E 
12.91
-2.64%
Close of 6 Nov 2026, in AUD
At a glance
Figures in AUD, from our data supplier.
Revenue
A$5.56bn
FY2017FY2026
Net income
A$1.48bn
FY2017FY2026
Free cash flow
A$1.43bn
FY2017FY2026
Shareholders' equity
A$5.83bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$5.56bn | A$4.35bn | A$3.22bn | A$2.23bn | A$2.06bn | A$1.86bn | A$1.94bn | A$1.51bn | A$1.54bn | A$1.48bn |
| Gross profit | A$2.49bn | A$1.56bn | A$923.3m | A$416.2m | A$486.6m | A$575.2m | A$651.9m | A$376.8m | A$400.0m | A$328.5m |
| Operating income | A$2.36bn | A$1.46bn | A$838.0m | A$359.1m | A$437.8m | A$530.0m | A$611.2m | A$329.3m | A$355.3m | A$277.5m |
| Net income | A$1.48bn | A$926.2m | A$422.3m | A$163.5m | A$323.3m | A$345.3m | A$301.6m | A$218.2m | A$263.4m | A$217.6m |
| Diluted earnings per share | 0.73 | 0.46 | 0.21 | 0.09 | 0.18 | 0.19 | 0.18 | 0.13 | 0.15 | 0.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$10.55bn | A$9.64bn | A$8.82bn | A$6.75bn | A$6.63bn | A$3.96bn | A$3.78bn | A$3.09bn | A$3.06bn | A$2.95bn |
| Cash and short-term investments | A$1.35bn | A$759.6m | A$403.3m | A$46.1m | A$572.4m | A$160.1m | A$372.6m | A$335.2m | A$323.2m | A$37.4m |
| Total liabilities | A$4.72bn | A$4.68bn | A$4.68bn | A$3.46bn | A$3.38bn | A$1.42bn | A$1.31bn | A$687.4m | A$767.9m | A$817.2m |
| Debt | — | A$1.77bn | A$2.02bn | A$1.82bn | A$1.86bn | A$636.3m | A$605.2m | A$293.4m | A$386.0m | A$436.1m |
| Shareholders' equity | A$5.83bn | A$4.96bn | A$4.14bn | A$3.29bn | A$3.25bn | A$2.53bn | A$2.46bn | A$2.41bn | A$2.29bn | A$2.13bn |
| Shares outstanding | 2,033m | 2,022m | 1,993m | 1,859m | 1,841m | 1,819m | 1,714m | 1,708m | 1,706m | 1,699m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$2.64bn | A$1.97bn | A$1.28bn | A$735.3m | A$776.7m | A$757.0m | A$1.01bn | A$616.2m | A$714.2m | A$650.8m |
| Capital spending | −A$1.20bn | −A$1.18bn | −A$918.3m | −A$838.7m | −A$669.1m | −A$437.3m | −A$469.2m | −A$339.8m | −A$307.9m | −A$1.16bn |
| Free cash flow | A$1.43bn | A$790.2m | A$363.2m | −A$103.4m | A$107.6m | A$319.7m | A$536.1m | A$276.4m | A$406.2m | −A$505.5m |
| Dividends paid | −A$515.4m | −A$161.0m | −A$76.5m | −A$91.7m | −A$146.6m | −A$273.4m | −A$221.4m | −A$127.1m | −A$109.9m | −A$52.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$2.76bn | A$2.79bn | A$2.32bn | A$234.7m | A$2.03bn | A$1.88bn | A$1.34bn | A$1.09bn |
| Gross profit | A$1.25bn | A$1.25bn | A$919.5m | A$123.9m | A$639.5m | A$609.1m | A$293.9m | A$187.6m |
| Operating income | A$1.17bn | A$1.19bn | A$859.5m | A$58.9m | A$599.4m | A$575.8m | A$176.4m | A$162.4m |
| Net income | A$708.5m | A$766.6m | A$561.1m | A$18.7m | A$365.1m | A$325.4m | A$96.9m | A$62.6m |
| Diluted earnings per share | 0.35 | 0.38 | 0.28 | 0.01 | 0.18 | 0.16 | 0.05 | 0.03 |
| Cash from operations | A$1.39bn | A$1.25bn | A$1.13bn | — | A$832.0m | A$854.0m | A$426.0m | A$218.0m |
| Capital spending | −A$852.0m | −A$351.0m | −A$614.0m | — | −A$562.0m | −A$526.0m | −A$391.0m | −A$211.0m |
| Free cash flow | A$533.0m | A$900.0m | A$519.0m | — | A$270.0m | A$328.0m | A$35.0m | A$7.0m |
| Total assets | A$10.55bn | A$10.02bn | A$9.64bn | — | A$9.15bn | A$8.82bn | A$8.25bn | A$6.75bn |
| Cash and short-term investments | A$1.35bn | A$966.5m | A$759.6m | — | A$521.3m | A$403.3m | A$191.0m | A$46.1m |
| Debt | A$15.5m | A$1.48bn | A$1.77bn | — | A$2.08bn | A$2.02bn | A$1.96bn | A$1.79bn |
| Shareholders' equity | A$5.83bn | A$5.63bn | A$4.96bn | — | A$4.43bn | A$4.14bn | A$3.85bn | A$3.29bn |
Financial ratios
Data as of 22 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 44.8% | 35.8% | 28.7% | 18.7% | 23.6% | 30.9% |
| Operating margin | 42.5% | 32.9% | 26.1% | 16.1% | 21.2% | 28.4% |
| Net margin | 26.5% | 21.3% | 13.1% | 7.3% | 15.7% | 18.5% |
| Return on equity | 25.3% | 18.7% | 10.2% | 5.0% | 9.9% | 13.6% |
| Return on assets | 14.0% | 9.6% | 4.8% | 2.4% | 4.9% | 8.7% |
| Free cash flow yield | 13.8% | 11.4% | 8.1% | 6.2% | 5.8% | 4.8% |
| Revenue growth | 27.7% | 35.3% | 44.4% | 7.8% | 10.8% | -4.0% |
| Earnings growth | 59.3% | 119.3% | 158.3% | -49.4% | -6.4% | 14.5% |
| Current ratio | 1.83x | 1.53x | 1.09x | 0.57x | 1.17x | 1.33x |
| Debt to equity | 0.00x | 0.35x | 0.48x | 0.54x | 0.57x | 0.25x |
| Equity ratio | 55.3% | 51.4% | 47.0% | 48.8% | 49.1% | 64.1% |
| Interest coverage | 20.71x | 10.05x | 6.46x | 4.46x | 9.37x | 25.57x |
| Buybacks as a share of market value | -0.6% | -1.4% | -7.2% | -1.0% | -1.2% | -6.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.7% | 24.4% | 15.4% |
| Operating income | 87.3% | 34.8% | 29.5% |
| Net income | 108.2% | 33.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.9% | 35.1% | 33.5% | 31.2% |
| Operating margin | 38.5% | 32.7% | 31.0% | 28.6% |
| Net margin | 24.2% | 19.5% | 19.0% | 17.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.1 | 27.7 | 22.7 | 45.0 | 17.0 | 21.4 | 28.4 | 29.7 | 23.9 | 20.7 |
| Price to sales | 4.8 | 5.9 | 3.0 | 3.3 | 2.7 | 4.0 | 4.4 | 4.3 | 4.1 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 9 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.21 | 0.471 | 0.171 | 0.057 | 0.071 | 0.114 | 0.229 | 0.186 |
- 11-to-1 reverse split · 27 Nov 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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