Investor centre

Find the latest financial updates for our investors, finance notes from 2009 and annual reports from 2000 for the New Zealand Post Group.

Where we've been

New Zealand Post is a company with over 170 years of history. Since 1987, it has operated as a State Owned Enterprise (SOE) with the NZ Government as the 100% shareholder.

Long standing history

The history of New Zealand Post dates from 1840 with the establishment of the first Post office in the Bay of Islands.

By 1984, New Zealand Post Office was a monopoly Government provider of telecommunications and postal services, and also provided a Post Office Savings Bank service, but had suffered from under-investment. The postal side was losing $20m a year and forecasts were that this would increase in the future.

In 1986, the SOE Act led to the creation of New Zealand Post Limited, Telecom Corporation of New Zealand and PostBank Limited on 1 April 1987. Telecom and PostBank were later privatised but we remain 100% NZ Government owned.

Competing in deregulated markets

In 1989, a Deed of Understanding between New Zealand Post and the Government was first established, setting out certain social, price and service undertakings to be met by New Zealand Post. The Deed of Understanding was most recently reviewed in 2013 and now requires New Zealand Post to provide a basic postal delivery service offering 3 day per week delivery to the majority of delivery points and 5 day per week delivery to the majority of rural delivery points. It also includes undertakings in relation to the size of New Zealand Post’s network of service points.

See the full text of the 2013 Deed of Understanding.

Responsive to change

Over the years, New Zealand Post has faced several major strategic challenges. In response to each of these we've focused on doing what we do better and more efficiently.

Timeline of challenges for New Zealand Post.

However in the 2020s, we know we will have to adapt more rapidly in order to successfully meet the expectations of our customers.

Where we're going

The way New Zealanders use and access services is changing.

At New Zealand Post we’re changing too to better meet our customers’ needs. That means giving our customers more choice about where, when and how they do business with us and delivering different things in different ways. It also means simplifying how we work and lowering our costs.

We are committed to growing our mail and logistical and financial services business and maintaining our place as a leader in what we do.


The Board of the New Zealand Post Group currently comprises of six non-executive Directors. The two Shareholding Ministers – the Minister of Finance and the Minister of State Owned Enterprises, on behalf of the Crown, appoint the Directors considering the balance of competencies and experience on the Board and through consultation with the Chair, Rodger Finlay.

The Board is responsible to the shareholding Ministers for directing and monitoring the management and affairs of the New Zealand Post Group. Under the State Owned Enterprises Act 1986, New Zealand Post is required to operate as a successful business and specifically to achieve the following objectives:

  • to operate an efficient, effective and profitable business and provide to the owners a commercial return on the capital employed;
  • to be a good employer; and
  • to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates and by endeavouring to accommodate or encourage these when able to do so.

The Board establishes objectives and sets strategies to achieve those objectives and monitors management’s performance against these. The Board has delegated the day-to-day management to the Chief Executive, David Walsh.

Find out more - Meet our Board.

Executive Leadership Team

The Chief Executive, David Walsh, has appointed a senior management team to lead the organisation. This Executive Leadership Team, represents all parts of the organisation and bring to the team a wide range of experience - both internal and external to the Group. They meet together regularly to manage the execution of strategy set by the Board.

Find out more - Meet our Executive Leadership Team.

More information on redemption of finance notes (PDF - 19KB)

23 March 2021

An announcement from John van Woerkom, our Deputy Chief Financial Officer. Download the letter (PDF - 19KB) for details.

Redemption notice for finance notes (PDF - 100KB)

18 March 2021

Today New Zealand Post Group Finance Limited (NZPGF) has given notice that on Monday 17 May 2021, NZPGF will redeem all outstanding Finance Notes. Download the Notice (PDF - 100KB) for details.

