The Profit

The Profit aims to motivate and uplift businesses in Hawke’s Bay. Since its inception in 2011, we have released more than 30 editions of the magazine. It is published quarterly, in February, May, August, and November. We have featured hundreds of local businesses and leaders, proudly supporting the Hawke’s Bay community. Additionally, our excellent website showcases a variety of the stories we have shared.

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Articles

Hastings council CE Nigel Bickle - 2025 a pivotal year for recovery

1 week ago | theprofit.co.nz | Damon Harvey

Hastings District Council Chief Executive Nigel Bickle sees 2025 as a pivotal year for the region’s ongoing recovery from Cyclone Gabrielle, while expressing cautious optimism about economic growth and development opportunities ahead. Through a jointly funded government and council initiative, 167 properties across Hastings and Napier were identified for voluntary buyouts, with 153 in Hastings alone.
Ready access to aggregate crucial to Bay’s recovery

3 weeks ago | theprofit.co.nz | Damon Harvey

For local Hawke’s Bay civil infrastructure company Tūpore, 2024 was a tale of two distinct chapters. The first half saw the company firing on all cylinders, tackling cyclone recovery projects alongside their regular work for local and national government clients. However, as chief executive Gavin O’Connor explains, the second half brought new challenges as funding decisions and government changes slowed the pace of projects. Despite these hurdles, 2024 delivered major wins for the company.
Napier Port chief eyes steady recovery amid global uncertainties

3 weeks ago | theprofit.co.nz | Damon Harvey

Napier Port’s chief executive Todd Dawson remains cautiously optimistic about 2025, pointing to encouraging signs of recovery in key trade volumes while acknowledging the complex global landscape ahead. “I’m optimistic about improvement ahead,” he says of the region’s economic outlook.
Thrive in 2025 - Changes in business climate shape HR consulting landscape, Andrea Stevenson

1 month ago | theprofit.co.nz | Damon Harvey

Baker Tilly HR director Andrea Stevenson has observed a significant shift in HR consulting demands throughout 2024, reflecting broader economic uncertainties. While previous years saw businesses focused on growth initiatives like recruitment and leadership development, the past year brought a pivot toward more defensive strategies.
Thrive in 2025 - Compliance and reporting a key challenge in 2025 - Paul Harvey

1 month ago | theprofit.co.nz | Damon Harvey

Despite challenges in the property market throughout 2024, Williams Harvey Valuers demonstrated remarkable resilience, achieving consistently solid performance even in the face of limited stock and high interest rates. Director and valuer Paul Harvey says he was “pleasantly surprised” by the sustained level of instructions throughout the past ten months. Williams Harvey, based in Hastings, is one of the region’s oldest and most established valuation businesses.
Thrive in 2025 - Leading through change: Bayden Barber and Ngāti Kahungunu’s vision for Hawke’s Bay

1 month ago | theprofit.co.nz | Damon Harvey

In the wake of a transformative year, Ngāti Kahungunu leader Bayden Barber reflects on the iwi’s journey through 2024 and shares his vision for the region’s future. From responding to natural disasters to driving economic growth, the iwi’s story is one of resilience, adaptation, and unwavering commitment to community wellbeing.
Thrive in 2025 - Unison – balancing recovery and future growth - The Profit

1 month ago | theprofit.co.nz | Damon Harvey

Unison Group is gearing up for significant transformation in 2025, as New Zealand’s fifth largest electricity distributor adapts to meet evolving energy demands while strengthening network resilience. CEO Jaun Park sees both challenges and opportunities ahead for the company, which manages over 9,300km of power lines serving more than 114,000 customers across Hawke’s Bay, Taupō and Rotorua.
Local business leaders share insights into business and economy - Thrive in 25 series

1 month ago | theprofit.co.nz | Damon Harvey

As Hawke’s Bay positions itself to Thrive in 2025, the region’s business and community leaders are cautiously optimistic, pointing to falling interest rates and early signs of economic revival across key sectors. In wide-ranging interviews with business leaders, council executives, and iwi representatives, common themes emerge: a focus on infrastructure renewal, sustainable growth, and the critical importance of water security for the region’s future prosperity.
AI study driven by lifting business performance - Matt Crowther

1 month ago | theprofit.co.nz | Damon Harvey

Matt Crowther is on a mission to champion the adoption of AI, transforming the way Hawke’s Bay businesses operate and compete on a global scale. Matt has forged a career as a project and operations manager working for the likes of Firstlight Foods and Sirtrack, a NZ owned telemetry business which was sold to global giant Lotek.
Local businesses dip toes into AI technology

1 month ago | theprofit.co.nz | Damon Harvey

How is your business using AI technology or planning to use AI? The latest Work Trend Index by Microsoft says New Zealand workers are the third fastest adopters of generative AI tools globally and AI could add up to $102 billion to GDP per year by 2038. The Profit asked some local business leaders how they are adopting AI technology and whether they see it as a game changer or an evolution in their business.