2025 TIN Report Press Release

• NZ’s top 200 technology export companies by revenue (TIN200 companies) generated $20B in total revenue for FY2025, up $1.80B or 9.9% on FY2024.
• Total TIN200 exports were $15.31B, up $1.69B or 12.4% on FY2024. Tech constitutes NZ’s third largest export earner behind dairy and tourism.
• 40 companies recorded revenue of $100m+, an increase from 19 in FY2015 – and 67 companies now record revenue of more than $50m.
• Total TIN200 employment was 61,369, up 778 or 1.3% on FY2024.
• NZ early-stage capital investment was a total of $467m across 146 deals, up from $349m across 144 deals in FY2024.
• High-Tech Manufacturing companies were the primary growth driver in FY2025, recording a 11.5% increase in revenue to $9.80B.
• Auckland leads the regions, with $10.5B in revenue earned, and Wellington coming second with $5.2B revenue earned.
• Xero and F&P Healthcare are the first two TIN200 companies to reach $2B in revenue.

AUCKLAND, 5 November 2025 – Technology Investment Network (TIN) has released the 2025 TIN Report, revealing a resurgent year for New Zealand’s technology export sector as revenues climbed 9.9% to a record $20 billion. Exports rose 12.4% to $15.31 billion; the TIN tech sector now represents New Zealand’s third-largest source of offshore revenue, behind dairy and tourism, underscoring its role as the country’s leading high-value export industry.

TIN Head of Research, Narjis Adnan, says “Reaching $20 billion in total revenue marks a major milestone for New Zealand’s tech sector. The data shows an industry that’s truly hitting its stride – powered by record R&D investment, rising profitability, and strong offshore demand. What we’re seeing is a globally competitive ecosystem that’s established, resilient, and firmly positioned at the centre of Aotearoa’s economic future.”

Launched at The Cloud in Auckland amongst many industry leaders, investors and founders, the report marks the 21st edition of TIN’s annual ranking of New Zealand’s top 200 technology export companies (TIN200). This year’s theme – “New Rules, No Limits” – reflects the sector’s bold shift toward new markets, technologies and models of growth.

“The tech export sector continues to defy the economic headwinds that have slowed other industries,” said Greg Shanahan, Managing Director of TIN. “We’re seeing a more diverse, globally connected ecosystem of Kiwi companies competing at scale – from advanced manufacturing and aerospace to AI and fintech. This growth has been driven by a long-term focus on innovation, R&D investment and high-value jobs that are reshaping New Zealand’s economic future.”

The report shows employment increased to 61,369, reflecting continued high-value job creation and strong productivity gains. High-Tech Manufacturing remained the largest contributor, expanding 11.5% to $9.8 billion in revenue, reflecting solid performance by medical device and advanced engineering firms. ICT followed with 8.9% growth to $8.93 billion, driven by software, SaaS and fintech leaders such as Xero, Datacom and Windcave. Biotech also rose 4.9% to $1.25 billion, underscoring New Zealand’s strength in health and life sciences.

“After 21 years of tracking New Zealand’s tech economy, we’re seeing a sector that has matured without losing its agility,” Shanahan added. “These companies are writing their own rules – innovating through uncertainty, expanding into new markets and creating opportunities that go beyond traditional economic boundaries. That mindset of ‘no limits’ is what continues to propel Aotearoa’s tech success story.”

There has been a decade of unprecedented expansion. Over the past ten years, TIN200 revenue has grown 123% from $8.95B in 2015 to $19.99B today. The number of home-grown companies earning $200 million or more has sextupled from 3 in 2005 to 19, and those above $100 million have tripled to 40. Global employment within the TIN200 has expanded by nearly 24,000 people, with offshore job creation outpacing domestic growth nearly three-to-one. Fintech and Healthtech have emerged as dual powerhouses, together contributing almost $6 billion in annual revenue, while new entrants in cleantech, aerospace, and advanced manufacturing point to the next generation of high-growth exporters.

As the TIN200 enters its third decade, it stands not only as a measure of industry performance but as evidence of a national transformation – one where technology has become central to Aotearoa New Zealand’s future prosperity.

Download the 2025 TIN Report, which is sponsored by New Zealand Trade and Enterprise (NZTE), Absolute IT, BNZ, ASX and Hamilton City Council, and can be ordered here.