A 
0.38
0.00%
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 7.01bn
FY2017FY2026
Net income
−NZD 241.8m
FY2017FY2026
Free cash flow
−NZD 337.7m
FY2017FY2026
Shareholders' equity
NZD 1.68bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 7.01bn | NZD 6.75bn | NZD 6.75bn | NZD 6.33bn | NZD 2.73bn | NZD 2.51bn | NZD 4.83bn | NZD 5.79bn | NZD 5.50bn | NZD 5.11bn |
| Research and development | — | NZD 41.0m | NZD 39.0m | NZD 42.0m | NZD 46.0m | NZD 47.0m | NZD 46.0m | NZD 42.0m | NZD 37.0m | NZD 30.0m |
| Operating income | −NZD 256.7m | NZD 926.0m | NZD 228.0m | NZD 587.0m | −NZD 730.0m | NZD 334.0m | −NZD 76.0m | NZD 346.0m | NZD 559.0m | NZD 545.0m |
| Net income | −NZD 241.8m | NZD 126.0m | NZD 146.0m | NZD 412.0m | −NZD 591.0m | −NZD 292.0m | −NZD 454.0m | NZD 270.0m | NZD 390.0m | NZD 382.0m |
| Diluted earnings per share | -0.07 | 0.04 | 0.04 | 0.12 | -0.17 | -0.26 | -0.40 | 0.24 | 0.35 | 0.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 9.09bn | NZD 8.73bn | NZD 8.55bn | NZD 9.20bn | NZD 8.35bn | NZD 6.68bn | NZD 7.54bn | NZD 7.62bn | NZD 7.85bn | NZD 7.17bn |
| Cash and short-term investments | NZD 988.2m | NZD 1.44bn | NZD 1.28bn | NZD 2.23bn | NZD 1.79bn | NZD 266.0m | NZD 438.0m | NZD 1.05bn | NZD 1.34bn | NZD 1.37bn |
| Total liabilities | NZD 7.41bn | NZD 6.79bn | NZD 6.54bn | NZD 7.12bn | NZD 6.67bn | NZD 5.59bn | NZD 6.22bn | NZD 5.63bn | NZD 5.67bn | NZD 5.18bn |
| Debt | NZD 3.19bn | NZD 2.84bn | NZD 2.82bn | NZD 3.33bn | NZD 3.37bn | NZD 3.31bn | NZD 3.71bn | NZD 2.60bn | NZD 2.73bn | NZD 2.51bn |
| Shareholders' equity | NZD 1.68bn | NZD 1.95bn | NZD 2.01bn | NZD 2.08bn | NZD 1.68bn | NZD 1.10bn | NZD 1.32bn | NZD 1.99bn | NZD 2.18bn | NZD 1.99bn |
| Shares outstanding | 3,234m | 3,234m | 3,419m | 3,395m | 3,381m | 1,124m | 1,123m | 1,122m | 1,119m | 1,137m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 818.4m | NZD 940.0m | NZD 810.0m | NZD 1.85bn | NZD 574.0m | NZD 318.0m | NZD 230.0m | NZD 986.0m | NZD 1.03bn | NZD 904.0m |
| Capital spending | −NZD 1.16bn | −NZD 780.0m | −NZD 791.0m | −NZD 602.0m | −NZD 365.0m | −NZD 226.0m | −NZD 615.0m | −NZD 821.0m | −NZD 809.0m | −NZD 853.0m |
| Free cash flow | −NZD 337.7m | NZD 160.0m | NZD 19.0m | NZD 1.25bn | NZD 209.0m | NZD 92.0m | −NZD 385.0m | NZD 165.0m | NZD 222.0m | NZD 51.0m |
| Dividends paid | −NZD 41.0m | −NZD 93.0m | −NZD 276.0m | — | −NZD 1.64bn | −NZD 135.6m | −NZD 130.0m | −NZD 260.0m | −NZD 260.0m | −NZD 530.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 3.57bn | NZD 3.44bn | NZD 3.35bn | NZD 3.40bn | NZD 3.28bn | NZD 3.47bn | NZD 3.25bn | NZD 1.63bn |
| Operating income | −NZD 222.8m | −NZD 27.0m | NZD 398.0m | NZD 528.0m | NZD 393.0m | NZD 548.0m | NZD 292.0m | NZD 146.0m |
| Net income | −NZD 201.8m | −NZD 40.0m | NZD 20.0m | NZD 106.0m | NZD 17.0m | NZD 129.0m | NZD 199.0m | NZD 99.5m |
| Diluted earnings per share | -0.06 | -0.01 | 0.01 | 0.03 | 0.00 | 0.04 | 0.06 | 0.03 |
| Cash from operations | NZD 605.0m | NZD 213.0m | NZD 516.0m | NZD 424.0m | NZD 399.0m | NZD 411.0m | NZD 881.0m | NZD 440.0m |
| Capital spending | −NZD 463.0m | −NZD 693.0m | −NZD 483.0m | −NZD 297.0m | −NZD 333.0m | −NZD 458.0m | −NZD 315.0m | −NZD 157.0m |
| Free cash flow | NZD 142.0m | −NZD 480.0m | NZD 33.0m | NZD 127.0m | NZD 66.0m | −NZD 47.0m | NZD 566.0m | NZD 283.0m |
| Total assets | NZD 9.09bn | NZD 9.14bn | NZD 8.73bn | NZD 8.84bn | NZD 8.55bn | NZD 8.75bn | NZD 9.20bn | NZD 9.20bn |
| Cash and short-term investments | NZD 988.2m | NZD 1.09bn | NZD 1.44bn | NZD 1.54bn | NZD 1.28bn | NZD 1.67bn | NZD 2.23bn | NZD 2.23bn |
| Debt | NZD 1.85bn | NZD 878.1m | NZD 1.56bn | NZD 524.0m | NZD 1.72bn | NZD 179.0m | NZD 2.03bn | — |
| Shareholders' equity | NZD 1.68bn | NZD 1.83bn | NZD 1.95bn | NZD 2.05bn | NZD 2.01bn | NZD 2.01bn | NZD 2.08bn | NZD 2.12bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.5% | 22.8% | 3.0% |
| Net income | — | -3.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.9% | 5.5% | 3.4% | 5.4% |
| Net margin | -0.8% | 1.6% | -1.4% | 1.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.2 | 14.9 | 14.1 | 5.2 | -4.3 | -0.0 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.3 | 0.9 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 11 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.038 | 0.031 | 0.094 | 0.105 | 0.187 | 0.096 | 0.166 |
- 5-to-1 reverse split · 24 Aug 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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