Statement following sentencing of Nathan Boulter

Source: New Zealand Police

Please attribute the following to Detective Senior Sergeant Karen Simmons, Christchurch Metro Crime:

Police acknowledge the sentence handed down to Nathan Boulter for the murder of Chantal McDonald in the High Court at Christchurch. The 37-year-old will now serve a minimum of 17 years in prison without parole.

Today’s sentence will never bring Chantal back, or end the devastating sense of loss inflicted on her loving family.

There is no prison term that will ever make up for what happened to Chantal or the profound sense of loss her loved ones have had to endure.

However, today brings a small comfort in knowing the community will be protected from a violent, controlling and pathetic gutless coward who so needlessly took Chantal’s life.

It is extremely disappointing that he made the decision to not physically appear in Court today and face Chantal’s family.

Chantal was a much-loved and devoted mother, daughter, sister and friend. She was regarded as a vibrant and special person to all who knew her, which makes her loss even harder to bear for those who were lucky enough to know her.

We are continuing to provide support for Chantal’s family as they navigate life without her.

Her family have been extremely dignified throughout this entire process and I commend them for that.

They are appreciative of the support they have received, but request privacy. They ask that media do not attempt to contact them.

I want to thank all of the Police investigators, staff, and the Crown prosecutor who dedicated themselves to getting justice for Chantal.

They have worked relentlessly to bring this case to court and hold Chantal’s killer accountable for his horrendous crime.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/statement-following-sentencing-of-nathan-boulter/

A call to court: Woman charged over burglaries

Source: New Zealand Police

A Police response to calls for help brought a woman’s alleged offending spree across Auckland suburbs to a halt.

The woman will now face court over two burglaries and a stolen vehicle.

Senior Sergeant Shaun Richardson, of Auckland City Police, says units responded to Grey Lynn after 2.30am following calls from residents around Richmond Road.

“Residents reported hearing a woman calling for help in the vicinity of Westmoreland Street West.

“Police and ambulance attended the area and eventually located a woman stuck at a property under renovation; she had fallen between a retaining wall and earthworks.”

Units on scene established a burglary had occurred at the address.

Senior Sergeant Richardson says the woman was allegedly in possession of a handbag which had been stolen.

“Further checks established the handbag had allegedly been stolen just hours earlier in Epsom,” he says.

“Just before midnight, an offender had allegedly entered a house and stolen a handbag and keys, before driving off in a late model Audi hatchback.”

The 31-year-old woman was transported to hospital for her injuries.

She has since been charged with two counts of burglary for both the Epsom and Grey Lynn incidents, as well as unlawfully taking a motor vehicle.

Police have opposed the woman’s bail.

It’s expected a bedside court hearing will take place later today.

ENDS.

Jarred Williamson/NZ Police

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/a-call-to-court-woman-charged-over-burglaries/

AI companies promise to ‘fix’ aged care, but they’re selling a false narrative

Source: The Conversation (Au and NZ) – By Barbara Barbosa Neves, Senior Horizon Fellow, AI and Ageing, University of Sydney

Australia’s Royal Commission into Aged Care found a broken system. Now, technology companies are promising artificial intelligence (AI) will fix everything, from staff shortages to older people’s loneliness.

This is known as agetech, an industry projected to reach a global value of A$170 billion by 2030. But its promised “fixes” obscure what is actually breaking aged care.

In our new study, we analysed how 33 agetech companies selling AI for aged care in Australia, East Asia, Europe and North America market their products, including monitoring tools and companion robots.

We found their websites, promotional materials and product descriptions depict aged care as inefficient, understaffed and overwhelmed by a growing ageing population. Older people are too frail or too many. Care workers are overstretched. Human care is flawed.

And AI is presented as the answer. As the agetech industry grows, governments are also subscribing to this vision of technological rescue.

Yet our research shows these narratives distract from structural problems and reinforce ageism, even as Australia’s new Aged Care Act commits to a stronger focus on dignity and autonomy.

Before we accept AI as the cure, we need to understand what we are being sold.

The cure on offer

The companies we studied claim AI will predict falls before they happen, detect health changes humans miss, eliminate incompetence, and deliver “unprecedented” improvements in safety and quality.

It sounds revolutionary. But it is also a carefully constructed narrative. In the marketing materials, aged care is consistently framed as a failure of efficiency and public delivery.

Promotional images show older people sitting passively, struggling with mobility aids, or being reduced to body parts attached to monitoring devices. They are represented through statistics: fall rates, malnutrition prevalence, hospitalisation risk.

According to the companies, older people are incidents waiting to happen and data sources to be mined. One company promises to transform intimate daily activities such as showering into “trackable metrics” for “optimal care”.

Care workers fare no better. Their labour is “time-consuming” and “error-prone”. With AI as the solution, care workers become the problem: well-meaning but unreliable, requiring technological oversight. Several companies market systems that track staff movements and automatically report delays to managers.

The rise of techno-solutionism

Agetech companies selling their wares paint the aged care sector as fundamentally broken, plagued by rising costs and inefficiencies.

By contrast, AI systems – featuring 24/7 monitoring, predictive analytics and automated alerts – are presented as objective and inherently superior.

This narrative reflects techno-solutionism: presenting social problems in ways that make technical fixes appear inevitable.

But AI is far from neutral. Models used to train AI are frequently based on datasets that exclude older people or overrepresent younger and healthier groups. Both AI design and implementation rely on stereotypical ideas of older people as technophobic and passive.

AI is not the salvation

The aged care crisis stems from decades of social and political choices about how we value care and ageing. The royal commission documented this in detail: systemic neglect, regulatory failures, a funding model that incentivises cost-cutting over quality, and pervasive societal ageism.

AI solutionism frames the crisis as technical rather than social or political, burying the fact that broader reforms are needed.

AI systems are said to eliminate work. But they require substantial human labour to function and can create as much work as they remove.

Care staff must learn new systems, interpret data, and respond to constant notifications and false alarms. They suddenly have to oversee technologies that need ongoing calibration and maintenance.

Studies show this increases worker stress, as staff juggle care responsibilities with tech troubleshooting – all with limited training and time. Much of this labour remains invisible.

Alongside this, the relational aspects of care – noticing subtle changes in mood, building trust over time – get marginalised because they can’t be easily measured or automated.

Older people suffer the consequences. When care is organised around efficiency metrics and cost reduction, residents become problems to be managed rather than people with diverse histories, preferences and needs.

No single tech will fix this

Aged care faces serious challenges. It does need repair – but the fixes must take many forms, most of which have nothing to do with AI.

