Channel Infrastructure NZ Ltd (OTCPK:NZRFF)

Full Year 2025 Channel Infrastructure NZ Ltd Earnings Call Transcript

Feb 26, 2026 / 09:30 PM GMT

Release Date Price: $1.45

Transcript

Key Points

Positve

Channel Infrastructure NZ Ltd (ASX:CHI) reported a 4% growth in Emmettar, reflecting PPI escalation and increased throughput.
Normalized free cash flow increased by 5%, with free cash flow conversion rising from 57% to 72%.
The company declared a higher-than-anticipated final dividend of $0.75 per share, reflecting strong free cash flow.
Total shareholder return for 2025 was 63%, significantly outperforming the NZX 50.
The Z Energy jet storage project is ahead of schedule, and the new bitumen import terminal is expected to be operational in Q4 2026.

Negative

Air New Zealand's aircraft challenges are expected to continue, impacting jet fuel throughput.
Revenue for the period was broadly flat, with a contracted $5 million nominal step down in the annual fixed terminal fee.
Higher depreciation charges due to revaluation of import terminal system assets and capitalization of new assets.
Operating costs included $1 million for ASX listing and $1.5 million for growth pursuits, impacting overall cost discipline.
Net debt increased to $330 million, reflecting the acquisition of the Summit jet fuel pipeline.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CHI.NZ - Channel Infrastructure NZ Ltd
Full Year 2025 Channel Infrastructure NZ Ltd Earnings Call
Feb 26, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Channel infrastructure FY25 results briefing. I would now like to hand the conference over to Rob Buchanan, Chief Executive Officer. Please.

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Unidentified_2 [2]
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Go ahead. Good morning everyone, and thank you for joining us as we run through our financial and operating results for the 2025 year.

I'm joined here today by our Chief Financial Officer, Alexa Preston, and we will speak to the presentation we disclosed on the NZX this morning.

As usual, I'll cover off our company highlights and the

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