Spark New Zealand (ASX:SPK) has disclosed its SPK-30 strategy update and FY26 financial and operational progress in a presentation prepared for the UBS Conference in November 2026, outlining performance across connectivity, digital services, and financial metrics.

Key Points

  • Mobile revenue grew 4.4% in FY26, with mobile service revenue growing 1.1%
  • Free cash flow of $308 million in FY26, up 18.5%, with a mid-single digit CAGR target from FY25 to FY30
  • Annualised productivity savings reached $101 million at end of FY26, against a FY30 target of $150 million to $180 million
  • Scope 1 and 2 emissions are tracking 59% below the FY20 baseline, ahead of the pathway to the 2030 science-based target
  • Interaction net promoter score (iNPS) increased from +40 in FY25 to +42 in FY26, marking six consecutive years of iNPS growth

SPK-30 Strategy Focus and FY26 Progress

Spark New Zealand's SPK-30 strategy, launched in September 2025, is structured around three pillars: focusing where returns are highest, investing to differentiate and grow, and building on strong fundamentals. The company disclosed that the data centre transaction was completed during FY26, with a 25% shareholding retained to participate in future value growth. A Digital Services strategic review is also underway. The company's FY26 results showed EBITDAI declined 2.4%, while reported return on invested capital (ROIC) was 13.8% compared with 8.7% in FY25. Adjusted ROIC, which removes the FY26 one-off data centre gain on sale and FY25 one-offs, was 8.4%, described as flat to FY25.

Network Leadership and Customer Experience Metrics

According to the filing, Spark retained the widest-coverage award, as recognised by Opensignal in the October 2025 NZ Mobile Network Experience report, where Spark ranked first for overall coverage experience and 5G coverage experience. The company also maintained a top position in reliability and availability. The filing states that 3G exit is enabling spectrum recycling into 5G, and that AI-enabled care is reducing time to serve customers. BAU capital expenditure as a percentage of operating revenues and other gains was 10.8% in FY26, within the FY30 target range of 10–12%.

Financial Ambitions and Non-Financial Targets

The company's FY30 financial ambitions include low single-digit EBITDAI CAGR from FY25 to FY30, mid-single digit free cash flow CAGR over the same period, and a target ROIC range of 11–13%. On the non-financial side, the FY30 iNPS target is above +45. Employee engagement increased by 11 percentage points from FY25. The filing notes the FY30 productivity target of annualised savings of $150 million to $180 million from a FY24 baseline, with $101 million achieved at the end of FY26. The filing explicitly states that financial and non-financial ambitions should not be relied upon by investors as guidance, with annual guidance to be provided at each FY results briefing.