M 
6.62
-0.45%
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 3.22bn
FY2017FY2026
Net income
NZD 320.7m
FY2017FY2026
Free cash flow
NZD 105.9m
FY2017FY2026
Shareholders' equity
NZD 5.26bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 3.22bn | NZD 3.50bn | NZD 3.43bn | NZD 2.73bn | NZD 2.19bn | NZD 2.04bn | NZD 1.77bn | NZD 2.00bn | NZD 1.80bn | NZD 1.60bn |
| Gross profit | NZD 899.3m | NZD 981.0m | NZD 1.11bn | NZD 830.0m | NZD 586.0m | NZD 463.0m | NZD 490.0m | NZD 506.0m | NZD 566.0m | NZD 523.0m |
| Operating income | NZD 691.5m | NZD 224.0m | NZD 554.0m | NZD 486.0m | NZD 355.0m | NZD 242.0m | NZD 283.0m | NZD 276.0m | NZD 365.0m | NZD 334.0m |
| Net income | NZD 320.7m | NZD 1.0m | NZD 290.0m | NZD 103.0m | NZD 469.0m | NZD 141.0m | NZD 207.0m | NZD 357.0m | NZD 234.0m | NZD 184.0m |
| Diluted earnings per share | 0.23 | 0.00 | 0.21 | 0.07 | 0.34 | 0.10 | 0.15 | 0.26 | 0.17 | 0.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 10.54bn | NZD 9.96bn | NZD 12.10bn | NZD 9.42bn | NZD 9.63bn | NZD 7.98bn | NZD 6.88bn | NZD 6.48bn | NZD 6.11bn | NZD 6.00bn |
| Cash and short-term investments | NZD 76.9m | NZD 86.0m | NZD 54.3m | NZD 86.0m | NZD 97.0m | NZD 180.0m | NZD 138.0m | NZD 101.0m | NZD 17.0m | NZD 38.0m |
| Total liabilities | NZD 5.28bn | NZD 5.05bn | NZD 6.11bn | NZD 4.57bn | NZD 4.88bn | NZD 3.79bn | NZD 3.14bn | NZD 2.95bn | NZD 2.80bn | NZD 2.69bn |
| Debt | NZD 2.47bn | NZD 2.28bn | NZD 2.40bn | NZD 1.90bn | NZD 1.96bn | NZD 1.49bn | NZD 1.29bn | NZD 1.23bn | NZD 1.31bn | NZD 1.11bn |
| Shareholders' equity | NZD 5.26bn | NZD 4.90bn | NZD 5.99bn | NZD 4.85bn | NZD 4.75bn | NZD 4.19bn | NZD 3.73bn | NZD 3.54bn | NZD 3.31bn | NZD 3.31bn |
| Shares outstanding | 1,425m | 1,412m | 1,397m | 1,389m | 1,384m | 1,360m | 1,354m | 1,361m | 1,368m | 1,365m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 778.4m | NZD 483.0m | NZD 612.0m | NZD 578.0m | NZD 352.0m | NZD 338.0m | NZD 352.0m | NZD 326.0m | NZD 376.0m | NZD 372.0m |
| Capital spending | −NZD 672.5m | −NZD 467.0m | −NZD 334.0m | −NZD 297.0m | −NZD 114.0m | −NZD 308.0m | −NZD 223.0m | −NZD 93.0m | −NZD 94.0m | −NZD 103.0m |
| Free cash flow | NZD 105.9m | NZD 16.0m | NZD 278.0m | NZD 281.0m | NZD 238.0m | NZD 30.0m | NZD 129.0m | NZD 233.0m | NZD 282.0m | NZD 269.0m |
| Dividends paid | −NZD 226.8m | −NZD 256.0m | −NZD 268.0m | −NZD 258.0m | −NZD 232.0m | −NZD 221.0m | −NZD 214.0m | −NZD 208.0m | −NZD 273.0m | −NZD 253.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.56bn | NZD 1.66bn | NZD 1.74bn | NZD 1.75bn | NZD 1.82bn | NZD 1.60bn | NZD 1.77bn | NZD 883.5m |
| Gross profit | NZD 440.7m | NZD 459.1m | NZD 109.0m | NZD 297.0m | NZD 329.0m | NZD 391.0m | NZD 468.0m | NZD 234.0m |
| Operating income | NZD 331.7m | NZD 360.1m | NZD 103.0m | NZD 297.0m | NZD 329.0m | NZD 391.0m | NZD 242.0m | NZD 121.0m |
| Net income | NZD 300.8m | NZD 20.0m | NZD 68.0m | −NZD 67.0m | NZD 116.0m | NZD 174.0m | −NZD 156.8m | −NZD 78.4m |
| Diluted earnings per share | 0.21 | 0.01 | 0.05 | -0.05 | 0.08 | 0.13 | -0.11 | -0.06 |
| Cash from operations | NZD 416.0m | NZD 362.0m | NZD 265.0m | NZD 227.0m | NZD 329.0m | NZD 349.0m | NZD 143.0m | NZD 143.0m |
| Capital spending | −NZD 399.0m | −NZD 273.0m | −NZD 235.0m | −NZD 202.0m | −NZD 163.0m | −NZD 162.0m | −NZD 108.0m | −NZD 108.0m |
| Free cash flow | NZD 17.0m | NZD 89.0m | NZD 30.0m | NZD 25.0m | NZD 166.0m | NZD 187.0m | NZD 35.0m | NZD 35.0m |
| Total assets | NZD 10.54bn | NZD 9.89bn | NZD 9.96bn | NZD 9.52bn | NZD 9.79bn | NZD 9.52bn | NZD 9.42bn | NZD 11.63bn |
| Cash and short-term investments | NZD 76.9m | NZD 73.0m | NZD 86.0m | NZD 125.0m | NZD 44.0m | NZD 89.0m | NZD 86.0m | NZD 106.2m |
| Debt | NZD 2.47bn | NZD 468.1m | NZD 2.28bn | NZD 636.0m | NZD 1.94bn | NZD 499.0m | NZD 1.90bn | — |
| Shareholders' equity | NZD 5.26bn | NZD 4.81bn | NZD 4.90bn | NZD 4.69bn | NZD 4.85bn | NZD 4.80bn | NZD 4.85bn | NZD 899.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.7% | 9.5% | 7.5% |
| Operating income | 12.5% | 23.4% | 8.3% |
| Net income | 46.0% | 17.9% | 7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 28.0% | 29.7% | 28.5% | 28.8% |
| Operating margin | 13.6% | 15.2% | 14.9% | 15.9% |
| Net margin | 4.8% | 5.5% | 7.7% | 9.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.6 | — | 28.2 | 89.0 | 16.4 | 59.0 | 42.7 | 19.3 | 21.3 | 25.0 |
| Price to sales | 3.0 | 2.6 | 2.4 | 3.4 | 3.5 | 4.1 | 5.0 | 3.4 | 2.8 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 1 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.17 | 0.382 | 0.519 | 0.351 | 0.324 | 0.143 | 0.143 | 0.218 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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