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>We approach Infratil (IFT) 1H25 result on Thursday, 14 November with a heightened degree of uncertainty. </li><li>IFT's largest EBITDAF contributor is One NZ. We see it as overall better placed than its peer, Spark NZ (SPK), but there is a risk that some of the headwinds SPK is facing, specifically with corporate mobile, has impacted One NZ as well.</li><li>For IFT's largest portfolio company, Canberra Data Centre (CDC), expectations have reached fever pitch. </li></ul>

We approach Infratil (IFT) 1H25 result on Thursday, 14 November with a heightened degree of uncertainty. IFT's largest EBITDAF contributor is One NZ. We see it as overall better placed than its peer, Spark NZ (SPK), but there is a risk that some of the headwinds SPK is facing, specifically with corporate mobile, has impacted One NZ as well.For IFT's largest portfolio company, Canberra Data Centre (CDC), expectations have reached fever pitch. 

Infratil - 1H25 Preview — Contracts and Competition

Infratil Ltd

Infratil - 1H25 Preview — Contracts and Competition