L 
13.15
+6.82%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$977.9m
FY2017FY2026
Net income
A$222.4m
FY2017FY2026
Free cash flow
A$167.9m
FY2017FY2026
Shareholders' equity
A$3.49bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$977.9m | A$542.7m | A$464.4m | A$739.3m | A$920.0m | A$489.0m | A$314.1m | A$363.5m | A$374.1m | A$257.0m |
| Gross profit | A$340.7m | A$179.2m | A$184.5m | A$325.6m | A$571.6m | A$179.5m | A$108.3m | A$129.9m | A$121.1m | A$14.7m |
| Operating income | A$241.2m | A$7.3m | A$62.8m | A$279.8m | A$540.6m | A$167.3m | −A$6.2m | A$76.1m | A$81.0m | A$8.6m |
| Net income | A$222.4m | A$8.0m | A$84.5m | A$310.7m | A$540.8m | A$157.1m | −A$19.4m | A$80.0m | A$53.1m | −A$534,000 |
| Diluted earnings per share | 0.22 | 0.01 | 0.09 | 0.33 | 0.60 | 0.17 | -0.02 | 0.11 | 0.07 | -0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$4.33bn | A$2.94bn | A$2.80bn | A$2.64bn | A$2.06bn | A$1.48bn | A$936.1m | A$878.8m | A$764.6m | A$717.7m |
| Cash and short-term investments | A$1.21bn | A$166.5m | A$523.8m | A$1.01bn | A$965.6m | A$680.8m | A$101.7m | A$89.7m | A$42.3m | A$63.9m |
| Total liabilities | A$838.0m | A$591.5m | A$562.1m | A$475.3m | A$416.0m | A$394.2m | A$417.7m | A$343.4m | A$330.2m | A$605.6m |
| Debt | — | A$202.0m | A$184.0m | A$190.4m | A$190.5m | A$173.2m | A$202.0m | A$189.9m | A$225.1m | A$493.4m |
| Shareholders' equity | A$3.49bn | A$2.35bn | A$2.24bn | A$2.16bn | A$1.65bn | A$1.08bn | A$518.4m | A$535.4m | A$434.5m | A$112.2m |
| Shares outstanding | 1,022m | 983m | 940m | 938m | 906m | 906m | 838m | 706m | 721m | 638m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$346.2m | A$104.2m | A$35.0m | A$411.9m | A$457.5m | A$211.1m | A$27.9m | A$104.1m | A$118.5m | A$34.0m |
| Capital spending | −A$178.3m | −A$430.8m | −A$579.3m | −A$595.5m | −A$186.3m | −A$40.4m | −A$12.1m | −A$32.3m | −A$24.2m | −A$2.3m |
| Free cash flow | A$167.9m | −A$326.7m | −A$544.4m | −A$183.6m | A$271.2m | A$170.7m | A$15.8m | A$71.8m | A$94.3m | A$31.7m |
| Dividends paid | — | — | — | — | — | −A$394.1m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$564.3m | A$413.7m | A$302.2m | A$254.3m | A$228.5m | A$234.8m | A$369.3m | A$184.6m |
| Gross profit | A$224.1m | A$116.7m | A$80.8m | A$49.0m | A$56.9m | A$67.3m | A$149.5m | A$77.2m |
| Operating income | A$160.5m | A$80.7m | A$4.0m | A$2.2m | A$43.4m | A$32.2m | A$157.5m | A$63.8m |
| Net income | A$142.1m | A$80.2m | A$2.1m | A$5.9m | A$45.0m | A$39.5m | A$160.6m | A$80.3m |
| Diluted earnings per share | 0.14 | 0.08 | 0.00 | 0.01 | 0.05 | 0.04 | 0.17 | 0.09 |
| Cash from operations | A$257.0m | A$88.0m | A$57.0m | A$59.0m | A$29.0m | A$25.0m | A$212.0m | A$97.0m |
| Capital spending | −A$178.0m | −A$110.0m | −A$163.0m | −A$267.0m | −A$232.0m | −A$346.0m | −A$355.0m | −A$177.0m |
| Free cash flow | A$79.0m | −A$22.0m | −A$106.0m | −A$208.0m | −A$203.0m | −A$321.0m | −A$143.0m | −A$80.0m |
| Total assets | A$4.33bn | A$3.99bn | A$2.94bn | A$2.92bn | A$2.80bn | A$2.72bn | A$2.64bn | A$2.64bn |
| Cash and short-term investments | A$1.21bn | A$1.03bn | A$166.5m | A$308.3m | A$523.8m | A$686.1m | A$1.01bn | A$1.01bn |
| Debt | A$124.7m | A$212.8m | A$202.0m | A$196.1m | A$184.0m | A$183.4m | A$190.4m | — |
| Shareholders' equity | A$3.49bn | A$3.36bn | A$2.35bn | A$2.35bn | A$2.24bn | A$2.20bn | A$2.16bn | A$2.23bn |
Financial ratios
Data as of 29 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 34.8% | 33.0% | 39.7% | 44.0% | 62.1% | 36.7% |
| Operating margin | 24.7% | 1.4% | 13.5% | 37.9% | 58.8% | 34.2% |
| Net margin | 22.7% | 1.5% | 18.2% | 42.0% | 58.8% | 32.1% |
| Return on equity | 6.4% | 0.3% | 3.8% | 14.4% | 32.9% | 14.5% |
| Return on assets | 5.1% | 0.3% | 3.0% | 11.8% | 26.2% | 10.6% |
| Free cash flow yield | 3.8% | 4.0% | 4.8% | 7.9% | 5.2% | 2.0% |
| Revenue growth | 80.2% | 16.8% | -37.2% | -19.6% | 88.1% | 55.7% |
| Earnings growth | 2682.9% | -90.5% | -72.8% | -42.6% | 244.3% | -909.9% |
| Current ratio | 9.35x | 2.83x | 4.18x | 7.19x | 9.41x | 7.18x |
| Debt to equity | 0.04x | 0.07x | 0.08x | 0.08x | 0.11x | 0.16x |
| Equity ratio | 80.6% | 79.9% | 80.0% | 82.0% | 79.8% | 73.3% |
| Interest coverage | 12.68x | 2.45x | 39.59x | 219.47x | 72.44x | 14.34x |
| Buybacks as a share of market value | -4.0% | -4.6% | -0.2% | -3.5% | -0.1% | -8.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.8% | 14.9% | 17.7% |
| Operating income | -4.8% | 7.6% | — |
| Net income | -10.5% | 7.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 34.2% | 37.8% | 43.1% | 37.9% |
| Operating margin | 16.3% | 21.7% | 31.4% | 24.9% |
| Net margin | 15.1% | 23.0% | 32.0% | 23.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 58.8 | — | 71.5 | 21.6 | 13.2 | 58.6 | -171.9 | 20.3 | 21.2 | -2570.1 |
| Price to sales | 13.4 | 22.5 | 13.0 | 9.1 | 7.7 | 18.8 | 10.6 | 4.5 | 3.0 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 30 Nov 2017
- 1.1-for-1 split · 22 Jun 2001
- 5-to-1 reverse split · 23 Jun 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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