Capital raise helps Paper Plus co-op out of jam

Paper Plus NZ turned a profit for the first time in four years. (Image: NZME)

Tue, 29 Jul 2025

A capital raise and cost cuts have helped Paper Plus New Zealand refinance and return it to the right side of the ledger.Paper Plus NZ, which operates as a co-operative and acts as the retailer’s franchisor, published its financial statements for the year to March 31 on Monday. In July last year, the group turned to its members for capital after reporting a net loss of $553,000 and breaching its bank covenants.In its latest earnings report, the group said it had completed the renegotiation of its borrowing facilities with...

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