Tena tatau nga uri o Porourangi,
In the context of weak domestic and global economies, prolonged cost of living crisis, as well as volatility in global investment markets Nati Growth is pleased to deliver a solid financial result. Our diversified investment portfolio has protected us from exposure to any single investment, sector or location and produced a robust overall result, to support our group and our two main goals: 1.Growing our returns to grow our dividends to the Runanganui & Toitu Ngati Porou. 2. Grow our investment and socio-economic impacts in our rohe.
Key Operational Updates
The renovation of the rebranded Waikanae Beach Café (previously Captain Morgans) was completed in May, producing a fresh new look, which enhances both the business and adds a valued asset in a prime location to our property portfolio. We look forward to strong trading over the warmer summer months. We continue to operate the fish truck to provide cost effective kai moana to our people up around the coast. The Ngati Porou Native Nursery was officially opened in May, having redeployed structures and staff from Hauiti Berries. Our kaimahi have also been involved in a native planting programme on our Sponge Bay property. We also launched a new Te Ihi honey brand, positioned as an indigenous wellness product and targeting the high-end of international markets where demand for manuka honey as a health product is established and growing. A focus on closer analysis of farm performance, key KPI's and opportunities for improvement has seen our sheep and beef business perform well over the year. This was also supported by higher beef prices. The JW Marriott was also officially launched in May after a full renovation. We expect to see strong performance on the back of increased tourism and the opening of the Auckland Convention Centre in 2026.
Geographical Diversification of Assets
While balancing our investment focused on local and direct impacts, we continue to ensure we maintain a diverse portfolio and target high growth opportunities which includes prospects farther afield, so we can provide higher distributions for social and cultural programs. We have previously invested in Akaroa Salmon in the South Island and the JW Marriott hotel in downtown Auckland. We continue to explore high quality investment opportunities across New Zealand, as well as in Ngati Porou and the wider Tairawhiti area. We have established an investment in the newly established seventh fund of pre-eminent New Zealand private equity firm Direct Capital, alongside their regular fund investors including ACC and NZ Super Fund. This investment may also present co-investment opportunities where additional equity capital is required. We have also invested in other direct financial investments, in order to earn a return higher than earned on our managed funds and to further diversify our portfolio in regards to liquidity, asset growth and cash flows.
Managed Funds Portfolio Shifts
The strategic shift to a higher growth portfolio mix in our managed funds during 2023/24, particularly into global equities, has resulted in consistently strong returns year on year, despite periods of volatility in 2025 associated with Trump's tariffs. The market is also monitored to assess whether the portfolio should be reweighted or allocations made to new asset classes. During the year we reallocated a portion of the funds to assets which are uncorrelated to our other investments to reduce the overall volatility of our portfolio.
Future Focus
After focusing on optimising operations during 2024, building our capacity and starting to grow our direct investments in 2025, we have now turned our full focus to identifying the level and types of investment required to sustainably grow our asset portfolio, increasing our debt capacity and building networks to deliver on this goal.
Henare Walker CEO
Ngai Tane, Hinerupe ki Waiapu, Ngati Rangi, Te Aitanga a Mate, Te Whanau a Hinekehu
Download a copy of the TRONPnui Group 2025 Annual Report here:
https://www.ngatiporou.com/publication/annual-report-2025
Download a copy of the TRONPnui Group 2025 Financials here:
https://www.ngatiporou.com/publication/annual-consolidated-financial-statement-2025
Tena tatau nga uri o Porourangi,
In the context of weak domestic and global economies, prolonged cost of living crisis, as well as volatility in global investment markets Nati Growth is pleased to deliver a solid financial result. Our diversified investment portfolio has protected us from exposure to any single investment, sector or location and produced a robust overall result, to support our group and our two main goals: 1.Growing our returns to grow our dividends to the Runanganui & Toitu Ngati Porou. 2. Grow our investment and socio-economic impacts in our rohe.
Key Operational Updates
The renovation of the rebranded Waikanae Beach Café (previously Captain Morgans) was completed in May, producing a fresh new look, which enhances both the business and adds a valued asset in a prime location to our property portfolio. We look forward to strong trading over the warmer summer months. We continue to operate the fish truck to provide cost effective kai moana to our people up around the coast. The Ngati Porou Native Nursery was officially opened in May, having redeployed structures and staff from Hauiti Berries. Our kaimahi have also been involved in a native planting programme on our Sponge Bay property. We also launched a new Te Ihi honey brand, positioned as an indigenous wellness product and targeting the high-end of international markets where demand for manuka honey as a health product is established and growing. A focus on closer analysis of farm performance, key KPI's and opportunities for improvement has seen our sheep and beef business perform well over the year. This was also supported by higher beef prices. The JW Marriott was also officially launched in May after a full renovation. We expect to see strong performance on the back of increased tourism and the opening of the Auckland Convention Centre in 2026.
