$19.7m
profit
(FY25 $56.5)
One of the Trust’s core purposes outlined in the Trust Deed is to preserve capital to ensure long-term sustainability and provide for beneficiaries into the future.
Trust fund since inception
Through careful stewardship over the past three decades, the Trust portfolio has grown significantly, allowing the Trust to support projects and initiatives aligned with our wellbeing framework, He Rangitapu He Tohu Ora.
Since its inception in 1993, the Trust has distributed, invested and delivered $173.8m to support the wellbeing of Tairāwhiti. This includes $97.5m enabling others through grant funding community initiatives and facilities, $54.5m invested in economic development opportunities and $21.8m delivered through Trust‑led operations, programmes and services.
Over this time, Trust equity has grown from $20m to $655m.
Trust equity since inception and key milestones
Trust fund this year
As of 31 March 2026, Trust equity was $655m ($626m FY2025), an increase of $29m on the previous financial year.
Tairāwhiti Investments Limited (formerly Eastland Group Limited), the Trust's commercial holding company, makes up 75 per cent of trust equity. It is the 100 per cent shareholder of Eastland Port and 50 per cent shareholder in Eastland Generation alongside joint venture partner Obayashi Corporation. Both companies operate independently with their own management teams and boards. Tairāwhiti Investments returned 4 per cent for the year, reflecting the continued performance of both companies.
The managed portfolio, representing 20 per cent of trust equity, returned 7 per cent for the year despite global market volatility.
Impact investments make up the remaining 5 per cent of trust equity. Focused on regional opportunities, including the Wood Processing Cluster, they are made with a long-term perspective to generate sustainable returns while supporting regional employment and economic development. The wood cluster had challenges in meeting volumes in the wood engineering business, however, the medium to long-term outlook remains positive.
This year, the Trust distributed $8.8m and invested in or delivered a further $7m across a wide range of community and economic development initiatives and Trust operations.
Trust Fund investment portfolio
$655m
Tairāwhiti
Investments Limited75%
Investments Limited75%
$489m
Port61%
Generation39%
Managed portfolio20%
$134m
Equities59%
Fixed income32%
Cash7%
Property2%
Impact investments5%
$32m
Wood cluster69%
other31%
Tairāwhiti Investments Limited
Tairāwhiti Investments Limited (formerly Eastland Group Limited) makes up the majority of the Trust Group assets and provides the Trust with a dividend stream and capital growth.
Tairāwhiti Investments Limited (TIL) is an investment company that is a 100 per cent shareholder of Eastland Port and a 50 per cent shareholder in Eastland Generation, alongside joint venture partners Obayashi Corporation.
$12m
distributed to Trust Tairāwhiti since 2025/26
12.5%
compound annual growth rate since 2003
Correct as at 31 March 2026
