New Zealand's largest electronic RUC provider, with 56% of heavy-vehicle RUC kilometres on its platform at 31 March 2026.
EROAD Limited is a New Zealand-founded, publicly listed transport technology company providing electronic road-user-charging, fleet telematics, safety and regulatory-compliance services. Its platform combines in-vehicle hardware, GPS-based distance measurement, fleet-management software and video telematics. At 31 March 2026 EROAD reported 238,389 units across New Zealand, Australia and North America. New Zealand remained its largest and strongest market; the company was prioritising growth in New Zealand and Australia while repositioning, rather than exiting, its North American operation.
NZTA-approved in-cab electronic distance recorder and telematics unit providing electronic RUC, driver identification, messaging and driver-safety feedback.
EROAD's web and mobile fleet-management platform for vehicle and asset tracking, trip review, geofencing, reporting, safety information and access to supported video footage.
Light-vehicle tracking and video-telematics devices, including Clarity Locate, Solo, Get and Connected.
AI-assisted video-telematics products for detecting selected driving risks and reviewing event footage. The Multicam system, launched in February 2026, supports additional side, rear, cabin or cargo cameras.
NZTA-approved electronic distance recorders used for connected-vehicle and trailer RUC services.
Service for recording distance, displaying licence information, purchasing RUC through AutoRUC and producing records for off-road refund claims.
E Road Limited was incorporated on 17 May 2000 (company number 1036814; NZBN 9429037254377).
EROAD began operating its nationwide GPS-based electronic road-user-charging service in New Zealand.
The company changed its name from E Road Limited to EROAD Limited on 10 April 2013.
EROAD listed on the NZX Main Board following an initial public offering at $3.00 per share.
EROAD expanded into North America.
Steven Newman became chief executive.
EROAD acquired Coretex Limited for approximately $188 million.
Mark Heine was appointed chief executive, effective 21 June 2022.
Volaris Group made an unsolicited $1.30-per-share acquisition proposal. EROAD's board rejected the proposal as undervaluing the company.
EROAD reported a $1.4 million profit after tax for the year ended 31 March 2025. In October it announced a strategic refocus on New Zealand and Australia and an expected impairment of up to $150 million relating to North America; John Scott became Executive Chair on 17 October.
For the year ended 31 March 2026 EROAD reported $195.2 million revenue, a $161.1 million loss after tax and a $134.7 million impairment of North American goodwill and other assets. It retained and repositioned its North American operation, completed the New Zealand 4G hardware upgrade, and Mark Heine left as chief executive in June. Shareholders subsequently elected Ryan Brosnahan and Ian Whiting to the board and rejected proposals to remove John Scott and Sara Gifford.
Executive Chair
Appointed a director in March 2025 and Executive Chair in October 2025 to lead EROAD's transformation. His background is in technology product development, operations, marketing and executive leadership, including roles at Invenco and Navico.
Vacant
Mark Heine's employment ended on 10 June 2026. EROAD said in May that recruitment for a successor was well progressed, but no appointment had been announced by 30 July 2026.
Chief Financial Officer
Member of EROAD's FY26 executive team.
Executive General Manager – New Zealand
Leads EROAD's New Zealand regional operation.
Former Chief Executive Officer (2022–2026)
Appointed in June 2022 and left in June 2026.
EROAD is an NZTA-approved electronic RUC provider and describes itself as New Zealand's largest provider. At 31 March 2026, EROAD reported that 56% of New Zealand heavy-vehicle RUC kilometres were recorded on its platform. Its commercial service records distance, displays electronic licence information, supports automatic RUC purchases and produces information for off-road refund claims.
2 February 2026 - Land Transport (Revenue) Amendment Bill
EROAD appeared before the Transport and Infrastructure Committee. Mark Heine and regulatory director Peter Carr represented the company. A directly accessible written submission was not located, so detailed policy positions should not be attributed without further evidence.
Volaris Group proposed acquiring EROAD for $1.30 per share in 2023. EROAD's board rejected the proposal as undervaluing the company. The event should be described as an unsolicited acquisition approach; the current claim that Volaris remains a roughly 19% shareholder is not supported by current substantial-holder disclosures.
EROAD announced an expected North American impairment of up to $150 million in October 2025. Its FY26 accounts recognised $134.7 million of impairment and a $161.1 million group loss after tax. EROAD did not withdraw from North America: at 31 March 2026 the region had 87,830 units, generated $74.4 million revenue and was being repositioned around a smaller, self-funding operation.
EROAD replaced legacy New Zealand hardware ahead of the 3G network closure and reported the upgrade complete in FY26. FY26 reporting identified $14.3 million of one-off free-cash-flow costs in FY26 and $7.6 million in FY25, rather than substantiating the profile's approximately $32 million figure.
Ampfield nominated three director candidates and proposed removing John Scott and Sara Gifford. At the June 2026 annual meeting shareholders elected board-supported candidates Ryan Brosnahan and Ian Whiting, rejected the other two candidates, and rejected both removal resolutions.
1036814
9429037254377
NZ Limited Company
17 May 2000
260 Oteha Valley Road, Albany, Auckland, 0632, New Zealand
Barry Einsig
Elizabethtown, United States
Sara Lynne Gifford
Boston, United States
David John Green
Auckland, New Zealand
Cameron Ann Kinloch
Austin, United States
Susan Marie Paterson
Auckland, New Zealand
John Caedmon Scott
Auckland, New Zealand
187,966,817 total shares
HSBC Custody Nominees (Australia) Limited
40,872,727 shares · Sydney, Australia
HSBC Nominees (New Zealand) Limited A/C State Street
19,249,440 shares · Auckland, New Zealand
Citicorp Nominees Pty Limited
13,914,203 shares · Sydney, Australia
JP Morgan Nominees Australia Limited
12,186,539 shares · Sydney, Australia
Accident Compensation Corporation - NZCSD
10,582,177 shares · Wellington, New Zealand
NMC Trustees Limited
9,853,024 shares · Auckland, New Zealand
Anthony Henry Kandziora
7,923,414 shares · Auckland, New Zealand
HSBC Custody Nominees (Australia) Limited A/C 2
7,228,314 shares · Sydney, Australia
UBS Nominees Pty Limited
3,883,681 shares · Sydney, Australia
Bond Street Custodians Limited
3,700,000 shares · Sydney, Australia
Source: NZ Companies Office · Last checked February 2026
View on Companies RegisterAnalysis of notable corporate and institutional shareholders. Individual shareholders are excluded.
Ampfield
Ampfield Management, L.P.
Reported a relevant interest in 32,291,952 shares, or 17.11% of EROAD, at 19 June 2026. The interests were held for Ampfield-managed funds through Pershing and BNY Mellon custodial arrangements. Ampfield nominated three candidates and proposed two director removals at the 2026 annual meeting; only Ian Whiting was elected.
Regal Partners
Regal Partners Funds Management Pty Limited
Reported relevant interests over 29,639,922 shares, or 15.759%, at 26 May 2026. This included direct relevant interests for managed funds and derivative interests. The underlying positions appeared under several registered custodians, illustrating why nominee-register totals should not be treated as beneficial ownership.
Anthony Kandziora
Anthony Henry Kandziora
Reported 11,816,928 shares, or 6.26% of EROAD, at 26 June 2026 after on-market purchases.
Custodian and nominee accounts
Registered nominee holdings
Names such as HSBC Custody Nominees, Citicorp Nominees, JP Morgan Nominees and UBS Nominees are registered holders for one or more underlying clients. Their register positions should not be presented as single beneficial stakes without tracing current substantial-holder notices or other ownership disclosures.
