Jeremy Hutton: Milford Asset Management Equities Analyst on Spark reducing their profit outlook and dividend payout - Heather du Plessis-Allan Drive

Spark has reduced its earnings and dividend guidance for the 2025 year, saying its financial performance 'falls short of what is acceptable'.

The company said its operating earnings (Ebitdai) were expected to fall to around $1.12-$1.18 billion in 2025, down 4% from a previous forecast of $1.165-$1.22b.

The company has reduced its dividend forecast from 27.5 cents to 25c, 75% imputed.

Milford Asset Management's Jeremy Hutton unpacks the downturn.

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