Investor centre
Find the latest financial updates for our investors and annual reports from 2016 for the New Zealand Post Group.
Where we've been
New Zealand Post is a company with over 170 years of history. Since 1987, it has operated as a State Owned Enterprise (SOE) with the NZ Government as the 100% shareholder.
Long standing history
The history of New Zealand Post dates from 1840 with the establishment of the first Post office in the Bay of Islands.
By 1984, New Zealand Post Office was a monopoly Government provider of telecommunications and postal services, and also provided a Post Office Savings Bank service, but had suffered from under-investment. The postal side was losing $20m a year and forecasts were that this would increase in the future.
In 1986, the SOE Act led to the creation of New Zealand Post Limited, Telecom Corporation of New Zealand and PostBank Limited on 1 April 1987. Telecom and PostBank were later privatised but we remain 100% NZ Government owned.
Competing in deregulated markets
In 1989, a Deed of Understanding between New Zealand Post and the Government was first established, setting out certain social, price and service undertakings to be met by New Zealand Post. The Deed of Understanding was most recently reviewed in 2013 and now requires New Zealand Post to provide a basic postal delivery service offering 3 day per week delivery to the majority of delivery points and 5 day per week delivery to the majority of rural delivery points. It also includes undertakings in relation to the size of New Zealand Post’s network of service points.
See the full text of the 2013 Deed of Understanding.
Responsive to change
Over the years, New Zealand Post has faced several major strategic challenges. In response to each of these we've focused on doing what we do better and more efficiently. However in the 2020s, we know we will have to adapt more rapidly in order to successfully meet the expectations of our customers.
Where we're going
The way New Zealanders use and access services is changing.
At New Zealand Post we’re changing too to better meet our customers’ needs. That means giving our customers more choice about where, when and how they do business with us and delivering different things in different ways. It also means simplifying how we work and lowering our costs.
We are committed to growing our mail and logistical and financial services business and maintaining our place as a leader in what we do.
Governance
The Board of the New Zealand Post Group currently comprises six non-executive Directors. The two Shareholding Ministers – the Minister of Finance and the Minister of State Owned Enterprises, on behalf of the Crown, appoint the Directors considering the balance of competencies and experience on the Board and through consultation with the Chair, Carol Campbell.
The Board is responsible to the shareholding Ministers for directing and monitoring the management and affairs of the New Zealand Post Group. Under the State Owned Enterprises Act 1986, New Zealand Post is required to operate as a successful business and specifically to achieve the following objectives:
- to operate an efficient, effective and profitable business and provide to the owners a commercial return on the capital employed;
- to be a good employer; and
- to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.
The Board establishes objectives and sets strategies to achieve those objectives and monitors management’s performance against these. The Board has delegated the day-to-day management to the Chief Executive, David Walsh.
Find out more - Meet our Board.
Executive Leadership Team
The Chief Executive, David Walsh, has appointed a senior management team to lead the organisation. This Executive Leadership Team, represents all parts of the organisation and bring to the team a wide range of experience - both internal and external to the Group. They meet together regularly to manage the execution of strategy set by the Board.
Find out more - Meet our Executive Leadership Team.
NZ Post announces a Half Year result of $60 million profit.
21 February 2022
More information on redemption of finance notes (PDF - 19KB)
23 March 2021
NZ Post reports a Full Year financial result of $32 million profit
01 September 2021
“Despite the ongoing impact of COVID-19, these strong earnings are a result of both continued growth in our parcel business and our share of an excellent Kiwi Group Holdings performance,” says NZ Post Chief Executive David Walsh.
NZ Post reports $35 million increase in revenue, write-down on mail assets
23 March 2021
An announcement from John van Woerkom, our Deputy Chief Financial Officer. Download the letter (PDF - 19KB) for details.
Redemption notice for finance notes (PDF - 100KB)
18 March 2021
Today New Zealand Post Group Finance Limited (NZPGF) has given notice that on Monday 17 May 2021, NZPGF will redeem all outstanding Finance Notes. Download the Notice (PDF - 100KB) for details.
