D 
4.32
-2.92%
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 349.6m
FY2016FY2025
Net income
NZD 49.0m
FY2016FY2025
Free cash flow
NZD 59.3m
FY2016FY2025
Shareholders' equity
NZD 586.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 349.6m | NZD 378.3m | NZD 381.4m | NZD 325.6m | NZD 305.4m | NZD 304.2m | NZD 278.0m | NZD 272.1m | NZD 252.7m | NZD 247.3m |
| Gross profit | NZD 162.0m | NZD 149.9m | NZD 169.8m | NZD 151.0m | NZD 146.3m | NZD 153.7m | NZD 134.1m | NZD 152.2m | NZD 136.9m | NZD 142.2m |
| Operating income | NZD 92.7m | NZD 81.3m | NZD 104.5m | NZD 95.6m | NZD 95.0m | NZD 97.6m | NZD 79.0m | NZD 80.0m | NZD 70.3m | NZD 76.8m |
| Net income | NZD 49.0m | NZD 31.4m | NZD 64.8m | NZD 63.0m | NZD 61.9m | NZD 65.4m | NZD 46.8m | NZD 46.8m | NZD 40.7m | NZD 48.1m |
| Diluted earnings per share | 0.48 | 0.31 | 0.64 | 0.62 | 0.61 | 0.65 | 0.46 | 0.46 | 0.40 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 1.13bn | NZD 1.12bn | NZD 1.06bn | NZD 967.3m | NZD 883.8m | NZD 827.4m | NZD 795.8m | NZD 773.8m | NZD 658.8m | NZD 640.0m |
| Cash and short-term investments | NZD 8.6m | NZD 9.4m | NZD 6.6m | NZD 5.1m | NZD 8.9m | NZD 14.8m | NZD 5.6m | NZD 4.3m | NZD 4.5m | NZD 4.4m |
| Total liabilities | NZD 548.5m | NZD 559.9m | NZD 518.5m | NZD 467.9m | NZD 430.0m | NZD 416.9m | NZD 439.1m | NZD 447.8m | NZD 351.7m | NZD 360.0m |
| Debt | NZD 441.1m | NZD 464.1m | NZD 419.6m | NZD 378.1m | NZD 356.7m | NZD 338.4m | NZD 362.4m | NZD 374.7m | NZD 282.5m | NZD 287.1m |
| Shareholders' equity | NZD 586.1m | NZD 556.0m | NZD 544.8m | NZD 499.5m | NZD 453.9m | NZD 410.5m | NZD 356.7m | NZD 326.0m | NZD 307.1m | NZD 280.0m |
| Shares outstanding | 101m | 101m | 101m | 101m | 101m | 101m | 101m | 101m | 101m | 101m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 105.7m | NZD 56.9m | NZD 59.7m | NZD 65.6m | NZD 74.3m | NZD 84.3m | NZD 59.6m | NZD 57.8m | NZD 59.2m | NZD 42.5m |
| Capital spending | −NZD 46.4m | −NZD 66.0m | −NZD 62.9m | −NZD 36.5m | −NZD 59.8m | −NZD 27.2m | −NZD 30.4m | −NZD 45.9m | −NZD 40.5m | −NZD 113.0m |
| Free cash flow | NZD 59.3m | −NZD 9.1m | −NZD 3.1m | NZD 29.2m | NZD 14.5m | NZD 57.1m | NZD 29.2m | NZD 11.9m | NZD 18.7m | −NZD 70.6m |
| Dividends paid | −NZD 20.2m | −NZD 20.2m | −NZD 20.2m | −NZD 20.2m | −NZD 17.2m | −NZD 17.2m | −NZD 15.2m | −NZD 13.1m | −NZD 12.1m | −NZD 11.1m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 179.6m | NZD 170.9m | NZD 178.6m | NZD 175.3m | NZD 203.1m | NZD 172.3m | NZD 209.2m | NZD 143.7m |
| Gross profit | NZD 85.4m | NZD 79.8m | NZD 82.2m | NZD 59.8m | NZD 90.1m | NZD 73.4m | NZD 96.4m | NZD 68.1m |
| Operating income | NZD 47.8m | NZD 47.6m | NZD 45.1m | NZD 25.3m | NZD 56.0m | NZD 41.5m | NZD 63.0m | NZD 39.8m |
| Net income | NZD 22.8m | NZD 36.6m | NZD 12.5m | −NZD 2.1m | NZD 33.4m | NZD 24.1m | NZD 40.7m | NZD 26.3m |
| Diluted earnings per share | 0.23 | 0.36 | 0.12 | -0.02 | 0.33 | 0.24 | 0.40 | 0.26 |
| Cash from operations | NZD 62.0m | NZD 30.0m | NZD 75.0m | NZD 21.0m | NZD 35.0m | NZD 24.0m | NZD 35.0m | NZD 45.0m |
| Capital spending | −NZD 10.0m | −NZD 8.0m | −NZD 37.0m | −NZD 22.0m | −NZD 43.0m | −NZD 32.0m | −NZD 30.0m | −NZD 21.0m |
| Free cash flow | NZD 52.0m | NZD 22.0m | NZD 38.0m | −NZD 1.0m | −NZD 8.0m | −NZD 8.0m | NZD 5.0m | NZD 24.0m |
| Total assets | NZD 1.14bn | NZD 1.13bn | NZD 1.13bn | NZD 1.12bn | NZD 1.11bn | NZD 1.06bn | NZD 1.01bn | NZD 967.3m |
| Cash and short-term investments | NZD 16.4m | NZD 8.6m | NZD 8.2m | NZD 9.4m | NZD 5.3m | NZD 6.6m | NZD 8.1m | NZD 5.1m |
| Debt | NZD 416.2m | NZD 431.3m | NZD 449.8m | NZD 454.4m | NZD 448.6m | NZD 414.3m | NZD 402.6m | NZD 333.3m |
| Shareholders' equity | NZD 592.2m | NZD 586.1m | NZD 552.0m | NZD 556.0m | NZD 556.2m | NZD 544.8m | NZD 518.4m | NZD 499.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.4% | 2.8% | 4.2% |
| Operating income | -1.0% | -1.0% | 3.4% |
| Net income | -8.0% | -5.6% | 4.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.8% | 44.1% | 45.6% | 48.8% |
| Operating margin | 23.9% | 26.1% | 27.7% | 28.2% |
| Net margin | 11.0% | 14.5% | 16.4% | 16.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.5 | 15.3 | 10.1 | 16.4 | 23.2 | 23.5 | 26.0 | 21.3 | 20.0 | 12.2 |
| Price to sales | 1.3 | 1.3 | 1.7 | 3.2 | 4.7 | 5.0 | 4.4 | 3.7 | 3.2 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 23 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.313 | 0.313 | 0.313 | 0.313 | 0.035 | 0.236 | 0.03 | 0.208 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.