The fourth edition of Hubexo’s Construction League reveals the velocity of New Zealand’s leading builders, ranking the top 50 firms by the total value of projects that commenced construction during 2025. Spanning the commercial, community, industrial, legal and military, and multi-residential sectors, our report provides a breakdown of activity, from total number of project commencements to average and total project values.
This year’s top 50 builders commenced construction on 842 projects, comparable to last year’s numbers with only a 5% year-on-year drop. The total values of those starts saw a slight lift to $8.7 billion, underscoring a market that continues to prioritise large-scale and high-quality development. The top 10 recorded 238 project commencements, totalling $4.7 billion in combined value. With only a marginal decrease in totals year-on-year, firms continue to focus on pipeline resilience in the face of significant market headwinds.
Reclaiming its position as number one builder, Naylor Love saw just over $1 billion in project commencements. The industry titan started 103 projects in 2025, setting a Construction League record.
“While the broader economy navigated significant inflationary pressures in 2025, New Zealand’s construction sector experienced a turbulent year amid persistent labour and fiscal constraints”.
— Ashleigh Porter, President, APAC, Hubexo
“These rankings highlight more than execution and investment capability. They reflect a sector adjusting to more selective capital conditions, where funding is increasingly directed toward proven performers and high-margin specialists, and market value is shaped by delivery certainty and operational efficiency”.
— Ashleigh Porter, President, APAC, Hubexo
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Hubexo, formerly Byggfakta Group, was founded in Sweden in 1936. At the core of Hubexo’s offerings are five key product pillars—Market Intelligence, Project Information, Product Information, Specification and eTendering—that together create a powerful ecosystem spanning 1.3 million active projects, 50,000 customers and 25 countries. Hubexo’s global product network drives better decision-making, unlocks sales opportunities and promotes sustainable construction. Hubexo provides clients with the insights needed to navigate the complex construction landscape, boosting growth and driving efficiency through advanced technology solutions.