NZ Post reports a Half Year result of $27 million profit

26 February 2021

“This volume growth, and the increasing trend of New Zealanders shopping online, shows that NZ Post has a successful and exciting future. NZ Post’s previously announced investment in our network will help set us to be more efficient and continue to meet our customers' needs and help New Zealand businesses grow,” NZ Post Chief Executive David Walsh says.

NZ Post annual results – a return to profit with strong growth

25 September 2020

NZ Post has announced a net profit after tax of $6 million following a financial year of “two halves”, with a strong operational performance in the first part of the 2019/2020 financial year, before the COVID-19 response and resulting lockdowns materially affected revenue streams.

NZ Post reports $35 million increase in revenue, write-down on mail assets

27 September 2019

NZ Post has this morning announced a $35 million increase in revenue due to a strong operational performance for the 2018/19 financial year and a record-breaking 12 months for its parcel delivery business, balanced against a writedown on mail assets.

Kiwis’ love of online shopping boosts NZ Post revenue growth

21 February 2019

New Zealand Post today announced a net profit after tax of $7 million for the six months to 31 December 2018.

NZ Post annual results – impacted by continual letter decline

24 August 2018

NZ Post today reported a net profit after tax of $13 million for the 12 months to 30 June 2018 (FY 2018).

NZ Post half year results 2017/18 - Ongoing and accelerating letter decline challenges

23 February 2018

NZ Post today reported a net profit after tax from continuing operations of $6 million for the six months to 31 December 2017 (HY 2018).

New Zealand Post Group reports

View the annual and half year reports from the year 2000 and the latest investor presentations and financial updates.

Our financial year ends 30 June. All New Zealand Post Group annual reports are tabled in Parliament. The New Zealand Post Group also publishes a Half Year report covering the first six months of the financial year.

Or you can view the New Zealand Post Group Finance reports.

Financial year Half year Full year
2021 Half Year Report (PDF - 684KB)  
2020 Half Year Report (PDF - 666KB)
2019 Half Year Report (PDF - 418KB)
2018 Half Year Report (PDF - 320KB)
2017 Half Year Report (PDF - 181KB)
2016 Half Year Report (PDF - 145KB)
2015 Half Year Report (PDF - 582KB)
2014 Half Year Report (PDF - 555KB)
2013 Half Year Report (PDF - 169KB)
2012 Half Year Report (PDF - 265KB)
2011 Half Year Report (PDF - 258KB)
2010 Half Year Report (PDF - 258KB)
2009 Half Year Report (PDF - 232KB)
2008 Half Year Report (PDF - 738KB)
2007 Half Year Report (PDF - 260KB)
2006 Half Year Report (PDF - 163KB)
2005 Half Year Report (PDF - 114KB)
2004 Half Year Report (PDF - 196KB)
2003 Half Year Report (PDF - 245KB)
2002 Half Year Report (PDF - 181KB)
2001 Half Year Report (PDF - 174KB)



View the most recent reports by Standard & Poor's below:

Standard & Poor’s Financial Services LLC, provides independent financial information, analytical services, and credit ratings to the world’s financial markets.

For more information on Standard & Poor’s, visit standardandpoors.comOpens in a new window. .

Debt funding

There is one main debt instrument currently on issue:

Issuer Instrument On issue Total facility Rate Maturity
New Zealand Post Finance Limited Subordinated notes $200m $200m 4.23% November 2039

New Zealand Post Group Finance Limited has $200m of finance notes on issue with a maturity in 2039 and a coupon of 4.23%.

New Zealand Post has redeemed all of the Finance Notes, with the final payment made on Monday 17 May 2021. If you have any questions regarding your payment or the Finance Notes in general, please get in touch with Link Market Services at 09 375 5998.

Fundamental data
Issuer New Zealand Post Group Finance Limited
Guarantor New Zealand Post Limited
Rating of finance notes S&P rating of BB
Rating of Guarantor S&P rating of A (stable outlook)
Outstanding debt $200m
Coupon 4.23%
Interest frequency Twice annually
Redemption date 15 May 2021
Next interest payment date 17 May 2021
Redemption payment date 17 May 2021
Minimum holding $5,000

The Issuer of the Finance Notes is New Zealand Post Group Finance Limited (NZPGF) which is a 100% subsidiary of New Zealand Post Limited.

