I 
13.08
+0.62%
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 2.41bn
FY2017FY2026
Net income
NZD 449.9m
FY2017FY2026
Free cash flow
−NZD 203.7m
FY2017FY2026
Shareholders' equity
NZD 6.24bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 2.41bn | NZD 2.72bn | NZD 2.55bn | NZD 1.50bn | NZD 1.05bn | NZD 860.4m | NZD 1.04bn | NZD 1.09bn | NZD 1.41bn | NZD 1.48bn |
| Operating income | NZD 136.1m | −NZD 74.0m | NZD 211.2m | NZD 565.4m | NZD 167.2m | NZD 40.8m | NZD 585.1m | NZD 230.7m | NZD 221.4m | NZD 222.2m |
| Net income | NZD 449.9m | −NZD 232.6m | NZD 693.7m | NZD 522.4m | NZD 949.8m | −NZD 40.0m | NZD 195.9m | −NZD 15.8m | NZD 49.1m | NZD 53.7m |
| Diluted earnings per share | 0.54 | -0.27 | 0.83 | 0.63 | 1.31 | -0.06 | 0.28 | -0.02 | 0.09 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 14.76bn | NZD 14.01bn | NZD 13.09bn | NZD 8.28bn | NZD 8.00bn | NZD 7.76bn | NZD 6.16bn | NZD 5.47bn | NZD 5.39bn | NZD 5.52bn |
| Cash and short-term investments | NZD 255.8m | NZD 238.6m | NZD 191.9m | NZD 629.1m | NZD 691.3m | NZD 108.7m | NZD 593.2m | NZD 336.5m | NZD 309.1m | NZD 411.6m |
| Total liabilities | NZD 7.84bn | NZD 7.33bn | NZD 7.02bn | NZD 3.56bn | NZD 3.83bn | NZD 4.44bn | NZD 3.45bn | NZD 3.24bn | NZD 2.84bn | NZD 2.97bn |
| Debt | — | NZD 7.05bn | — | NZD 3.39bn | NZD 3.68bn | NZD 3.61bn | NZD 3.48bn | NZD 2.97bn | NZD 2.67bn | NZD 2.81bn |
| Shareholders' equity | NZD 6.24bn | NZD 5.41bn | NZD 4.81bn | NZD 3.42bn | NZD 3.02bn | NZD 2.15bn | NZD 1.73bn | NZD 1.34bn | NZD 1.57bn | NZD 1.59bn |
| Shares outstanding | 832m | 855m | 832m | 832m | 724m | 723m | 695m | 641m | 566m | 567m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 159.6m | NZD 313.9m | NZD 371.9m | NZD 7.1m | NZD 67.3m | NZD 74.2m | NZD 81.2m | NZD 224.9m | NZD 240.3m | NZD 199.0m |
| Capital spending | −NZD 363.2m | −NZD 486.0m | −NZD 354.6m | −NZD 133.5m | −NZD 98.9m | −NZD 381.1m | −NZD 386.8m | −NZD 209.7m | −NZD 189.8m | −NZD 97.3m |
| Free cash flow | −NZD 203.7m | −NZD 172.1m | NZD 17.3m | −NZD 126.4m | −NZD 31.6m | −NZD 306.9m | −NZD 305.6m | NZD 15.2m | NZD 50.5m | NZD 101.7m |
| Dividends paid | −NZD 158.6m | −NZD 153.3m | −NZD 169.1m | −NZD 209.7m | −NZD 153.1m | −NZD 148.7m | −NZD 167.3m | −NZD 172.9m | −NZD 72.8m | −NZD 67.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.29bn | NZD 1.11bn | NZD 1.24bn | NZD 1.07bn | NZD 1.39bn | NZD 1.19bn | NZD 730.3m | NZD 894.1m |
| Operating income | NZD 119.9m | NZD 16.0m | −NZD 184.8m | NZD 110.8m | −NZD 7.1m | NZD 245.1m | NZD 68.2m | NZD 370.6m |
| Net income | −NZD 45.7m | NZD 488.0m | −NZD 60.2m | −NZD 172.4m | −NZD 260.8m | NZD 954.9m | NZD 607.5m | NZD 299.0m |
| Diluted earnings per share | -0.05 | 0.57 | -0.07 | -0.21 | -0.31 | 1.15 | 0.73 | 0.36 |
| Cash from operations | NZD 132.0m | NZD 26.0m | NZD 238.0m | NZD 75.0m | NZD 236.0m | NZD 166.0m | — | NZD 121.0m |
| Capital spending | −NZD 158.0m | −NZD 201.0m | −NZD 203.0m | −NZD 168.0m | −NZD 220.0m | −NZD 165.0m | — | −NZD 42.0m |
| Free cash flow | −NZD 26.0m | −NZD 175.0m | NZD 35.0m | −NZD 93.0m | NZD 16.0m | NZD 1.0m | — | NZD 79.0m |
| Total assets | NZD 15.42bn | NZD 13.52bn | NZD 14.01bn | NZD 13.07bn | NZD 13.09bn | NZD 12.98bn | NZD 15.98bn | NZD 8.28bn |
| Cash and short-term investments | NZD 255.8m | NZD 177.7m | NZD 238.6m | NZD 403.1m | NZD 191.9m | NZD 119.0m | NZD 146.5m | NZD 629.1m |
| Debt | NZD 5.43bn | NZD 349.9m | NZD 4.84bn | NZD 294.7m | NZD 4.70bn | NZD 119.7m | NZD 6.29bn | NZD 2.60bn |
| Shareholders' equity | NZD 6.28bn | NZD 5.94bn | NZD 5.41bn | NZD 5.42bn | NZD 4.81bn | NZD 5.16bn | NZD 7.99bn | NZD 3.42bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.2% | 22.9% | 5.7% |
| Operating income | -37.8% | 27.3% | -4.0% |
| Net income | -4.9% | — | 2.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.2% | 9.1% | 9.4% | 14.4% |
| Net margin | 4.2% | 15.6% | 21.1% | 17.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.5 | -40.7 | 15.1 | 16.0 | 6.6 | -144.7 | 25.9 | -204.1 | 41.5 | 34.6 |
| Price to sales | 4.6 | 3.5 | 4.1 | 5.6 | 5.9 | 6.7 | 4.9 | 3.0 | 1.4 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 8 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.137 | 0.23 | 0.398 | 0.282 | 0.294 | 0.106 | 0.019 | 0.016 |
- 2-for-1 split · 8 Jun 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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