Spark New Zealand Responds to Open Letter on FY26 Data Centre Transaction Classification

Mukul

12 November 2026 10:15 AM AEDT

Spark New Zealand Responds to Open Letter on FY26 Data Centre Transaction Classification

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Spark New Zealand (ASX:SPK) has responded to a publicly published open letter regarding a technical accounting classification matter in its FY26 Financial Statements, stating that it does not consider the matter to have a material impact on those financial statements.

Key Points

An open letter published on 11 November raised a technical accounting matter regarding the classification of a gain on sale from Spark's data centre transaction in its FY26 Financial Statements.
The letter contended that the gain on sale should have been classified within net earnings from discontinued operation rather than operating revenues and other gains.
Spark confirmed the classification matter has no effect on Deloitte's unmodified audit opinion.
The company stated the matter has no impact on total net earnings, total comprehensive income, adjusted total EBITDAI, adjusted total net earnings, free cashflow, dividend payments, or the achievement of FY26 guidance.

Accounting Classification Matter Raised in Open Letter

Spark New Zealand disclosed on Thursday, 12 November 2026 that a letter had been published publicly on Wednesday, 11 November raising a technical accounting matter concerning its FY26 Financial Statements. According to the filing, the letter asserted that the gain on sale relating to Spark's data centre transaction should have been classified within net earnings from discontinued operation, rather than within operating revenues and other gains as presented in the FY26 Financial Statements. Spark acknowledged the classification matter raised in the letter.

Company's Position on Financial Statement Impact

Spark stated it does not consider the classification matter to have a material impact on its FY26 Financial Statements. The company confirmed the matter carries no effect on Deloitte's unmodified audit opinion. Spark further stated that the classification matter has no impact on total net earnings, total comprehensive income, adjusted total EBITDAI, adjusted total net earnings, free cashflow, the payment of dividends, or the achievement of Spark's FY26 guidance. The company said it has provided full transparency on the financial impact of the data centre transaction in its FY26 financial statements.

Authorisation of Market Release

The market release dated Thursday, 12 November 2026 was authorised by Rodney Deacon, General Manager Investor Relations & Commercial at Spark New Zealand Limited. The company is registered with ARBN 050 611 277 and is headquartered at Spark City, Level 1, 50 Albert Street, Auckland, New Zealand. No further operational or financial disclosures were included in the filing beyond the response to the open letter on the FY26 Financial Statements classification matter.

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