These include staff ratios that allow proper time for meaningful conversations, helping residents feel less lonely. Wages that reflect the value and complexity of care work. Funding models that prioritise dignity, agency and authentic participation in decisions about care.

Regulatory frameworks must hold providers accountable for quality of life, wellbeing and inclusion, not just compliance metrics. Aged care should also include community-based models that keep older people connected to neighbourhoods.

The best role AI can play is through supporting care practices that include and empower older people and staff, centring their voices and experiences.

If we let AI companies define what is broken, we also let them define what repair looks like. That may leave our systems more profitable, but far less caring and humane.


The authors acknowledge Naseem Ahmadpour, Alex Broom and Kalervo Gulson from the University of Sydney for their contributions to the research project.

ref. AI companies promise to ‘fix’ aged care, but they’re selling a false narrative – https://theconversation.com/ai-companies-promise-to-fix-aged-care-but-theyre-selling-a-false-narrative-275822

Evening Report: https://eveningreport.nz/2026/02/25/ai-companies-promise-to-fix-aged-care-but-theyre-selling-a-false-narrative-275822/

What people with tourette’s want you to know

Source: Radio New Zealand

Tourette syndrome campaigner John Davidson has explained he left the British Film and Television Awards (Baftas) ceremony early on Monday night, aware his outbursts were causing distress.

Davidson was attending the ceremony to support the film I Swear, which tells the story of his life living with the syndrome. Tourette’s can cause involuntary movements and sounds, including words.

Davidson’s outbursts during the ceremony included a racial slur while actors Michael B. Jordan and Delroy Lindon, who are Black, were presenting an award.

Michael B. Jordan and Delroy Lindo present during the BAFTA Film Awards in London.

Tristan Fewings/Getty Images for BAFTA

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/what-people-with-tourettes-want-you-to-know/

Murder of Chantal McDonald: Nathan Boulter jailed for at least 17 years

Source: Radio New Zealand

Nathan Boulter NZPA / David Rowland

A man who stalked then murdered a woman in her Christchurch home has been sentenced to life imprisonment.

Nathan Boulter was sentenced in the High Court at Christchurch this afternoon by Justice Owen Paulsen after pleading guilty to murdering Chantal McDonald in July last year.

He was jailed for life with a minimum non-parole period of 17 years.

McDonald had been in a brief relationship with Boulter.

After she ended it, he harassed, stalked and threatened her, making nearly 600 calls in two weeks.

Boulter stabbed her 55 times with a hunting knife, as she arrived to her Parklands home with her children.

Chantal McDonald Supplied

More to come …

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/murder-of-chantal-mcdonald-nathan-boulter-jailed-for-at-least-17-years/

What do Trump’s latest tariffs mean for New Zealanders?

Source: Radio New Zealand

US President Donald Trump delivers remarks on reciprocal tariffs at the White House in Washington, DC, on April 2, 2025. AFP / Brendan Smialowski

New Zealand exporters are relatively better off after the latest tariff move from the United States.

NZ Post wrote to exporters on Wednesday morning, explaining how the new 10 percent tariff will apply.

The levy came into effect late on Tuesday evening after the Supreme Court last week blocked many of President Donald Trump’s earlier sweeping import taxes. New Zealand exporters had previously been facing a 15 percent tariff.

The administration is applying the 10 percent levy to all imports, including those coming from New Zealand.

However, Trump – angered by the Supreme Court ruling – has threatened to raise the tariff to 15 percent but has not yet issued an official directive.

NZ Post said the measure was scheduled to last until 24 July unless extended or amended.

“In most cases, a 10 percent import duty will apply unless the item falls within an excluded category…

“Some product categories are excluded from the temporary import duty, including certain pharmaceuticals, electronics, passenger vehicles, aerospace products, and qualifying goods from Canada and Mexico.”

NZ Post said its tools and systems would be updated to reflect the new requirements and people could continue to send items as normal.

Part of doing business with US

Jarrod Kerr Supplied / Gino Demeer

Kiwibank chief economist Jarrod Kerr said a 10 percent tariff was annoying and a “good revenue generator” for the US government.

But he said it did not do a lot to divert trade. “Particularly in New Zealand where our currency is a bit weaker than where it was, that kind of helps digest that sort of traffic. From what I’ve heard from many of our exporting clients, particularly those going into the United States, the United States is quite a profitable market for them. They pay good prices. I got the feeling they could wear a lot of this.”

He said tariffs of 10 percent or even 15 percent, as previously expected to apply to many New Zealand exports, would just become part of the cost of doing business. “If it’s a 30 percent tariff and higher he [the US President] was originally throwing around, that means much more discomfort in markets and more diversion of trade elsewhere. You might just give up on the US and start exporting more to Australia or trying to get more into China or somewhere else. Isn’t it great we’ve got a free-trade agreement with India? These sort of things all matter a lot more.”

Trump was causing volatility and uncertainty at a time when businesses wanted less volatility and more certainty. “But I don’t think it’s enough to derail us.”

‘A winner in the short term’

Kelly Eckhold Newshub

Westpac chief economist Kelly Eckhold said it was an improvement for New Zealand.

“We were on 15 percent and it does seem that the categories of exports that had concessions under the previous regime continue to have them, so beef and horticulture are not subject to that 10 percent tariff so in that sense we’re a winner at least in the short term.”

He said what happened in the medium term would depend on what the US decided to do. “[Trump] has this tool available to him for 150 days and he has indicated an intention to replace the previous tariffs with tariffs under different authorities. Those authorities require him to appeal to national security and also trade and balance of payments imbalance issues to justify them. Most of those things I think are difficult to apply to New Zealand’s exports. I’m hopeful we do have some uncertainty but the range of surprises can be capped.”

He was cautiously optimistic. “The really good thing I think is that the discretionary ability to raise tariffs to really high levels … that’s the power that’s been removed by the Supreme Court and that has been the thing that’s really raised uncertainty and driven behaviours in the last year.”

Sign up for Money with Susan Edmunds, a weekly newsletter covering all the things that affect how we make, spend and invest money

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/what-do-trumps-latest-tariffs-mean-for-new-zealanders/

Firearms incident, Hei Hei

Source: New Zealand Police

Attributable to Detective Sergeant David Parker:

A scene examination is ongoing at a Hei Hei property in Christchurch following an firearms incident this morning.

Police were called to a Keri Place address around 4:35am to reports a vehicle was seen leaving the area at speed.

It was also reported that gunshots were heard.

Police attended and located evidence outside the property, which was unoccupied, to indicate a firearm had been discharged.

