Fletcher Building

Fletcher Building has returned to profit in FY26, delivering improved earnings, stronger cashflow and reduced debt as reported in our FY26 Annual Results released today.

Today’s results reflect an important year of progress for Fletcher Building despite continued challenging market conditions across New Zealand and Australia.

The results reflect the work underway to simplify and strengthen the Group, sharpen our focus on manufacturing and distributing building products, and give our businesses greater ownership to make faster decisions closer to their customers and markets.

There’s more work ahead, but we enter FY27 with a stronger platform and a clear focus on continuing to execute our strategy, while positioning the Group to capture opportunities as our markets recover.

Read our full FY26 results on our website -

Fletcher Building Returns to Profit in FY26 Fletcher Building has returned to profit in FY26, delivering improved earnings, stronger cashflow and reduced debt as reported in our FY26 Annual Results released 19 August 2026.

Sometimes good ideas simply start with a conversation, a fresh perspective and a willingness to ask, "Is there a better way?"

Damaged plasterboard from GIB®'s Auckland distribution centre is now getting a second life instead of heading for disposal, thanks to a lunchtime conversation that inspired an initiative focused on saving in more ways than one: saving waste, saving time, and saving money.

Rather than sending damaged plasterboard offsite for disposal, the team now returns recyclable board to Winstone Wallboards' Tauriko manufacturing site, where it's processed and transformed into raw material for new plasterboard.

In just two months, more than 32 tonnes of plasterboard has been diverted from disposal, returning recycled material to the manufacturing process.

It's a great example of how innovation comes from anyone, anywhere.

Congratulations to Nathan Marshall and the Auckland warehouse team for finding a solution that's delivering both environmental and commercial benefits.

Safety isn't just about procedures. It's about people, culture and the choices we make every day. Congratulations to the team at Winstone Aggregates' Ōtaika Quarry for taking home the top Safety Award at the 2026 QuarryNZ Conference, marking the fifth time the Northland operation has received this prestigious industry recognition.

The award recognises quarry operations that go beyond compliance to create a genuine culture of safety through workforce engagement, proactive risk management and continuous improvement.

Thornton Williams, Chief Executive Heavy Building Materials, said the award recognises the team's unwavering commitment to looking after one another.

"Safety isn't something that's added to the job, it's the way the job gets done. Every conversation, every decision and every action contributes to creating a workplace where everyone can go home safely at the end of the day."

The celebrations extended beyond the team award, with Luana Misa receiving the prestigious R.D. Hassed Memorial Trophy, while Ethan Stevens and the wider Ōtaika team were also recognised for their outstanding contribution to the industry.

Congratulations to everyone at Ōtaika Quarry on this well-deserved recognition! Your commitment to creating a safer workplace continues to set the standard for our industry.

Read more at: https://fletcherbuilding.com/news/national-recognition-for-otaika-quarry

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Did you know Pink® Batts® insulation is made using more than 80% recycled window glass, diverting over nine million kilograms of glass waste from landfill each year?

Our business, Comfortech is now taking another step forward in lower‑impact manufacturing. Through a new partnership with Lodestone Energy, 100% of the electricity used at our Penrose site will be matched with renewable energy generated from Lodestone’s solar farms.

Comfortech General Manager Anthony Stone says the move is both operationally driven and future‑focused.

“Switching to solar‑backed energy strengthens our commitment to leading lower‑impact manufacturing in our industry and responds to growing demand for more sustainable building materials,” Anthony says.

We are proud to support this next step and to be part of the future of manufacturing as it continues to evolve in New Zealand.

Anthony recently visited Lodestone’s Whitianga solar farm, Pāmu Rā ki Whitianga — pictured here with Lodestone Managing Director Gary Holden and the team.

Read the full media release here:
https://lodestoneenergy.co.nz/solar-emerging-as-a-viable-solution-for-energy-intensive-industries/

Look around New Zealand building sites and you might see the bright purple of GIB® Weatherline® being installed.

Made by Fletcher Building business Winstone Wallboards, this product is designed for the most exposed phase of a build - before the cladding goes on. It uses a solid sheet that sits around the outside of a building and helps keep wind and rain out while work continues inside. That's possible thanks to its glass fibre outer sheet, protecting a fibreglass reinforced gypsum core.

This product is a great example of the Winstone Wallboards team's goal of creating products that make life easier for builders by helping to navigate complex regulations and deal with unexpected setbacks. In the case of GIB Weatherline®, the product allows a building process that’s more forgiving when timelines slip or the weather turns.

To learn more about GIB Weatherline® visit www.gib.co.nz/weatherline

About Winstone Wallboards

Manufactured under the iconic GIB® brand, Winstone Wallboards is New Zealand's only manufacturer and largest marketer of gypsum plasterboard, drywall systems, associated products and services. GIB® plasterboard systems meet and exceed the requirements of New Zealand's stringent building codes, with 2027 marking 100 years of GIB® plasterboard being locally made for local conditions.

A crisp two-degree start didn’t deter 120 customers from gathering at PlaceMakers Riccarton to attend a trade breakfast alongside Prime Minister, The RT. Hon. Christopher Luxon on Friday.

Joined by National list MP Nancy Lu and Ilam MP Hamish Campbell, the Prime Minister gave a brief speech to the customers, who were invited by PlaceMakers Account Managers from across the city. He then took questions on issues affecting the construction sector, before chatting to the crowd one-on-one over bacon butties and coffee.

Christchurch Hub Manager Dale King, who oversees the city’s four PlaceMakers branches, said it was the first time a sitting Prime Minister had attended such an event. "I particularly enjoyed the opportunity to see the Prime Minister engaging with our customers on the issues that matter to them - including the opening of the new One New Zealand Stadium!"

Pictured (L-R) Keven Chen, PlaceMakers Head of Asian Business; Dale King; Prime Minister Christopher Luxon; Rob Payne, PlaceMakers Christchurch Hub Service Manager.

From the Beehive to Batts®! Today Hon Chris Penk MP, Minister for Building and Construction, took a tour of the Comfortech Building Performance Solutions® manufacturing facility, home of Pink® Batts® insulation.

The visit provided a chance for the Minister to see firsthand how this iconic kiwi product is made right here in New Zealand.

During his visit, the Minister toured the site alongside General Manager Anthony Stone, National Manufacturing Manager Murray Inwood, Chief Executive Fletcher Building Light Building Products Division Hamish McBeath and Fletcher Building Chief Corporate Affairs Officer Christian May, getting a firsthand look at our production process and the innovation behind it.

The team also took the time to meet some of the people who make it all happen - including Patrick Teisina, one of the business' Melter Operators who has recently celebrated an incredible 50 years of service. A milestone like that speaks volumes about the strength of our business and the people behind it.

We’re proud to be part of New Zealand's manufacturing story, delivering quality products and supporting local communities.

Small teams can create a big impact. 💪 Safety legends Winstone Wallboards (WWB) in Wellington have been recognised as the #1 safest WWB site across Fletcher Building in our Protect Safety Culture Maturity Index.

And it’s no accident.

This team has built a culture where safety is part of every decision. They keep a strong presence on the floor, look out for each other at all times, and aren’t afraid to speak up or call things out. They’ve redesigned how their site operates to reduce risks, prioritise safety in real time, and support each other through cross-training so no one is left exposed.

As they put it: “You can’t put safety on hold.”

It’s a great example of what happens when a team takes real ownership, not just of the work, but of each other.

Outstanding effort from the Wellington crew for setting the benchmark and congratulations on joining our league of safety legends! 👏



(Team L-R: Garry King (Team Leader), Ted Tata, Jay Jones, Remuera Tiatoa)