Operator
Thank you for standing by, and welcome to the Spark New Zealand H1 ’26 results. [Operator Instructions] I would now like to hand the conference over to Ms. Jolie Hodson, CEO. Please go ahead.
Jolie Hodson
CEO & Executive Director
Thank you. [Foreign Language] Good morning, and thank you for joining us today for Spark’s half year results for the period ending 31 December 2025. This morning, I’ll provide an overview of our performance and progress we’ve made under our new SPK-30 strategy. I’ll then hand over to our CFO, Stewart Taylor, who will take you through the financials in more detail before we open for questions.
Before turning to the results, a brief word on the broader operating environment. Through the first half, the New Zealand economy showed signs of finding its footings, while conditions are still — were still mixed. Consumer activity improved, and there was a growing sense of stability as the period progressed. That backdrop supports the progress we’re seeing in our business, particularly in consumer and gives us confidence as we move into the second half.
With that context, I’ll now turn to Slides 3 and 4 to summarize our financial performance. So in terms of the difference between our reported and adjusted results, adjusted revenue and EBITDAI include the data center business for both H1 FY ’26 and H1 FY ’25. Adjusted EBITDAI excludes $9 million of DC sale transaction
