Operator
Thank you for standing by, and welcome to the Fletcher Building Fiscal Year ’26 Half Year Results Briefing. [Operator Instructions]. I would now like to hand the conference over to Mr. Andrew Reding, Managing Director and Group Chief Executive Officer. Please go ahead.
Andrew Reding
Group CEO, MD & Director
Good morning, everyone, and thank you for joining us for Fletcher Building’s half year results for the 6 months ended 31st of December 2025. Turning to the agenda on Slide 3. I will begin with an overview of the first half of financial year ’26 and the key themes for the half and then step through our operating performance across the divisions.
Will Wright, our CFO, will follow with a detailed review of the financial results, and I will then return to discuss our outlook for the remainder of the year.
Turning to Slide 5. Overall, conditions remain tough, particularly in New Zealand. And whilst we have some earlier operation — early operational and efficiency improvements from the implementation of our strategic plan, we still have a long way to go. There are 5 key messages from the half. Firstly, our performance was mixed across the period with quarter 2 volume improvements
