Refocused Core Business and Transformation Progress
Spark has made significant progress in its transformation priorities, refocusing on its core business of connectivity and seeing improved momentum in mobile as they enter FY '26.
Cost Reduction Achievements
Delivered NZD 85 million in cost reductions in H2 '25 compared to H2 '24, including a NZD 61 million reduction in labor costs.
Data Center Sale
Agreement to sell a 75% stake in the data center business, securing a funding pathway for the development pipeline and valuing the business at up to NZD 705 million.
Strong Balance Sheet Focus
Net debt ex leases reduced by approximately NZD 300 million due to the Connexa sale, with expectations of further reductions through other asset sales.
AI and Technology Partnerships
Significant investment in AI and new technology partnerships to improve customer experiences and operational efficiency.