The Finance Notes are direct, unsecured, subordinated, redeemable, cumulative, interest bearing debt obligations of NZPGF. They are also guaranteed by the parent company, New Zealand Post Limited and as such, the Finance Notes are a direct, unsecured, subordinated obligation of New Zealand Post Limited.

The Finance Notes have a credit rating of BB by Standard & Poor’s. New Zealand Post Limited has been assigned an issuer credit rating of A by Standard & Poor’s.

The final maturity date of the notes is 15 November 2039.

Interest is paid every 6 months on 15 May and 15 November.

* Notice has been given to redeem the Finance Notes.

For more detailed information, please refer to the issue documentation:

For live data for the Finance Notes, visit nzx.comOpens in a new window. .

New Zealand Post Group Finance Reports

Financial year Half year Full year
2020 Half Year Finance Report (PDF - 255KB) Annual Finance Report (PDF - 270KB)
2019 Half Year Finance Report (PDF - 114KB) Annual Finance Report (PDF - 475KB)
2018 Half Year Finance Report (PDF - 253KB) Annual Finance Report (PDF - 2.0MB)
2017 Half Year Finance Report (PDF - 78KB) Annual Finance Report (PDF - 1.5MB)
2016 Half Year Finance Report (PDF - 88KB) Annual Finance Report (PDF - 591KB)

Half Year Finance Report (PDF - 484KB)

Annual Finance Report (PDF - 398KB)


Half Year Finance Report (PDF - 82KB)

Annual Finance Report (PDF - 595KB)


Half Year Finance Report (PDF - 110KB)

Annual Finance Report (PDF - 2.5MB)


Half Year Finance Report (PDF - 167KB)

Annual Finance Report
(PDF - 622KB)


Annual Finance Report (PDF - 180KB)


Annual Finance Report (PDF - 549KB)


Annual Finance Report (PDF - 188KB)


The Registrar for the Notes is:

Link Market Services Limited
Level 16, 19 Victoria Street

PO Box 91976

Phone: + 64 9 375 5998 (for investor inquiries)
Fax: + 64 9 375 5990
Visit in a new window.

Summary of NZX waivers

NZX Regulation has granted New Zealand Post Group Finance Limited waivers in respect of Listing Rules 10.4.1, 10.5.1, 10.5.3 and 11.1.1.

Preliminary announcements - waiver from listing rule 10.4.1

NZX Regulation has granted New Zealand Post Group Finance waivers from the requirements to make annual and half-yearly preliminary announcements within the timeframes set out in Listing Rule 10.4.1. The waivers generally align the timeframes within which New Zealand Post Group Finance must make preliminary announcements to NZX with the financial reporting timeframes that apply to New Zealand Post Limited as a State Owned Enterprise.

Annual and half-yearly Reports - waivers from listing rules 3.5.1 and 3.6.1

NZX Regulation has granted New Zealand Post Group Finance waivers from the requirements to submit annual and half-yearly reports within the timeframes set out in Listing Rules 3.5.1 and 3.6.1. The waivers generally align the timeframes within which New Zealand Post Group Finance must submit its reports with the financial reporting timeframes that apply to New Zealand Post Limited as a State Owned Enterprise.

Restrictions on transfers - waivers from listing rule 11.1.1

NZX Regulation has granted New Zealand Post Group Finance a waiver from the prohibition on imposing restrictions on the transfer of securities contained in Listing Rule 11.1.1. The waiver means that a transfer of Notes may be refused if the transfer is not in an integral multiple of 1,000 Notes and/or results in the transferor retaining less than the minimum holding of 5,000 Notes (unless the transferor transfers all of his or her Notes).