There will be a Police presence in the area while officers make a number of enquiries, working to determine what happened.

ENDS

Issued by Police Media Centre 

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/firearms-incident-hei-hei/

Driving investment in new energy projects

Source: New Zealand Government

The Government is leveraging public sector energy demand to drive new energy projects and grow our national supply, Energy Minister Simon Watts says.

“As part of the Government’s Energy Package, we are pursuing possible long-term Power Purchase Agreements (PPAs) across the public service starting with our three largest energy users: Health New Zealand, the New Zealand Defence Force, and the Department of Corrections,” Mr Watts says.

Following the Request for Information issued late last year, the Government is commencing discussions with the energy sector including independent generators and new entrants on opportunities to lock in long-term supply.

“We are focused on one clear outcome – increasing abundant and affordable energy to put downward pressure on power bills for households and businesses,” Mr Watts says.

“There is a strong pipeline of projects ready to go, from large grid-scale generation to site-specific and smaller repeatable projects across the country. We are backing all technologies that can deliver reliable, affordable power at scale, including onshore and offshore wind, solar, geothermal, biogas, woody biomass, hydrogen and battery storage. The priority is simple: get more generation built, faster.”

MBIE is now working with Health New Zealand, the New Zealand Defence Force, and the Department of Corrections on potential long-term PPAs to commence when their existing contracts expire.

“Locking in long-term supply will give developers the certainty they need to invest in new generation, while securing better value and price stability for taxpayers,” Mr Watts says.

“Solar will also play a practical and immediate role. I have directed officials to complete a rapid feasibility study on establishing a streamlined procurement model to accelerate the rollout commercially viable solar across government properties.

“The objective is to support aggregate demand, cut red tape, and bring installations online more quickly increasing supply and reducing peak demand pressures on the grid.”

MBIE will report back by the end of May 2026. If viable, a Request for Proposals will be issued soon after, moving quickly from study to implementation so projects can begin delivering additional generation and cost relief as soon as possible.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/driving-investment-in-new-energy-projects/

Economy – Consultation opens on keeping cash local – Reserve Bank

Source: Reserve Bank of New Zealand

25 February 2026 – We are asking the public for feedback on a proposal that banks must provide a minimum level of cash services so people, businesses, and community groups can withdraw cash, deposit cash, and get change free-of-charge close to where they live.

Public consultation on this cash services standard opens 25 February 2026 for 6 weeks, closing Friday 10 April 2026.

We propose that people living in urban areas should face only a walkable distance to withdraw cash, deposit cash or get change, while people living rurally should only face a reasonable driving distance. People should not have to face unreasonable wait times either and cash services should be free of charge. We want to know if New Zealanders agree with how we are approaching this.

“We believe banks must provide cash services to customers, free-of-charge, because cash is an essential part of a customer’s relationship with their bank. People put money into their bank accounts and expect to be able to convert it easily, quickly and free, into cash and vice versa,” says Ian Woolford, Director of Money and Cash.

“The public expect banks to provide cash services to them, but banks have been steadily reducing points of access for their customers to get cash, bank cash or get change, especially in rural areas. We want this to change, and we are open as to how. This consultation proposes one way to make this happen.

“District maps show what this proposal could mean for each of the 66 territorial authorities (excluding the Chatham Islands). It assumes banks share cash infrastructure, as they already do at the 5 remaining ‘New Zealand Bankers’ Association regional banking hubs’.

“We estimate the benefits of our proposal far outweigh the costs, as giving the public an appropriate level of cash services provides benefits to New Zealand of $2.83 billion per annum, at an additional annual cost to banks of around $104 million. This cost is negligible when compared to the more than $10 billion annual pre-tax profits earned together by the banking sector,” says Mr Woolford.

Many countries have or are introducing similar new laws to ensure adequate access to cash services, including the UK, Ireland, and the Netherlands.

“Cash benefits society, as it is used for economic, social and cultural reasons, and as the steward of cash we are focussed on ensuring the cash system is healthy and available,” says Mr Woolford.

Research shows 72% of small businesses would be adversely affected if cash was unavailable as a means of payment. Our own survey tells us that over 80% of adults use cash sometimes, over half (56%) store cash and 8% rely on cash as their sole means of payment.

More information

Learn more about the public consultation: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=99d5bdd1e6&e=f3c68946f8
Download our consultation materials on the CitizenSpace website: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=8545551296&e=f3c68946f8
Cards and convenience reign supreme in Aotearoa | research by Xero: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=d05c229929&e=f3c68946f8
2023 cash use survey (PDF, 1 MB): https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=b0dc7aff96&e=f3c68946f8
In this report, we asked respondents how many times they had used cash to pay for everyday items in the past 7 days. We used the results to measure and estimate the proportion of people who use cash at least occasionally.

LiveNews: https://enz.mil-osi.com/2026/02/24/economy-consultation-opens-on-keeping-cash-local-reserve-bank/

Wellingtonians can swim in beaches at own risk after Moa Point sewage spill

Source: Radio New Zealand

Wellingtonians can now swim at southern beaches after the sewage leak – but at their own risk.

The city’s southern coast has been off limits since the Moa Point treatment plant failed catastrophically on 4 February, sending about 70 million litres of untreated sewage to the sea daily. The no-go zones include Ōwhiro and Island bays, just a few kilometres from the plant.

Wellington Mayor Andrew Little announced on Wednesday that the city has returned to its regular system for updating residents about where it is safe to swim.

This means residents can check where it is safe to swim on the LAWA website and make their own informed decision about returning to the beaches.

“We have to be realistic and practical about what we’re asking people to do. Conditions can change rapidly. There are areas where the risk remains higher, such as near the short outfall pipe at Tarakena Bay,” he said.

Little advises residents to check the website before swimming and follow the advice on it.

“I do want to be clear: a risk remains, but monitoring results so far show that it is low and it is now up to people to decide how they respond to the current information,” Little said.

“I want to thank Wellingtonians and local businesses for their patience and understanding. Our city has rallied behind the workers who’ve been tireless in cleaning out the Moa Pt plant and walking the coast to keep people informed.

“Today’s progress marks a turning point, but we are far from the end of the journey. There is still a major infrastructure plant to restore, and lessons that must be learned through the Crown Review process.”

The government has launched an independent review into the Moa Point treatment plant failure.

It comes after the Wellington Water chair, Nick Leggett, resigned on 15 February, saying stepping aside would allow Wellington Water to focus on fixing the problems and restoring public trust.

Since the discharge began, an interagency group including National Public Health, Greater Wellington Regional Council, Wellington City Council and Wellington Water has been monitoring the water quality sample results.

