Ngāi Tahu drops to $95.5m loss

Ngāi Tahu drops to $95.5m loss
Waimakariri River. (Image: Getty)
Brent Melville
Ngāi Tahu Group plunged to a $95.5 million loss for the year to June, reflecting a $200.7m turnaround on the $105.2m profit the prior year.Revenues across the investment group’s farming, seafood, tourism and properties interests were up 16% at $372.8m, from $320.3m for 2022. Relativity and aquaculture settlements from the crown came in at $98.1m, recognised on the books as tribal income. But higher operating expenses, at $128.1m, borrowing costs of $18.5m and a $42.7m loss on fair value adjustments to the investment property por...

More Property

Accountant admits wrongdoing over Du Val
Property

Accountant admits wrongdoing over Du Val

Accountant dealt directly with Kenyon Clarke, and told Government business was solvent.

Maria Slade 28 Jul 2025
NZ is off track on emissions targets: CCC
Property

NZ is off track on emissions targets: CCC

The Government will need new policies to cover the emissions target gap.

Greg Hurrell 25 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
The ‘tech bro’ approach to real estate
Property

The ‘tech bro’ approach to real estate

Tokenised property is coming, whether the regulators participate or not, experts say.

Maria Slade 25 Jul 2025