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Genesis announces $400m capital raise
NBR Staff
Mon, 23 Feb 2026
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Sun 22 Feb 2026 08:49:22pm
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Sun 22 Feb 2026 08:49:22pm
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Fisher & Pakyel Healthcare boosts revenue, profit guidance
Listed respiratory healthcare company Fisher & Paykel Healthcare has updated its revenue and earnings guidance for the 2026 financial year after good growth across its full range of Hospital products during the second half.
It has boosted full-year guidance for operating revenue to $2.3 billion from a range of $2.17b to $2.27b previously, and full-year net profit to in the range of $450m to $470m from the prior range of $410m to $460m.
The updated guidance doesn’t include any potential refund of US tariffs paid to date during the 2026 financial year.
It’s still assessing the impact of the US Supreme Court announcing it has invalidated tariffs imposed by the US administration under the International Emergency Economic Powers Act, saying there were still uncertainties around the ruling.
A tariff update will be provided at the company’s full-year results in May. The impact of the 15% US tariff on hospital products sourced from NZ was 32 basis points in the first half.
Comvita reports half-year growth
Comvita reported a improved set of results for the six months through to December 31, 2025.
The NZX-listed honey and wellness company reported revenue up 18.3% to $118 million from $99.7m, and a net profit after tax of $4.6m compared with a net loss of $6.5m year on year.
Meanwhile, net debt reduced $32.9m to $48.7m and inventory reduced $52.5m to $68.3m.
Comvita chair Bridget Coates said the first half reflect clear progress in "stabilising" the business while recognising the work still ahead.
The trading update reported Comvita’s board had received credible expressions of interest from both existing and prospective investors to support and potentially underwrite the capital raise. "This includes interest from an offshore strategic investor in the food and beverage sector to underwrite a capital raising at a share price of $0.80 per share and a level materially above the minimum $25 million required to position the company appropriately."
An investor call will be held at 11am.
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Sun 22 Feb 2026 08:49:25pm
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