If the short outfall is used, Wellington Water will alert LAWA immediately, who will continue to provide advice to the public about which beaches are safe to swim along the south coast. LAWA’s standard advice is not to enter the water during rainfall, or after rain for 48 hours.

Wellington Mayor Andrew Little and Wellington Water chief operating officer Charles Barker are speaking to the media from Lyall Bay beach. Watch it live in the player above.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/wellingtonians-can-swim-in-beaches-at-own-risk-after-moa-point-sewage-spill/

Should e-scooters should be allowed in cycle lanes?

Source: Radio New Zealand

RNZ / Nick Monro

The government is proposing to make it legal to ride e-scooters in cycle lanes.

It is part of its work to “fix the basics” in the New Zealand transport system, with consultation opening today on two packages for rule changes.

Transport Minister Chris Bishop said transport rules are not something many people think of until they run into a problem.

“It might be a parent unsure whether their 10-year-old is allowed to ride their bike on the footpath, a driver not clear how much space to give a cyclist, an e-scooter rider not sure if they can use the cycle lane, a bus stuck waiting to pull back into traffic, or a truck operator tied up in paperwork just to move an empty trailer between depots.

“We are fixing the basics by making sure the rules are clear, practical, and reflect how people actually use our roads every day.”

Transport Minister Chris Bishop. RNZ/Marika Khabazi

The first package focuses on lane use and everyday road rules, while the second focuses on heavy vehicles.

In the first package, the government is proposing to:

  • Allow children up to age 12 (inclusive) to ride their bikes on footpaths, helping keep younger riders safer and reflecting common practice;
  • Introduce a mandatory passing gap of between one and 1.5 metres, depending on the speed limit, to give motorists clearer guidance when passing cyclists and horse riders;
  • Allow e-scooters to use cycle lanes;
  • Require drivers travelling under 60 kilometres per hour to give way to buses pulling out from bus stops;
  • Clarify signage rules so councils can better manage berm parking.

Bishop said many children already ride on footpaths even though the current rule doesn’t let them.

“Bringing the law into line with reality, with appropriate guidance and expectations around responsible riding, will help families make safer choices.

“I acknowledge some pedestrians, including older people and members of the disability community, may have concerns. Education and clear guidance will be important, and parents and caregivers will need to ensure children ride at safe speeds and give way to pedestrians.”

The second package relating to heavy vehicles proposes:

  • Some permit requirements would be removed so rental operators can move empty high productivity motor vehicle truck and trailer combinations between depots and customers without unnecessary delays;
  • Driver licence settings would be updated so Class 1 licence holders can drive zero-emissions vehicles with a gross laden weight up to 7500 kilograms, and Class 2 licence holders can drive electric buses with more than two axles with a gross laden weight up to 22,000kg;
  • Signage requirements for load pilot vehicles would be made more practical;
  • [LI Overseas heavy vehicle licence holders would be able to convert their licences either by sitting tests or completing approved courses.

Bishop said these were “practical, common sense changes”.

“They give operators more certainty to get on with their work, reduce compliance headaches, and support the transition to low-emissions vehicles, all while keeping safety front and centre.”

Bishop said he encouraged everyone to have their say on the proposals, including parents, disability advocates, truck drivers and bus users.

“Good rules are built on common sense feedback from people who live by them.”

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/should-e-scooters-should-be-allowed-in-cycle-lanes/

Steel and Tube still in the red but outlook brightens

Source: Radio New Zealand

RNZ / Nate McKinnon

Steel manufacturer and distributor Steel and Tube has posted another bottom-line loss, but says it’s seeing signs of light at the end of the tunnel.

Key numbers for the 6 months ended December compared with a year ago:

  • Net loss $12.4m vs net loss $14.0m
  • Revenue $211.9m vs $196m
  • Operating earnings $1.2m vs $0.6m
  • Product margin 31.1% vs 28.7%
  • No dividend

Chief executive Mark Malpass said trading had been lumpy but the edge of a tough marketplace had been taken off by its purchase of a business last year.

“The acquisition of galvanising business Perry Metal Protection – a measured and strategic buy at the bottom of the cycle – has done exactly what we wanted: providing consistent high value earnings.”

He said the core steel business continued to struggle amid the stop-start nature of the recovery, and tighter margins as competitors fought for market share.

Malpass said Steel and Tube was a cyclical business and the broader economy was showing improvement.

“We are starting to see some positive signs – manufacturing demand is on the rise, Fast-Track projects will support the near term infrastructure pipeline, and the rollover of fixed mortgages to lower interest rates and easier access to credit will help to stimulate construction,” he said.

Steel and Tube has been trimming expenses, cutting $3 million in costs over the past year, and said it was focused on holding market share and keeping debt down.

Malpass believed the company was well-placed to benefit as conditions continued to improve.

“As a cyclical business, Steel and Tube is positioned for the upside, with significant operating leverage, a strong market position, a high-quality team, and a broad product and service offer that has been further enhanced by recent acquisitions.”

The company did not give any forecast but expected trading to keep improving in the second half.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/steel-and-tube-still-in-the-red-but-outlook-brightens/

Water search and rescue underway, Palmerston North

Source: New Zealand Police

Attribute to Palmerston North Area Prevention Manager, Inspector Phil Ward:

A water search and rescue operation is currently underway in Palmerston North.

At around 11.20pm last night, Police were called with a report that various personal items appeared to have been abandoned in a suspicious manner on Albert Street.

Police responded and found the items which led them down to the Manawatū River, where a man could be seen in the water.

Officers made voice appeals to the man, in an attempt to get him to come back to land, however he disappeared under the water.

Police Search and Rescue and Fire and Emergency New Zealand, attempted to locate the man, but had no luck.

Due to the rough terrain of the river and limited visibility, emergency services were stood down around 1.30am today.

The search recommenced at first light today and involves Police Search and Rescue, Land Search and Rescue, Palmerston North Swiftwater Rescue, and use of the LandSAR boat and drones, to assist searching the Manawatū River.

