Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spark New Zealand's retained earnings for the quarter that ended in Dec. 2025 was A$348 Mil.
Spark New Zealand's quarterly retained earnings
declined
from Dec. 2024 (A$886 Mil) to Jun. 2025 (A$527 Mil) and
declined
from Jun. 2025 (A$527 Mil) to Dec. 2025 (A$348 Mil).
Spark New Zealand's annual retained earnings
declined
from Jun. 2023 (A$1,253 Mil) to Jun. 2024 (A$1,104 Mil) and
declined
from Jun. 2024 (A$1,104 Mil) to Jun. 2025 (A$527 Mil).
Spark New Zealand (ASX:SPK) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Spark New Zealand Retained Earnings Historical Data
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The historical data trend for Spark New Zealand's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Spark New Zealand (ASX:SPK) has a Retained Earnings of A$348 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spark New Zealand and its competitors.
Is Spark New Zealand's Retained Earnings too high?
Spark New Zealand's current Retained Earnings is A$348 Mil. Overall, Spark New Zealand has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spark New Zealand's Retained Earnings compare to TMUS and VZ?
Spark New Zealand's Retained Earnings of A$348 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Telecommunication Services company?
A good Retained Earnings depends on the Telecommunication Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Spark New Zealand and its competitors. Spark New Zealand's current Retained Earnings is A$348 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spark New Zealand stock overvalued right now?
Based on GuruFocus' analysis, Spark New Zealand (ASX:SPK) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.66, compared to a current price of A$1.53 — trading 42.5% below its estimated fair value. The current Retained Earnings is A$348 Mil. Spark New Zealand's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Spark New Zealand (ASX:SPK), the current Retained Earnings is A$348 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Spark New Zealand (ASX:SPK) Overvalued in 2026?
Based on GuruFocus' analysis, Spark New Zealand stock appears to be undervalued.
The current stock price of A$1.53 is trading 42.5% below its estimated GF Value™ of A$2.66.
GuruFocus considers Spark New Zealand to be Significantly Undervalued.
Key valuation signals for ASX:SPK:
Retained Earnings: A$348 Mil
GF Value™: A$2.66 vs. price of A$1.53 (42.5% below fair value)
No single metric tells the full story. See the ASX:SPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spark is one of only three integrated telecommunications companies in New Zealand. It is the leading mobile network operator with low- to mid-40% subscriber and revenue share, and the dominant provider of fixed-line broadband services with a mid-30% subscriber share. It has a big position in the New Zealand corporate and wholesale telecommunications services provision space. Spark supplements its core telecommunications operations and related infrastructure with IT products and services across cloud, managed data and networks, procurement, data centers, and Internet of Things. Its operations are all based in New Zealand, except for its 41% interest in Southern Cross Submarine Cables, which has zero book value and to which Spark has no funding obligations.
72GF Score
Get the complete analysis for ASX:SPK
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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