Skellerup Holdings was up 10c to an all-time high of $7.30 after reporting a 10% increase in revenue to $390.06m and a 24% rise in net profit to a record $67.68m for the 12 months ending June.

Ever-consistent Skellerup produced record annual earnings but there were mixed messages in a flurry of company results on a flat New Zealand sharemarket.

The S&P/NZX 50 Index was weaker in the afternoon and closed at 13,919.82 points, down 9.85 points or 0.07%.

The main board had 56 gainers and 80decliners, with 37.6 million shares worth $155.22 million changing hands.

Mark Lister, investment director with Craigs Investment Partners, said there were some good results but a few cautious commentaries as well.

“It was pleasing to see Spark going well; it has been such a poor performer and the bar has been low. Spark is starting the 2027 financial year with growing momentum in its core business,” he said.

“NZX has been quietly going about its business and its result was well received. Heartland had a nice uplift in profit, and Skellerup is in a very good position – hardly any debt and no shortage of options [for growth].

“SkyCity’s result was pretty soft, near the bottom of its guidance range, and Auckland Airport’s was a little weaker than expected.”

Lister said some stocks, such as Ebos and a2 Milk, had given back gains from the past couple of days. “The reaction on the day is one thing, but we need to wait for the dust to settle on the reporting season before making a judgment on the state of the market.”

Ebos Group was down 30c to $23.25; a2 Milk decreased 17c or 2.07% to $8.06; Westpac declined $1.27 or 3.06% to $40.25; and ANZ shed $1.48 or 3.27% to $43.78.

Napier Port declined 13c or 3.48% to $3.61; Port of Tauranga was down 12c to $8.18; Tourism Holdings decreased 6c or 2.1% to $2.80; Stride Property shed 4c or 3.57% to $1.08; and Channel Infrastructure eased 7c or 2.09% to $3.28.

Fisher & Paykel Healthcare was up 45c to $42.95; Infratil gained 17c to $15.04; Mercury Energy added 13c or 1.87% to $7.08; Gentrack rose 16c or 4.01% to $4.15; and NZME increased 4c or 3.77% to $1.10.

Skellerup Holdings was up 10c to an all-time high of $7.30 after reporting a 10% increase in revenue to $390.06m and a 24% rise in net profit to a record $67.68m for the 12 months ending June.

A final dividend of 20c a share will be paid on October 16; operating earnings (ebit) of $94.1m, up 14%, industrial ebit of $56.6m, up 17%; and agri division ebit of $39.6m, a rise of 12%, were all records.

Skellerup has net debt of $2m and said, “We were able to overcome significant sourcing challenges arising from the conflict in the Middle East and the impact of fluctuating tariffs.”

Spark increased 13c or 6.44% to $2.15 after reporting a 91.9% rise in net profit to $499m and a 5.6% increase in revenue to $3.949 billion for the year ending June. It is paying a final dividend of 8c a share on October 2.

The leading telco said it delivered a return to mobile service revenue growth, up 1.1% to $998m, strong free cash-flow growth, ongoing cost reduction, and a strengthened balance sheet following completion of the data centre transaction.

Spark provided full-year 2027 ebitdai guidance of $1.01b-$1.08b, free cash flow of $300m-$350m, and capital expenditure of $350m-$380m.

Auckland International Airport was down 13c to $8.75 on trade worth $18.92m after reporting a 3% increase in annual revenue to $1.035b and a 20% fall in net profit to $334.7m. It is paying a final dividend of 6.75c a share on October 2.

The airport is forecasting an underlying net profit of $290m-$330m for the 2027 financial year.SkyCity, up 0.85% to 59.5c, reported a 6.5% increase in annual revenue to $878.9m and a 37.6% fall in net profit to $18.2m as the introduction of carded play and fewer customer visits weighed on earnings, partly offset by a contribution from the NZ International Convention Centre.

“We are becoming a simpler, smarter, and more connected business, actioning further savings to deliver annualised benefits of $30m in full-year 2027,” SkyCity said.

NZX gained 4c or 2.7% to $1.52 on a 13.3% increase in revenue to $76.64m and an 18% rise in profit to $9.84m for the six months ending June. It is paying an interim dividend of 3.2c a share on September 30.

Heartland Group, up 3c or 2.46% to $1.25, met full-year 2026 guidance, with revenue increasing 12.1% to $361.92m and net profit rising 140.2% to $93.22m. It is paying a final dividend of 3.5c a share on September 11.

Underlying return on equity increased 286 basis points to 7.1% and average net interest margin expanded 36 basis points to 3.98%.

Heartland is targeting return on equity of at least 7.5% and net profit of at least $102m for the 2027 financial year.

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter – your essential weekly round-up of all the business news you need.