FY27 dividend of 14.33 cents and EPS of 11.82 cents.
Access Extra Coverage Research History >

SPK STOCK CHART

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