2degrees net loss widens on one-offs

(Image: NZME)

Wed, 24 Sep 2025

Telecommunications company 2degrees made a net loss of $18.2 million for its 2025 financial year (ending June 30), from the prior year’s $3.1m net loss. Provision was made for one-offs that could later add to the net loss, taking it to $39.1m.The privately held telco said its wider pre-tax net loss “was largely driven by non-cash valuation impacts and one-off integration costs [from its merger with Orcon]. For example, the fair-value changes in energy contracts and loan hedging reduced NPBT [net profit before tax] by $45.9m year-on-...

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