A 
8.87
+1.03%
Close of 9 Nov 2026, in NZD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NZD, from our data supplier.
Revenue
NZD 1.01bn
FY2017FY2026
Net income
NZD 334.4m
FY2017FY2026
Free cash flow
−NZD 451.6m
FY2017FY2026
Shareholders' equity
NZD 10.83bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.01bn | NZD 929.3m | NZD 836.7m | NZD 591.4m | NZD 281.9m | NZD 268.4m | NZD 542.3m | NZD 717.2m | NZD 650.4m | NZD 603.5m |
| Operating income | NZD 466.8m | NZD 428.5m | NZD 400.2m | NZD 221.1m | NZD 169.6m | NZD 168.6m | NZD 269.4m | NZD 451.0m | NZD 416.5m | NZD 487.2m |
| Net income | NZD 334.4m | NZD 420.7m | NZD 5.5m | NZD 43.2m | NZD 191.6m | NZD 464.2m | NZD 193.9m | NZD 523.5m | NZD 650.1m | NZD 332.9m |
| Diluted earnings per share | 0.20 | 0.25 | 0.00 | 0.03 | 0.13 | 0.32 | 0.13 | 0.43 | 0.54 | 0.28 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 14.78bn | NZD 14.06bn | NZD 12.42bn | NZD 10.83bn | NZD 10.15bn | NZD 9.78bn | NZD 9.30bn | NZD 8.70bn | NZD 8.20bn | NZD 6.50bn |
| Cash and short-term investments | NZD 55.4m | NZD 567.8m | NZD 219.7m | NZD 107.7m | NZD 24.7m | NZD 79.5m | NZD 780.7m | NZD 37.3m | NZD 106.7m | NZD 45.7m |
| Total liabilities | NZD 3.95bn | NZD 3.59bn | NZD 3.81bn | NZD 2.45bn | NZD 2.00bn | NZD 1.85bn | NZD 2.66bn | NZD 2.66bn | NZD 2.51bn | NZD 2.47bn |
| Debt | NZD 2.77bn | NZD 2.49bn | NZD 2.68bn | NZD 1.82bn | NZD 1.48bn | NZD 1.39bn | NZD 2.15bn | NZD 2.19bn | NZD 2.06bn | NZD 2.06bn |
| Shareholders' equity | NZD 10.83bn | NZD 10.47bn | NZD 8.61bn | NZD 8.38bn | NZD 8.15bn | NZD 7.93bn | NZD 6.64bn | NZD 6.03bn | NZD 5.68bn | NZD 4.03bn |
| Shares outstanding | 1,699m | 1,706m | 1,555m | 1,474m | 1,472m | 1,472m | 1,472m | 1,229m | 1,204m | 1,194m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 451.3m | NZD 474.3m | NZD 496.3m | NZD 325.1m | NZD 101.2m | NZD 60.6m | NZD 175.8m | NZD 375.9m | NZD 321.2m | NZD 307.1m |
| Capital spending | −NZD 903.0m | −NZD 937.8m | −NZD 847.2m | −NZD 484.5m | −NZD 232.8m | −NZD 148.0m | −NZD 240.5m | −NZD 246.1m | −NZD 319.1m | −NZD 257.8m |
| Free cash flow | −NZD 451.6m | −NZD 463.5m | −NZD 350.9m | −NZD 159.4m | −NZD 131.6m | −NZD 87.4m | −NZD 64.7m | NZD 129.8m | NZD 2.1m | NZD 49.3m |
| Dividends paid | −NZD 138.0m | −NZD 153.0m | −NZD 99.8m | — | — | — | −NZD 104.3m | −NZD 201.6m | −NZD 198.2m | −NZD 210.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 504.0m | NZD 509.6m | NZD 488.7m | NZD 472.6m | NZD 435.5m | NZD 421.5m | NZD 324.6m | NZD 162.3m |
| Operating income | NZD 223.7m | NZD 243.3m | NZD 235.9m | NZD 355.0m | NZD 313.9m | NZD 324.3m | NZD 136.5m | NZD 68.3m |
| Net income | NZD 157.6m | NZD 177.0m | NZD 233.4m | NZD 187.3m | −NZD 113.2m | NZD 118.7m | NZD 38.4m | NZD 19.2m |
| Diluted earnings per share | 0.09 | 0.10 | 0.14 | 0.12 | -0.07 | 0.08 | 0.03 | 0.01 |
| Cash from operations | NZD 290.0m | NZD 161.0m | NZD 254.0m | NZD 186.0m | NZD 287.0m | NZD 209.0m | NZD 184.0m | NZD 92.0m |
| Capital spending | −NZD 497.0m | −NZD 406.0m | −NZD 435.0m | −NZD 533.0m | −NZD 426.0m | −NZD 475.0m | −NZD 272.0m | −NZD 136.0m |
| Free cash flow | −NZD 207.0m | −NZD 245.0m | −NZD 181.0m | −NZD 347.0m | −NZD 139.0m | −NZD 266.0m | −NZD 88.0m | −NZD 44.0m |
| Total assets | NZD 14.78bn | NZD 14.29bn | NZD 14.06bn | NZD 13.59bn | NZD 12.42bn | NZD 11.34bn | NZD 10.83bn | NZD 10.83bn |
| Cash and short-term investments | NZD 55.4m | NZD 360.7m | NZD 567.8m | NZD 789.4m | NZD 219.7m | NZD 59.2m | NZD 107.7m | NZD 107.7m |
| Debt | NZD 2.77bn | NZD 380.8m | NZD 2.49bn | NZD 323.6m | NZD 2.68bn | NZD 366.8m | NZD 1.82bn | — |
| Shareholders' equity | NZD 10.83bn | NZD 10.58bn | NZD 10.47bn | NZD 10.05bn | NZD 8.61bn | NZD 8.44bn | NZD 8.38bn | NZD 3.71bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.7% | 30.4% | 6.3% |
| Operating income | 28.3% | 22.6% | 0.5% |
| Net income | 97.8% | -6.3% | 2.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 46.1% | 45.0% | 47.3% | 56.2% |
| Net margin | 38.9% | 23.8% | 37.2% | 49.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 44.2 | 33.8 | — | 300.3 | 60.0 | 24.4 | 57.5 | 20.6 | 13.3 | 23.3 |
| Price to sales | 14.6 | 15.3 | 16.2 | 21.9 | 40.8 | 42.2 | 20.6 | 15.0 | 13.3 | 12.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 15 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.068 | 0.211 | 0.20 | 0.168 | 0.02 | 0.172 | 0.038 | 0.034 |
- 10-to-9 reverse split · 3 Apr 2014
- 4-for-1 split · 11 Apr 2005
- 1.221-to-1 reverse split · 21 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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