Annual report 2024/25
Published: 14 Oct 2025A report on the Ministry of Business, Innovation and Employment's (MBIE's) work over 2024/25.
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Annual report 2024/25 – Pūrongo ā-tau 2024/25
Hīkina Whakatutuki | The Ministry of Business, Innovation and Employment’s 2024/25 Annual Report is a review of our financial and non-financial performance against our outcomes, priorities and obligations.
On this page
MBIE Karakia
Tāwhia tō mana kia mau, kia māia.
Ka huri taku aro ki te pae kahurangi, kei reira te oranga mōku.
Mā mahi tahi, ka ora, ka puāwai.
Ā mātau mahi katoa, ka pono, ka tika.
Tihei Mauri Ora!
Retain and hold fast to your mana, be bold, be brave.
We turn our attention to the future, that’s where the opportunities lie.
By working together we will flourish and achieve greatness.
Taking responsibility to commit to doing things right.
Tihei Mauri Ora!
We strive to Grow New Zealand for All. Our purpose is underpinned by our 5 strategic outcomes:
- Prosperous and adaptable people, sectors and regions
- Skilled people engaged in safe and productive work
- Competitive markets with informed consumers and businesses
- Strong and resilient economy delivering energy security and value from resources
- Dynamic business environment fostering innovation, technology, and international connections.
This web version of the annual report 2024/25 consists of an extract of financial and non-financial performance information from the full official Annual Report 2024/25.
The official electronic version of the Annual Report 2024/25 is provided in PDF format below. Additional information, including our performance measure results, full financial statements and appendices can be found in the PDF version of the report. We may also publish this document in other electronic formats to improve the accessibility of our information. While these alternative formats may have minor presentation changes, we make every effort to ensure the information is accurately converted.
In this section I tēnei wāhanga
Chief Executive’s introduction
Foreword from Carolyn Tremain, Secretary for Business, Innovation and Employment and Chief Executive and other key information about the Ministry of Business, Innovation and Employment.
About MBIE
At the Ministry of Business, Innovation and Employment (MBIE), everything we do is about Growing New Zealand for all.
Our scope and responsibilities
MBIE’s main responsibilities span 19 interconnected ministerial portfolios (with support for several more) across 3 funding areas (known as Votes).
Our strategic intentions
Te Ara Amiorangi is MBIE’s organisational strategy. Te Ara refers to a pathway, and Amiorangi refers to a celestial navigation point. It sets the direction, highlighting where we need to focus our efforts to achieve our vision – to Grow New Zealand for all. This year, we updated Te Ara Amiorangi to reflect our current priorities and way forward.
Government priorities
MBIE supports the Government of the day in delivering core priorities, including the Government’s quarterly action plans, as well as economic strategies and policies.
The way we work
As a core public service agency, MBIE has an important role in supporting the Government and providing key services to New Zealanders.
Acronyms and glossary
Glossary of terms and acronyms from the annual report.