The community can expect to see an increased Police and emergency services presence in the Albert Street area while the search is ongoing.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/water-search-and-rescue-underway-palmerston-north/

WEL Networks extends partnership with Downer and Ventia

Source: WEL Networks

WEL Networks has extended its partnership with Tier 1 contractors Downer and Ventia for a further three years, reinforcing our commitment to delivering safe, reliable and efficient services for our customers.
From 1 April 2026 to 31 March 2029, Downer and Ventia will continue to play a central role in strengthening and supporting WEL’s network. Their teams deliver the full spectrum of work required to keep our infrastructure operating safely and reliably, from day-to-day customer projects through to major upgrades and rapid response during storms and faults.
“Strong partnerships are essential to maintaining a resilient network. Downer and Ventia share our focus on safety, quality and customer service. This extension reflects the confidence we have in their ability to support our community,” says Dan Coffey, WEL Networks General Manager Works Programme.
Over the past three years, WEL has seen a steady lift in Customer Initiated Works (CIW) satisfaction scores thanks to our Tier 1 delivery partners, whose strong communication, high-quality service and timely delivery across CIW and wider programmes have enhanced the customer experience and supported safe, efficient delivery.
This renewed partnership builds on the successful delivery of two major infrastructure projects in 2025 – WEL’s Te Uku and Kohia substations – led by Ventia and Downer respectively.
The Te Uku Substation upgrade has been successfully delivered by Ventia, replacing ageing outdoor equipment with a modern indoor system. The upgraded substation now provides a safer, more resilient and more reliable electricity supply for the Te Uku and Raglan communities, supporting current demand and enabling future regional growth.
“We are proud to continue supporting WEL Networks in delivering reliable, essential electricity services to communities across the Waikato. Our ongoing partnership is built on a shared commitment to safety, quality and trusted service, and we look forward to strengthening the strong foundations already in place,” says Karen Boyes, Project Director North, Ventia New Zealand.
The Kohia Substation has been successfully delivered by Downer, who oversaw the construction and commissioning of the new site to support strong growth across the Horotiu and Pukete industrial areas, as well as new residential development in Horotiu. The substation is now supplying customers with a more resilient and reliable electricity supply while providing capacity for future expansion.
“Downer is proud to continue our longstanding partnership with WEL Networks, strengthening the essential energy infrastructure that supports communities across the Waikato. Enabling our communities to thrive is at the heart of what we do. This extension reinforces our commitment to keeping our people safe, building strong relationships, and delivering high-quality, innovative solutions for our customers,” says John Batchelor, Downer General Manager Energy.
Together, these projects mark significant milestones in strengthening the Waikato’s electricity infrastructure. WEL’s continued investment in network upgrades, supported by delivery partners Ventia and Downer, underscores our commitment to providing a safe, secure and reliable power supply for both current and future customers.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/wel-networks-extends-partnership-with-downer-and-ventia/

Fire and Emergency New Zealand and the Department of Conservation renew their Service Agreement

Source: Fire and Emergency New Zealand

Fire and Emergency New Zealand and the Department of Conservation (DOC) have signed a new three-year Operational Service Agreement.
The Agreement covers how the two organisations work together. It includes the fire control services provided by DOC including services such as advice, research, and personnel for deployments. It covers the designated services provided by Fire and Emergency including training of DOC personnel, wildfire risk analysis, data sharing and advice, and fire investigation reports.
Fire and Emergency Chief Executive and National Commander Kerry Gregory says the Agreement reflects the shared commitment to protecting Aotearoa New Zealand’s public conservation land, including fire prevention, research, and raising public awareness.
“It refreshes and strengthens our already strong partnership, with clearer roles, responsibilities, and accountabilities for both organisations,” he says.
Department of Conservation Director-General Penny Nelson says the renewed Agreement shows the strong ongoing relationship between DOC and Fire and Emergency, which is vital to protect special places and unique threatened species.
“Wildfire is a significant threat to biodiversity values, tracks and huts, and public safety, and the risk is only increasing due to climate change. Recent examples like the Tongariro National Park fire show how devastating wildfire can be and the importance of an effective, coordinated response,” Penny Nelson says.
“The refreshed Agreement gives us greater clarity and confidence in how we work together,and strengthens our ability to protect our people, our places, and our taonga.”
Kerry Gregory says the Agreement recognises that fire is a growing risk driven by climate change,and it acknowledges the shared focus on prevention, mitigation, and reducing risk.
“The Agreement also recognises the importance of working with Māori as tangata whenua and reinforces both agencies’ commitments to Te Tiriti o Waitangi,” Kerry Gregory says.
“Ngā mihi nui to the people in the joint project group involved in the review.”
The associated Schedules (which detail the supporting operational, service specification, and financial processes) will be jointly developed and finalised within 12 months of signing of the Operational Services Agreement. The existing 2021 Schedules will be retained in the interim. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/fire-and-emergency-new-zealand-and-the-department-of-conservation-renew-their-service-agreement/

Advocacy – Gaza-based Humanitarian organisations petition Israeli High Court as closure deadline approaches – Oxfam

