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>Donald Trump's 'Liberation Day' tariffs will impact Rakon's US operations, affecting about 1%-2% of total revenue but remain manageable due to high gross margins.</li><li>Rakon is seeking exemptions and clarifications while maintaining its FY25 EBITDA guidance in the lower half of the NZ$5m to NZ$15m range.</li><li>Rakon's strategic adaptations include possible production shifts to minimize tariff costs, with potential competitive advantages due to varying tariff rates among international competitors.</li></ul>

Donald Trump's 'Liberation Day' tariffs will impact Rakon's US operations, affecting about 1%-2% of total revenue but remain manageable due to high gross margins.Rakon is seeking exemptions and clarifications while maintaining its FY25 EBITDA guidance in the lower half of the NZ$5m to NZ$15m range.Rakon's strategic adaptations include possible production shifts to minimize tariff costs, with potential competitive advantages due to varying tariff rates among international competitors.

Rakon Limited - US Liberation Day Tariffs Impact

Rakon Ltd

Rakon Limited - US Liberation Day Tariffs Impact