Just two companies reported actual earnings results from 130 total announcements on the NZX this week. Healthcare provider PHL delivered strong growth while investment trust TEM posted exceptional returns. Overall sentiment remained neutral across market announcements.
Promisia Healthcare (PHL)
Promisia Healthcare delivered solid growth in FY26, with revenue rising 29% to $40.1 million. The healthcare provider reported underlying EBITDAF of $6.6 million, up 58% year-on-year, driven by improved occupancy rates and the first full-year contribution from Cromwell acquisitions. Group care occupancy improved materially from 87% to 94%, while property valuations rose 17.1% to $107.2 million aggregate.
Net tangible assets per share increased 38% to $1.09, reflecting both operational improvements and property revaluations. The company introduced a formal dividend policy and provided FY27 guidance for underlying EBITDAF of at least $8.0 million. PHL shares gained 3.0% over the week to close at $0.68, as the company continues pursuing an active acquisition pipeline.
Templeton Emerging Markets (TEM)
Templeton Emerging Markets delivered exceptional returns for the year to 31 March 2026, with net asset value total return of 41.3% and share price total return of 48.6%, both significantly outperforming the MSCI Emerging Markets Index benchmark return of 26.8%. The investment trust benefited from overweight positions in South Korean semiconductors and Taiwanese technology stocks, capitalising on the AI investment theme.
Total net assets grew 27.2% to £2.526 billion, while the discount to NAV narrowed to 8.2%. The company proposed an unchanged dividend of 5.25 pence per share, fully covered by revenue earnings of 5.39 pence per share. NAV per share rose to 267.3 pence from 193.7 pence in the prior year.
Weekly Price Movers
Notable Shareholder Movements
Several significant shareholding changes were disclosed this week. Forsyth Barr Group increased its stake in seafood company SAN to 12.39%, while Ngāi Tahu Holdings maintained its substantial 19.9% holding in the same company. ANZ New Zealand Investments reduced its position in Pacific Edge from 18.2% to 17.2%, and FirstCape Group and Harbour Asset Management trimmed their AoFrio stake from 9.4% to 8.3%.
With most NZX companies having now reported their annual results, attention turns to interim reporting season and any trading updates as companies navigate the second half of 2026. The low volume of actual earnings this week reflects the typical post-annual reporting lull before the next major reporting cycle begins.