Source: Oxfam Aotearoa

The clock is ticking on a large part of the humanitarian response sustaining civilians in the occupied Palestinian territory.
Thirty-seven international aid organisations have been ordered by Israeli authorities to cease operations in the occupied Palestinian territory by the end of February under revised Israeli registration rules. With efforts to force closures imminent, a group of leading humanitarian organisations have taken the unprecedented step of jointly petitioning the Israeli High Court to suspend the measures before irreparable harm is done to civilians who rely on their assistance.
On 30 December 2025, the affected organisations were formally notified that their Israeli registrations would expire the following day and that they would have 60 days to wind down activities in Gaza and the West Bank, including East Jerusalem. The notification letter stated that the decision could only be overturned if organisations completed the full registration process, with which they cannot legally or ethically comply.
Efforts to force closures could begin as early as 28 February 2026. The effect would be immediate, extending well beyond individual organisations to the wider humanitarian system. In Gaza, families remain dependent on external assistance amid continuing restrictions on aid entry and renewed strikes in densely populated areas. In the West Bank, including East Jerusalem, military incursions, demolitions, displacement, settlement expansion and settler violence are driving rising humanitarian needs.
Palestinian Authority registration provides the lawful basis for international NGOs to operate in Palestinian territory. Under the Fourth Geneva Convention, an occupying power must facilitate relief for civilians under its control. Conditioning humanitarian presence on sweeping administrative demands, including the transfer of comprehensive national staff lists, alongside vague and politicised grounds for denial, risks disrupting life-saving services and eroding the obligation to ensure civilian welfare under occupation.
The demand to transfer personal data raises acute security and legal risks. It exposes national staff to potential retaliation and undermines established data protection and confidentiality safeguards. For European organisations in particular, compliance would create serious legal and contractual liabilities. More broadly, such requirements set a precedent that could chill principled humanitarian engagement in highly politicised contexts.
International NGOs have proposed practical alternatives, including independent sanctions screening and donor-audited vetting systems, that preserve both compliance and staff protection without disclosing personal data. No substantive response has been provided. Enforcement has meanwhile begun in practice, including blocked supplies and denial of visas and access for foreign staff.
Alongside UN agencies and Palestinian partners, international NGOs support or implement the delivery of more than half of all food assistance in Gaza, 60 per cent of field hospitals’ operations, nearly three quarters of shelter and non-food item activities, all inpatient treatment for children suffering severe acute malnutrition and 30 per cent of emergency education services, in addition to funding over half of explosive hazard clearance.
The petition seeks an urgent Interim Injunction to suspend expiry of registrations and prevent further enforcement pending judicial review. The petitioning organisations contend that these administrative measures constitute an effort to curtail established humanitarian operations in a manner incompatible with the obligations of an occupying power under international humanitarian law.
Governments must act urgently to prevent implementation of these measures and to ensure that humanitarian relief remains principled, independent, and unhindered. If these measures take effect, aid will be impeded not because needs have eased, but because it has been rendered optional, conditional, or politicised. At a moment when civilians depend on assistance to survive, that outcome would carry immediate and irreversible human consequences.
Petitioners and supporting organizations
1. All We Can
2. ActionAid Australia
3. Alianza Por La Solidaridad
4. Association of International Development Agencies (AIDA)
5. Bystanders No More
6. CADUS e.V.
7. Choose Love
8. Christian Aid
9. Churches for Middle East Peace
10. DanChurchAid
11. Danish Refugee Council
12. Diakonia, Sweden
13. Humanity & Inclusion – Handicap International
14. medico international
15. Middle East Children’s Alliance
16. Movimiento por la Paz, Desarme y Libertad – MPDL
17. Muslim Aid
18. Nonviolent Peaceforce
19. Norwegian Church Aid
20. Norwegian Refugee Council
21. Oxfam
22. Pax Christi International
23. Première Urgence Internationale (PUI)
24. Pro Peace
25. Refugees International
26. Start Network
27. Tearfund
28. Terre des hommes Italy
29. Terre des hommes Lausanne (Tdh)
30. United Against Inhumanity
31. Weltfriedensdienst e.V. (WFD; World Peace Service)
Notes:
Executive Summary – Joint Petition against the Inter-Ministerial Team:
1. Introduction
This Petition is filed by 17 leading international humanitarian aid organizations (INGOs) and the Association of International Development Agencies (AIDA) which form the critical infrastructure for providing medical services, food, and water to the civilian population in the West Bank and Gaza. The Petitioners challenge the Respondents’ December 2025 decision, which orders the “termination of their activities” due to their refusal to provide personal contact details (Nominal Lists) of thousands of local employees. The Petition presents an unprecedented “legal deadlock” in which the demands of the Israeli administration directly contradict international privacy laws and the fundamental principles of humanitarian neutrality.
2. Urgent Request for an Interim Injunction
The Petitioners seek an interim Injunction to preserve the status quo and prevent the expiration of their registration, the deportation of foreign staff and cessation of all activities until a final ruling is reached. It is argued that the “Balance of Convenience” clearly favors the Petitioners: while the Respondents will suffer no harm by maintaining the current situation, the cessation of the organizations’ activities will lead to a humanitarian collapse and irreparable harm to the right to life and health of hundreds of thousands of individuals in need.
3. Legal Arguments
A. Breach of the Inter-Ministerial Team’s Basic Obligations as an Administrative Authority
The Respondents’ conduct is tainted by administrative laches (undue delay) and a lack of good faith. The Respondents delayed their response to registration requests for many months while creating a false representation that the applications were under review. These draconian requirements were imposed without granting a Right to be Heard and without meaningful dialogue, violating the heightened duty of fairness applicable to the authority.
B. The Requirement for Employees’ Personal Details (Nominal Lists)
– B.1 GDPR Regulation and the “Adequacy” Issue: The Petitioners, who are bound by European law, demonstrate that transferring employee data from the Occupied Palestinian Territory (oPt) to Israeli security authorities constitutes a criminal and administrative offense. Since the European Union’s “Adequacy” decision regarding Israel does not apply to the territories, the organizations are exposed to heavy fines and tort claims. The Petition relies on the Schrems II precedent of the Court of Justice of the European Union, which prohibits data transfer to jurisdictions lacking independent judicial oversight over security agencies.
– B.2 The Demand for Employee Details and Violation of International Law: The requirement to provide personal phone numbers and contact details of the entire staff violates the principle of “Data Minimization” and endangers the personal safety of the employees. Turning humanitarian organizations into an information-gathering arm for a party to the conflict stands in total contradiction to the principle of neutrality.
C. The Decision for a Sweeping Cessation of Activity is Void Due to Illegality
– C.1 Decision Lacking Authority (Ultra Vires): The Team’s government mandate is limited to technical registration and visas. Assuming the authority to order the termination of an international organization’s activities is an extreme deviation from authority without an explicit legal source.
– C.2 Deviation from Israel’s Sovereignty (Oslo Accords): Pursuant to the Civil Annex of the Oslo Accords, the authority to register and manage NGOs operating in Palestinian Authority territories was transferred to the Palestinians. Israel lacks the authority to order the closure of these entities.
D. Regulation Article 8.4 – Voidness due to Lack of Authority and Breach of International LawThe Petitioners challenge the article in the regulation that allows for the suspension of registration based on vague “security considerations” without a duty of specification or reasoning.
– D.1 Applicability of Article 63 of the Fourth Geneva Convention: This article imposes an obligation on the Occupying Power to allow relief societies to continue their work. The Petition relies on expert legal opinions establishing that this provision fully applies to International NGOs (INGOs) performing essential humanitarian functions.
E. Extreme Unreasonableness and Lack of Proportionality
The decision fails the “Proportionality Stricto Sensu” test: the limited administrative-security benefit of collecting phone numbers is dwarfed by the catastrophic human damage caused by withholding aid from the population. The Respondents refused to consider “less restrictive means,” such as cross-referencing names against public global terror lists.
F. Violation of Israel’s Obligations to Facilitate Humanitarian Aid
As an Occupying Power, Israel bears positive obligations (Articles 55, 56, and 59 of the Convention) to ensure the supply of food and medical services. Arbitrary and bureaucratic interference with organizations fulfilling these duties constitutes a blatant violation of international law and the directives of the International Court of Justice (ICJ).

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/25/advocacy-gaza-based-humanitarian-organisations-petition-israeli-high-court-as-closure-deadline-approaches-oxfam/

Further delay in trial over Alan Hall’s wrongful conviction

Source: Radio New Zealand

RNZ / Simon Rogers

The High Court trial of two men charged over the wrongful 1980s conviction of Alan Hall has been further delayed.

