Spark's full year financial report reveals a 91 percent jump in net profit to $499 million. 

The telco's also cut 627 staff due to a mix of falling demand and AI use. 

At the same time, CEO Jolie Hodson received a $859,000 bonus and a pay bump from $1.27 million dollars to $1.31 million. 

She says it's based on performance, and she didn't get a bonus during the 2024-2025 financial year because company goals weren't met. 

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Spark's full year financial report reveals a 91 percent jump in net profit to $499 million.&nbsp;
The telco's also cut 627 staff due to a mix of falling demand and AI use.&nbsp;
At the same time, CEO Jolie Hodson received a $859,000 bonus and a pay bump from $1.27 million dollars to $1.31 million.&nbsp;
She says it's based on performance, and&nbsp;she didn't get a bonus during the 2024-2025 financial year because company goals weren't met.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jolie Hodson: Spark NZ CEO defends bonus and pay bump amid job cuts

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a198ecf3-ad7d-42c2-ac31-b4ac006af392/transcript

SpaceX's record as the largest IPO in history is about to be broken by one of the emerging AI giants.

Anthropic's business is expanding and it's projecting a 2028 revenue of ‌roughly $190 billion to $200 billion.

Fisher Funds expert Sam Dickie explained further.

LISTEN ABOVE

SpaceX's record as the largest IPO in history is about to be broken by one of the emerging AI giants.
Anthropic's business is expanding and it's projecting a 2028 revenue of ‌roughly $190 billion to $200 billion.
Fisher Funds expert Sam Dickie explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on Anthropic potentially becoming one of the biggest IPOs on record

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/659c1437-0e08-4f00-9e85-b4ac007f90c2/transcript

New-season red meat prices are expected to ease slightly from current extremes, but will likely still be comfortably ahead of previous seasons.

New reports show beef and lamb prices are likely to soften, due to pressure from other markets.

The Country's Hamish McKay explained further.

LISTEN ABOVE

New-season red meat prices are expected to ease slightly from current extremes, but will likely still be comfortably ahead of previous seasons.
New reports show beef and lamb prices are likely to soften, due to pressure from other markets.
The Country's Hamish McKay explained further.
LISTEN ABOVE

Hamish McKay: The Country spokesperson on the outlook for farmgate beef and lamb prices

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2eb8847-7988-49cd-abd5-b4ac007c9666/transcript

Pāmu has cracked its goal of $100 million net operating profit four years early as it continues to benefit from strong commodity prices and improved on-farm productivity.

The country’s state-owned farmer reported a net operating profit -  its preferred measure of performance which strips out revaluations - of $113 million for the 12 months to June.

CEO Mark Leslie says this result was boosted by looking after pastures and resources, and it's a 'collaborative effort'.

LISTEN ABOVE

Pāmu has cracked its goal of $100 million net operating profit four years early as it continues to benefit from strong commodity prices and improved on-farm productivity.
The country’s state-owned farmer reported a net operating profit -&nbsp; its preferred measure of performance which strips out revaluations - of $113 million for the 12 months to June.
CEO Mark Leslie says this result was boosted by looking after pastures and resources, and it's a 'collaborative effort'.
LISTEN ABOVE

Mark Leslie: Pāmu CEO on the company hitting operating profit goal four years early

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/917a871b-8289-49d4-b4a6-b4ac007672a4/transcript

Jolie Hodson: Spark NZ CEO defends bonus and pay bump amid job cuts

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