Geographical Diversification of Assets
While balancing our investment focused on local and direct impacts, we continue to ensure we maintain a diverse portfolio and target high growth opportunities which includes prospects farther afield, so we can provide higher distributions for social and cultural programs. We have previously invested in Akaroa Salmon in the South Island and the JW Marriott hotel in downtown Auckland. We continue to explore high quality investment opportunities across New Zealand, as well as in Ngati Porou and the wider Tairawhiti area. We have established an investment in the newly established seventh fund of pre-eminent New Zealand private equity firm Direct Capital, alongside their regular fund investors including ACC and NZ Super Fund. This investment may also present co-investment opportunities where additional equity capital is required. We have also invested in other direct financial investments, in order to earn a return higher than earned on our managed funds and to further diversify our portfolio in regards to liquidity, asset growth and cash flows.
Managed Funds Portfolio Shifts
The strategic shift to a higher growth portfolio mix in our managed funds during 2023/24, particularly into global equities, has resulted in consistently strong returns year on year, despite periods of volatility in 2025 associated with Trump's tariffs. The market is also monitored to assess whether the portfolio should be reweighted or allocations made to new asset classes. During the year we reallocated a portion of the funds to assets which are uncorrelated to our other investments to reduce the overall volatility of our portfolio.
Future Focus
After focusing on optimising operations during 2024, building our capacity and starting to grow our direct investments in 2025, we have now turned our full focus to identifying the level and types of investment required to sustainably grow our asset portfolio, increasing our debt capacity and building networks to deliver on this goal.
Henare Walker CEO
Ngai Tane, Hinerupe ki Waiapu, Ngati Rangi, Te Aitanga a Mate, Te Whanau a Hinekehu
Download a copy of the TRONPnui Group 2025 Annual Report here:
https://www.ngatiporou.com/publication/annual-report-2025
Download a copy of the TRONPnui Group 2025 Financials here:
https://www.ngatiporou.com/publication/annual-consolidated-financial-statement-2025
Tena tatau nga uri o Porourangi,
In the context of weak domestic and global economies, prolonged cost of living crisis, as well as volatility in global investment markets Nati Growth is pleased to deliver a solid financial result. Our diversified investment portfolio has protected us from exposure to any single investment, sector or location and produced a robust overall result, to support our group and our two main goals: 1.Growing our returns to grow our dividends to the Runanganui & Toitu Ngati Porou. 2. Grow our investment and socio-economic impacts in our rohe.
Key Operational Updates
The renovation of the rebranded Waikanae Beach Café (previously Captain Morgans) was completed in May, producing a fresh new look, which enhances both the business and adds a valued asset in a prime location to our property portfolio. We look forward to strong trading over the warmer summer months. We continue to operate the fish truck to provide cost effective kai moana to our people up around the coast. The Ngati Porou Native Nursery was officially opened in May, having redeployed structures and staff from Hauiti Berries. Our kaimahi have also been involved in a native planting programme on our Sponge Bay property. We also launched a new Te Ihi honey brand, positioned as an indigenous wellness product and targeting the high-end of international markets where demand for manuka honey as a health product is established and growing. A focus on closer analysis of farm performance, key KPI's and opportunities for improvement has seen our sheep and beef business perform well over the year. This was also supported by higher beef prices. The JW Marriott was also officially launched in May after a full renovation. We expect to see strong performance on the back of increased tourism and the opening of the Auckland Convention Centre in 2026.
Geographical Diversification of Assets
While balancing our investment focused on local and direct impacts, we continue to ensure we maintain a diverse portfolio and target high growth opportunities which includes prospects farther afield, so we can provide higher distributions for social and cultural programs. We have previously invested in Akaroa Salmon in the South Island and the JW Marriott hotel in downtown Auckland. We continue to explore high quality investment opportunities across New Zealand, as well as in Ngati Porou and the wider Tairawhiti area. We have established an investment in the newly established seventh fund of pre-eminent New Zealand private equity firm Direct Capital, alongside their regular fund investors including ACC and NZ Super Fund. This investment may also present co-investment opportunities where additional equity capital is required. We have also invested in other direct financial investments, in order to earn a return higher than earned on our managed funds and to further diversify our portfolio in regards to liquidity, asset growth and cash flows.
Managed Funds Portfolio Shifts
The strategic shift to a higher growth portfolio mix in our managed funds during 2023/24, particularly into global equities, has resulted in consistently strong returns year on year, despite periods of volatility in 2025 associated with Trump's tariffs. The market is also monitored to assess whether the portfolio should be reweighted or allocations made to new asset classes. During the year we reallocated a portion of the funds to assets which are uncorrelated to our other investments to reduce the overall volatility of our portfolio.
Future Focus
After focusing on optimising operations during 2024, building our capacity and starting to grow our direct investments in 2025, we have now turned our full focus to identifying the level and types of investment required to sustainably grow our asset portfolio, increasing our debt capacity and building networks to deliver on this goal.
Henare Walker CEO
Ngai Tane, Hinerupe ki Waiapu, Ngati Rangi, Te Aitanga a Mate, Te Whanau a Hinekehu
Download a copy of the TRONPnui Group 2025 Annual Report here:
https://www.ngatiporou.com/publication/annual-report-2025
Download a copy of the TRONPnui Group 2025 Financials here:
https://www.ngatiporou.com/publication/annual-consolidated-financial-statement-2025