It had been due to start in Auckland on Monday but one of the defendants was too unwell to attend.

At another hearing on Wednesday, the four-week judge-alone trial was pushed back to next Monday.

The men, whose names and occupations are suppressed, are jointly charged with wilfully attempting to pervert the course of justice.

They earlier pleaded not guilty.

Alan Hall was jailed for life in 1985 for the murder of Arthur Easton, but was acquitted by the Supreme Court in 2022 and awarded $5 million in compensation.

At the time Chief Justice Helen Winkelmann said it was a trial gone wrong, and that there had been a substantial miscarriage of justice and he should be acquitted.

Winkelmann said to conclude, it was clear that justice had seriously miscarried – either from extreme incompetence, or a deliberate strategy to achieve a conviction.

A third man facing similar charges to those in the current case died in 2024.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/further-delay-in-trial-over-alan-halls-wrongful-conviction/

Care facilities turn to paper after MediMap hack

Source: Radio New Zealand

RNZ/Calvin Samuel

Care facilities have switched back to a paper-based system to manage medication, and are dishing it out by hand, while prescription portal MediMap is offline following a hack.

MediMap is used by some health providers in the aged care, disability and hospice sectors and the community to record medication doses and coordinate with pharmacies – and it includes people’s medication histories.

It was breached on Sunday, and the company has now taken the platform offline while it investigates.

According to information sent by MediMap to care providers in the early hours of Wednesday morning, and seen by RNZ, fields that were changed included patient name, date of birth, location within the facility, assigned prescriber or pharmacy, allergy or intolerance information or discharge or deceased status.

Providers with the portal offline have told RNZ medication was now being organised the old-fashioned way – on paper.

A Nurses Organisation member at George Manning Lifecare and Village in Christchurch told RNZ they needed double the number of registered nurses on each shift just to give out medication.

Aged Care Association chief executive Tracey Martin said every care home had a “disaster” plan to fall back on in case of something like a system outage.

“Basically, they had to switch back to paper-based.”

She understood it was not having an effect on residents, who were all still receiving medication, but some facilities might have needed to bring in extra staff who were qualified to double check the medication, before it was given to residents.

“It certainly takes longer, it’s certainly more painful than the efficiencies that you get through a digital system,” Martin said.

Most of the questions being asked were: “Is my mum still getting her medication?” and “How are you making sure that she gets what she needs?”

“With regard to somebody being marked as deceased or not? Well, our facilities have got the person there, so they know they’re not deceased. So while from a system perspective that is really interesting and needs to be sorted, from a real-life perspective, that individual’s still there, still being cared for.”

FAQs released by MediMap

Among the information sent from MediMap care providers were lists of frequently asked questions those companies might be getting, and how to respond to them, along with a draft email providers could use as a template to inform patients, residents and families.

MediMap said it was working with external cyber security and forensic specialists, Health NZ, and relevant authorities to identify which facilities and resident records had been affected, and passwords were being reset across all users “as a precautionary measure”.

“Importantly, we have been advised that there is currently no evidence that medication charts or medication administration records have been altered,” it said.

“Has resident data been exposed? – At this stage, we cannot confirm whether any resident data has been accessed beyond viewing, extracted, or exposed externally. The investigation is ongoing.”

“When will our facility be brought back online? Facilities will be restored in phases. Facilities where current resident information has not been modified will be restored first following internal validation. Facilities where resident information may have been impacted will be contacted directly by MediMap to confirm current resident details prior to restoration.”

“Why are discharged or deceased residents being reviewed? Some resident status information may have been incorrectly modified. Historical records will be reviewed following restoration of current residents.”

What is the health agency saying?

Health New Zealand, while supporting the company’s investigation, said MediMap, as a privately owned company, was solely responsible for its security and it needed to do everything it could.

Its digital services acting chief information technology officer Darren Douglass said New Zealanders expected companies involved in healthcare to secure systems and platforms so private information was safeguarded.

MediMap has declined an interview with RNZ, but has again been approached for comment.

Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand

LiveNews: https://nz.mil-osi.com/2026/02/25/care-facilities-turn-to-paper-after-medimap-hack/

Energy Sector – Meridian rebounds off back of near-record inflows

Source: Meridian Energy

25 February 2026 – Meridian Energy has reported operating cash flows of $336 million for the six months ending 31 December 2025. This compares to $50 million in the same period last year when the company’s financial performance was impacted by the cost of hedge and demand response contracts required to support customers and electricity security through the record drought of Winter 2024.

The company recorded a net profit after tax (NPAT) of $227 million, compared to a net loss after tax of $121 million for the first half of FY25. EBITDAF was $506 million, up from $257 million, while underlying NPAT increased from -$5 million to $143 million. The latter two are both non-GAAP measures.

Meridian’s results for 1H FY26 were fuelled by a $264m (59%) year-on-year increase in energy margin – the result of record wind generation and the second-best lake inflows on record. These conditions put downward pressure on wholesale electricity prices, with daily spot prices averaging $84 per MWh over the six months to 31 December and falling to an average of $12 per MWh in December. The company also achieved record retail sales volumes, up 12% on last year.

Meridian Chief Executive Mike Roan says this is a strong result and a welcome change from the hit the company took last year after committing significant funds to help support Aotearoa’s security of supply through Winter 2024.

“A core part of our business is to manage weather variability, so we were pleased Mother Nature came to the party in the first half of the year. These conditions helped deliver a strong financial result and a period of extremely low wholesale prices. This is a sign of a market that continues to function well.”

“At the same time, the job is not done. That’s why we continue to work hard to improve the electricity system and what it offers consumers. Over the past six months we have advanced our development pipeline, enhanced the performance of existing assets, maintained our pursuit of contingent storage and taken steps towards making electricity more affordable for Kiwi homes and businesses. These remain our top priorities and this strong result will help us deliver them more quickly,” says Mike Roan.

The Meridian Board has declared an interim ordinary dividend of 6.40 cents per share, up from 6.15 cents per share in the first half of FY25. The dividend reinvestment plan will apply to this interim dividend at a 2% discount.

Half-Year Highlights

Meridian has continued to move at pace towards its goal of having seven projects in construction ready between 2023 and 2030. With Harapaki Wind Farm and the Ruakākā BESS completed and operational, construction is progressing on the Ruakākā and Te Rahui solar farms. Ruakākā is on schedule for first power in November and the first stage of Te Rahui – a 50/50 joint venture with Nova, who is leading construction – is scheduled for final power by mid-2027.

