• Mobile momentum and cost out return Spark to profit growth in H1 FY26
• Disciplined execution of SPK-30 strategy delivered 1.6% mobile service revenue growth and $51 million in net cost-out
• H1 FY26 dividend of 8 cents per share declared

Spark New Zealand Limited has announced its H1 FY26 results, demonstrating continued performance stabilisation and growing momentum in core connectivity. Reported revenue declined 1.2%, but adjusted revenue declined only 1.1%, with mobile service revenue growing 1.6% and broadband revenue further stabilising with 0.3% growth. The company's cost-out programme delivered $51 million in net savings, driving a 10.3% increase in reported EBITDAI and 30.4% increase in adjusted NPAT. The Board has declared a first half dividend of 8 cents per share and reaffirmed full year guidance. Spark is focused on disciplined execution of its SPK-30 strategy, investing in network, customer experience, and sustainability initiatives to maintain market momentum and efficiency. The company continues to make progress towards its emissions reduction target and supporting digital inclusion through its Skinny Jump product.

Spark reaffirmed FY26 guidance for adjusted EBITDAI of $1,010 million to $1,070 million, free cash flow of $290 million to $330 million, and BAU capital expenditure of $380 million to $410 million, plus $55 million in strategic capital expenditure for data centres.

Spark remains focused on disciplined execution of its SPK-30 strategy, investing in network, customer experience, and sustainability initiatives to maintain market momentum and efficiency. The company plans to add over 100 additional cell site builds and upgrades, revamp its international roaming experience, and launch satellite-to-mobile services in the coming six months.