3.63
+0.55%
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 5.99bn
FY2017FY2026
Net income
NZD 227.8m
FY2017FY2026
Free cash flow
NZD 440.7m
FY2017FY2026
Shareholders' equity
NZD 3.95bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 5.99bn | NZD 6.99bn | NZD 7.68bn | NZD 7.68bn | NZD 8.50bn | NZD 8.12bn | NZD 7.31bn | NZD 8.31bn | NZD 9.47bn | NZD 9.40bn |
| Gross profit | NZD 1.62bn | NZD 1.95bn | NZD 2.16bn | NZD 2.40bn | NZD 2.51bn | NZD 2.34bn | NZD 1.81bn | NZD 2.28bn | NZD 1.70bn | NZD 2.08bn |
| Research and development | NZD 2.0m | — | NZD 3.0m | NZD 5.0m | NZD 2.0m | NZD 2.0m | NZD 1.0m | NZD 5.0m | NZD 2.0m | NZD 3.0m |
| Operating income | NZD 405.7m | NZD 7.0m | NZD 494.0m | NZD 730.0m | NZD 723.0m | NZD 649.0m | NZD 153.0m | NZD 535.0m | −NZD 176.0m | NZD 497.0m |
| Net income | NZD 227.8m | −NZD 419.0m | −NZD 227.0m | NZD 235.0m | NZD 432.0m | NZD 305.0m | −NZD 196.0m | NZD 164.0m | −NZD 190.0m | NZD 94.0m |
| Diluted earnings per share | 0.21 | -0.39 | -0.24 | 0.30 | 0.50 | 0.35 | -0.22 | 0.18 | -0.20 | 0.14 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 7.48bn | NZD 7.90bn | NZD 8.87bn | NZD 9.08bn | NZD 8.42bn | NZD 7.97bn | NZD 8.78bn | NZD 7.71bn | NZD 8.54bn | NZD 7.67bn |
| Cash and short-term investments | NZD 144.9m | NZD 139.0m | NZD 311.0m | NZD 365.0m | NZD 351.0m | NZD 666.0m | NZD 1.10bn | NZD 1.37bn | NZD 665.0m | NZD 219.0m |
| Total liabilities | NZD 3.52bn | NZD 4.29bn | NZD 5.55bn | NZD 5.40bn | NZD 4.66bn | NZD 4.24bn | NZD 5.24bn | NZD 3.54bn | NZD 4.40bn | NZD 4.09bn |
| Debt | NZD 2.02bn | NZD 2.67bn | NZD 3.54bn | NZD 3.40bn | NZD 2.69bn | NZD 2.55bn | NZD 3.51bn | NZD 1.70bn | NZD 1.94bn | NZD 2.17bn |
| Shareholders' equity | NZD 3.95bn | NZD 3.60bn | NZD 3.32bn | NZD 3.65bn | NZD 3.75bn | NZD 3.72bn | NZD 3.50bn | NZD 4.14bn | NZD 4.12bn | NZD 3.56bn |
| Shares outstanding | 1,091m | 1,075m | 940m | 783m | 861m | 864m | 894m | 906m | 974m | 696m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 728.4m | NZD 501.0m | NZD 398.0m | NZD 388.0m | NZD 592.0m | NZD 879.0m | NZD 410.0m | NZD 153.0m | NZD 396.0m | NZD 243.0m |
| Capital spending | −NZD 287.8m | −NZD 280.0m | −NZD 402.0m | −NZD 445.0m | −NZD 404.0m | −NZD 231.0m | −NZD 240.0m | −NZD 348.0m | −NZD 304.0m | −NZD 319.0m |
| Free cash flow | NZD 440.7m | NZD 221.0m | −NZD 4.0m | −NZD 57.0m | NZD 188.0m | NZD 648.0m | NZD 170.0m | −NZD 195.0m | NZD 92.0m | −NZD 76.0m |
| Dividends paid | −NZD 21.0m | −NZD 5.0m | −NZD 124.0m | −NZD 311.0m | −NZD 292.0m | −NZD 130.0m | −NZD 137.0m | −NZD 75.0m | −NZD 123.0m | −NZD 260.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 3.13bn | NZD 2.87bn | NZD 3.41bn | NZD 4.42bn | NZD 4.24bn | NZD 5.25bn | NZD 5.17bn | NZD 2.09bn |
| Gross profit | NZD 872.3m | NZD 901.2m | NZD 951.0m | NZD 1.23bn | NZD 1.16bn | NZD 1.51bn | NZD 1.63bn | NZD 661.0m |
| Operating income | NZD 267.8m | NZD 138.0m | NZD 204.0m | NZD 201.3m | NZD 291.4m | NZD 318.6m | NZD 511.2m | NZD 207.0m |
| Net income | NZD 238.8m | −NZD 11.0m | −NZD 285.0m | −NZD 165.5m | −NZD 132.1m | −NZD 148.2m | NZD 176.6m | NZD 71.5m |
| Diluted earnings per share | 0.22 | -0.01 | -0.27 | -0.18 | -0.14 | -0.19 | 0.23 | 0.09 |
| Cash from operations | NZD 566.0m | NZD 162.0m | NZD 528.0m | −NZD 6.0m | NZD 491.0m | −NZD 126.0m | NZD 364.0m | NZD 295.0m |
| Capital spending | −NZD 137.0m | −NZD 150.0m | −NZD 119.0m | −NZD 198.0m | −NZD 496.0m | −NZD 183.0m | −NZD 126.0m | −NZD 102.0m |
| Free cash flow | NZD 429.0m | NZD 12.0m | NZD 409.0m | −NZD 204.0m | −NZD 5.0m | −NZD 309.0m | NZD 238.0m | NZD 193.0m |
| Total assets | NZD 7.48bn | NZD 7.75bn | NZD 7.90bn | NZD 10.38bn | NZD 8.87bn | NZD 11.02bn | NZD 9.08bn | NZD 9.08bn |
| Cash and short-term investments | NZD 144.9m | NZD 62.0m | NZD 139.0m | NZD 249.4m | NZD 311.0m | NZD 265.5m | NZD 365.0m | NZD 365.0m |
| Debt | NZD 986.8m | NZD 2.51bn | NZD 2.67bn | NZD 3.60bn | NZD 3.54bn | NZD 4.66bn | NZD 3.40bn | — |
| Shareholders' equity | NZD 3.95bn | NZD 3.66bn | NZD 3.60bn | NZD 4.84bn | NZD 3.32bn | NZD 4.17bn | NZD 3.65bn | NZD 3.63bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.9% | -5.9% | -4.0% |
| Operating income | -17.8% | -9.0% | -4.9% |
| Net income | -1.0% | -5.7% | -6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.5% | 28.7% | 28.9% | 26.1% |
| Operating margin | 3.2% | 5.8% | 6.7% | 5.3% |
| Net margin | -1.5% | -0.6% | 1.2% | 1.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.5 | -9.4 | -11.8 | 15.9 | 9.4 | 20.8 | -26.9 | 28.1 | -25.0 | 53.9 |
| Price to sales | 0.7 | 0.6 | 0.3 | 0.5 | 0.5 | 0.8 | 0.7 | 0.6 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Sept 2023.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.626 | 0.462 | 0.12 | 0.15 | 0.08 | 0.032 | 0.068 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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