The company is targeting final investment decisions on three other projects this calendar year: Mt Munro Wind Farm in the Wairarapa and the repowering of the Te Rere Hau Wind Farm in the Manawatū and the second stage of the Te Rahui solar farm. Meridian also expects four consenting outcomes by mid-2026: Swannanoa Solar (200 MW), Waikato Solar (100 MW), Manawatu Solar (100 MW) and the reconsenting of the Waitaki Power Scheme.

“Meridian is committed to doing its share of the heavy lifting required to give Kiwis cheaper power and fuel the growth of our economy. Our team has done an excellent job of building momentum in our pipeline. We now hold 8.0 TWh of secured development options and a further 7.3 TWh of advanced prospects – more than a third of New Zealand’s current electricity demand.”

“While we have made significant progress in advancing generation developments to offset the reduction of domestic gas, we need more firming capacity to restore the energy balance that New Zealand has historically enjoyed. Meridian has adjusted elements of our strategy to reflect and prioritise this, such as exploring hydro development options for the first time in decades.”

Meridian achieved record retail sales volumes, boosted by the acquisition of Flick customers last August, increasing its residential market share from 17.5% to 19.5%. The migration of residential and commercial customers to Meridian’s new Kraken platform has also made progress. More than 75,000 customers have now been migrated and the company is on track to complete all mass-market customer migrations in the middle of the calendar year and the remaining corporate and industrial customer accounts by late 2026.

“New Zealand has a highly competitive retail electricity market, and it’s vital that we invest in technology that will enable us to innovate for all customers. People want more affordable energy and an increasing range of options for how and when they use it. We’re already ramping up the rollout of our Smart Hot Water product, which gives discounts to customers for allowing us to control when their cylinder heats so we can take pressure off the grid in peak periods. Our competitive solar buyback rates and EV plans are also helping Kiwis reduce their overall energy bills,” says Mike Roan.

The Generation team has excelled in the first half of FY26, maximising plant availability to enable the company to manage high inflows and wind speeds while also carrying out significant maintenance projects. These include a rotor replacement at Ōhau C and multiple large-scale projects at Manapōuri. We’re lucky to have a world class generation team who are passionate about the role our assets play in supporting Kiwi homes and businesses. The team is making increasing use of AI and other technologies to maximise plant availability. This is something we believe has huge potential.”

Meridian has received further endorsement of its sustainability performance. In February, the company secured its best result to date in the S&P Global Corporate Sustainability Assessment, achieving an S&P Global Sustainability Yearbook 2026 distinction – Top 10% score globally in our sector, with a score of 83 out of 100. The CSA is used to determine Dow Jones Best-in-Class Indices inclusion, due in April 2026.  “It’s currently our tenth successive year in this Index and the placement is hard won. The Index provides customers, communities and investors independent validation that Meridian meets globally relevant environmental, social and governance (ESG) standards right across our business operations. Ultimately that translates into good outcomes for people and planet and is a core element of Meridian’s competitive advantage,” says Mike Roan.

MERIDIAN FINANCIAL RESULTS FOR SIX MONTHS ENDING 31 DECEMBER 2025

Segment Earnings Statement ($m)

2025

2024

Energy margin

708

444

Other revenue

24

26

Hosting expense

(1)

(2)

Energy transmission expense

(45)

(37)

Electricity metering expenses

(27)

(26)

Employee and other operating expenses

(153)

(148)

EBITDAF

506

257

Depreciation and amortisation

(261)

(225)

Asset related adjustments

(3)

(8)

Unrealised changes in fair value of energy hedges

124

(143)

Net finance costs

(45)

(38)

Net change in fair value of treasury hedges

(4)

(11)

Net profit before tax

317

(168)

Income tax expense

(90)

47

Net profit after tax

227

(121)

 

Underlying net profit after tax

2025

2024

Net profit after tax

227

(121)

Underlying adjustments

Hedging instruments

Unrealised changes in fair value of energy hedges

(124)

143

Net change in fair value of treasury hedges

4

11

Premiums paid on electricity options net of interest

(3)

(4)

Assets

Asset related adjustments

3

8

Total adjustments before tax

(120)

158

Taxation

Tax effect of above adjustments

36

(42)

Underlying net profit after tax

143

(5)


LiveNews: https://enz.mil-osi.com/2026/02/24/energy-sector-meridian-rebounds-off-back-of-near-record-inflows/

Energy Sector – Ara Ake reopens National Flex Discovery Fund with renewed focus on digital connectivity

Source: Ara Ake

Ara Ake, New Zealand’s energy innovation centre, has reopened its National Flex Discovery Fund after a successful first round in 2025, continuing its support for smarter ways to manage electricity demand.
The Fund helps flexibility service providers connect devices such as batteries, electric vehicles and smart appliances to open-access platforms, so their energy-saving and grid-supporting potential can be seen and used by potential buyers. Much of the flexibility from these devices remains underutilised because it has not yet been made visible or connected to existing systems.
“There’s a huge amount of untapped flexibility already sitting in homes and businesses. By making that energy visible and usable, we can strengthen New Zealand’s energy resilience in a more affordable and sustainable way,” says Sophie Braggins, acting Chief Executive at Ara Ake.
The first round of the Fund enabled nine new connections to flexibility platforms and supported five projects to improve system performance and the reliability of flexibility services. Funding recipients included SUPA Energy, Lastmyle, Octopus Energy, PowerHub, EWI Energy, Cortexo, Counties Energy, Gridsmart, Ecotricity, Evnex, Simply Energy, and Flex-Able.
“With this support, Flex-Able has been able to make our assets discoverable through the Flexviz platform, bringing visibility to New Zealand’s wider energy ecosystem. Our technology optimises thermal storage like hot water and refrigeration, shifting energy use, reducing grid demand and saving money,” says Josh Benjamin, General Manager at Flex-Able. “The connection to the Flexviz platform positions our systems to fully engage as the country moves toward a mature flexibility market. It’s exciting to be part of the shift to a more resilient, lower-emissions grid.”
This round has a renewed focus on digital tools and software that make it easier for flexible energy resources to become visible and to work together seamlessly on open, shared systems. Applications for the reopened Fund are now open and close on 31 March 2026. A webinar will be held for potential applicants. 
For more details on eligibility, how to apply and sign up to the webinar, visit: www.araake.co.nz/project/ara-ake-national-flex-discovery-fund

LiveNews: https://enz.mil-osi.com/2026/02/24/energy-sector-ara-ake-reopens-national-flex-discovery-fund-with-renewed-focus-on-digital-connectivity/