MetService annual results announcement (FY26)
The Directors of MetService announce a $1.314 million operating profit for the 2025/26 financial year, with a year-on-year increase of revenue of 4% and a total shareholder return of 27.4%.
MetService Chair Martin Matthews says this is a reasonable result considering the challenging market conditions and one-off costs we’ve absorbed this year.
“Like many businesses, over the last year MetService operated against a backdrop of constrained economic activity and continuing global uncertainty. Despite this, revenue growth was achieved across several key markets, reflecting the benefit of the breadth of the services we provide to diverse markets.
It also reflects the commitment and hard work of the people of MetService. As we prepare to join forces with Earth Sciences New Zealand, subject to the enabling legislation, our people have remained engaged and supportive of this future direction, while continuing to deliver high-quality weather forecasting and services that New Zealanders rely on every day.
The world in which we operate has and will continue to change dramatically. This has impacted our profitability over several years. This challenges us to think differently about how we design and deliver our services, leveraging the unique advantages we have with our meteorological expertise, national observing network, and understanding of New Zealand conditions.
As we look to the future, we feel confident in the continuing demand for our specialist services and the opportunities to expand our offering through capabilities enabled by becoming part of Earth Sciences.
This bodes well for strengthening New Zealand’s preparedness for, and response to, increasingly severe weather and climate-related events, while pursuing sustainable commercial growth.
Together with Earth Sciences, we will build an enhanced weather forecasting system that is fit for the future and able to meet the demands of a changing climate, more frequent and severe weather events and evolving community needs and expectations,” says Martin Matthews.
Several significant highlights of 2025/26
Cyclone Vaianu generated millions of views of our digital channels and extensive national media coverage. Over five days, our Facebook content resulted in more than 11.4 million views, MetTV attracted more than 281,000 views, and MetService was referenced in 545 media stories.
Following the Government’s announcement of a new weather radar for the Nelson Tasman region, we have been working with Nelson City and Tasman District Councils to progress technical requirements and site selection.
Construction began on a $4.4 million weather radar project for the Solomon Islands through the Weather Ready Pacific programme supported by the Ministry of Foreign Affairs & Trade.
We moved into our new National Forecast Centre at 55 Molesworth Street, providing a resilient, purpose-built home that supports the critical work we do every day.
We have worked closely with Earth Sciences to build strong relationships, complete joint discovery to identify opportunities and improve efficiency while developing the vision, benefits and goals of the enhanced forecasting system. Great progress has been made co-designing a three-year plan to start building the enhanced system.
Core Services delivered in 2025/26 included:
453,403 Land-based forecasts
295 Severe Weather Warnings including eight Red Warning weather events.
105,551 Marine forecasts and warnings
65,947 Aviation forecasts and warnings
985+ Severe weather briefings to councils
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