Sky Network Television stock faces an ACC stake reduction

Published on 10/07/2026 at 04:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACC sold 1,506,997 shares through October 2, reducing its holding to 8.441 percent. FY2026 revenue rose 9 percent to NZD 826.1 million.

SKT, NZSKTE0001S6, Illustration mit AI erstellt.

Sky Network Television (ISIN NZSKTE0001S6) was trading at NZD 3.56 on the NZX on October 7, 2026, with a daily change of -0.70 percent. The latest shareholder disclosure shows that Accident Compensation Corporation sold 1,506,997 shares through October 2, reducing its holding from 9.553 percent to 8.441 percent.

ACC reduces its holding

As The Globe and Mail reported on October 6, 2026, ACC sold the shares for NZD 5.44 million. ACC still held 11,645,523 ordinary shares through the New Zealand Central Securities Depository after the transactions.

The disclosure changes the ownership mix but does not amount to a controlling exit. For investors, the key point is that the sale was spread across transactions from July 30 through October 2 rather than linked to a single trading session.

FY2026 results support dividends

Sky's FY2026 operating profile provides the counterweight to the ownership change. According to the Yahoo Finance transcript of the August 27, 2026 results call, underlying revenue increased 9 percent to NZD 826.1 million in FY2026, while underlying EBITDA rose 6 percent to NZD 157 million.

The cash conversion figures were also material. Normalized free cash flow increased 60 percent, and the FY2026 dividend reached NZD 0.32 per share, up 45 percent from the prior-year level. Management's FY2027 guidance calls for revenue of NZD 825 million to NZD 840 million, EBITDA of NZD 155 million to NZD 165 million and a dividend of at least NZD 0.35 per share.

Consensus sits below the latest quote

Investing.com lists a Buy consensus from five analyst ratings, comprising three Buy ratings, one Hold and one Sell. The average 12-month price target is NZD 3.4800, with targets ranging from NZD 3.00 to NZD 4.00, placing the average below the NZD 3.56 quote used here.

That spread leaves the dividend and FY2027 delivery more important than a simple ownership headline. Sky's stated revenue range is close to FY2026's NZD 826.1 million outcome, while the EBITDA range brackets the prior year's NZD 157 million result.

SKT stock trades at NZD 3.56

SKT stock was last at NZD 3.56 on the NZX on October 7, 2026 at 1:59 p.m. NZDT, with a session range of NZD 3.55 to NZD 3.64 and volume of 10,111 shares. The 52-week range was NZD 3.05 to NZD 3.90, while market capitalization stood at NZD 489.4 million on the same date.