NZ Post reports a Half Year result of $27 million profit
26 February 2021
“This volume growth, and the increasing trend of New Zealanders shopping online, shows that NZ Post has a successful and exciting future. NZ Post’s previously announced investment in our network will help set us to be more efficient and continue to meet our customers' needs and help New Zealand businesses grow,” NZ Post Chief Executive David Walsh says.
NZ Post annual results – a return to profit with strong growth
25 September 2020
NZ Post has announced a net profit after tax of $6 million following a financial year of “two halves”, with a strong operational performance in the first part of the 2019/2020 financial year, before the COVID-19 response and resulting lockdowns materially affected revenue streams.
NZ Post reports $35 million increase in revenue, write-down on mail assets
27 September 2019
NZ Post has this morning announced a $35 million increase in revenue due to a strong operational performance for the 2018/19 financial year and a record-breaking 12 months for its parcel delivery business, balanced against a writedown on mail assets.
Kiwis’ love of online shopping boosts NZ Post revenue growth
21 February 2019
New Zealand Post today announced a net profit after tax of $7 million for the six months to 31 December 2018.
NZ Post annual results – impacted by continual letter decline
24 August 2018
NZ Post today reported a net profit after tax of $13 million for the 12 months to 30 June 2018 (FY 2018).
NZ Post half year results 2017/18 - Ongoing and accelerating letter decline challenges
23 February 2018
NZ Post today reported a net profit after tax from continuing operations of $6 million for the six months to 31 December 2017 (HY 2018).
New Zealand Post Group reports
View the annual and half year reports from the year 2016 and the latest investor presentations and financial updates.
Our financial year ends 30 June. All New Zealand Post Group annual reports are tabled in Parliament. The New Zealand Post Group also publishes a Half Year report covering the first six months of the financial year.
Or you can view the New Zealand Post Group Finance reports.
Presentations
| 2018 | |
|---|---|
| February | New Zealand Post half year results presentation (PDF - 446KB) |
| 2017 | |
| September | New Zealand Post Annual Results presentation (PDF - 171KB) |
| February | New Zealand Post half year results presentation (PDF - 246KB) |
| 2016 | |
| August | New Zealand Post Annual Results presentation (PDF - 596KB) |
| February | New Zealand Post half year results presentation (PDF - 396KB) |
View the most recent reports by Standard & Poor's below:
- 22 Octomber 2024 Standard & Poor’s report (PDF - 133KB)
- 28 September 2023 Standard & Poor’s report (PDF - 119KB)
- 27 September 2022 Standard & Poor’s report (PDF - 119KB)
- 15 February 2022 Standard & Poor’s report (PDF - 119KB)
- 23 August 2021 Standard & Poor’s report (PDF - 2MB)
- 9 June 2020 Standard & Poor’s report (PDF - 533KB)
- 19 December 2019 Standard & Poor’s report (PDF - 131KB)
- 14 December 2018 Standard & Poor’s report (PDF - 381KB)
- 30 November 2017 Standard & Poor’s report (PDF - 277KB)
- 28 April 2017 Standard & Poor’s report (PDF - 316KB)
- 17 November 2015 Standard & Poor's report (PDF - 270KB)
- 14 August 2015 Standard & Poor's report (PDF - 282KB)
- 16 September 2014 Standard & Poor's report (PDF - 293KB)
- 12 November 2013 Standard & Poor's report (PDF - 334KB)
- 21 May 2013 Standard & Poor's report (PDF - 275KB)
- 2 November 2012 Standard & Poor's report (PDF - 89KB)
- 29 June 2012 Standard & Poor's report (PDF - 271KB)
- 31 January 2012 Standard & Poor's report (PDF - 426KB)
- 21 December 2011 Standard & Poor's report (PDF - 476KB).
Standard & Poor’s Financial Services LLC, provides independent financial information, analytical services, and credit ratings to the world’s financial markets.
For more information on Standard & Poor’s, visit www.standardandpoors.com.
Debt funding
New Zealand Post has redeemed all Finance Notes, with the final payment made on Monday 17 May 2021.
If you have any questions regarding your payment or the Finance Notes in general, please get in touch with Link Market Services at 09 375 5998.