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

Do you need to own a house?
Property

Do you need to own a house?

Rising property taxes and home-repair costs are prompting older people to rent. 

Reviewer sides with council in fast-track economics dispute
Infrastructure

Reviewer sides with council in fast-track economics dispute

Vineway wants consent to build 1,200 homes in Upper Ōrewa.

Oliver Lewis 15 Aug 2025
Simplicity Living expands south with $500m development
Infrastructure

Simplicity Living expands south with $500m development

The build-to-rent developer has acquired its first site outside Auckland.

Oliver Lewis 14 Aug 2025
Winton puts Sunfield fast-track bid on hold
Property

Winton puts Sunfield fast-track bid on hold

The housing project would pose significant risk to public safety, council claims.

Maria Slade 14 Aug 2025