M 
5.65
+1.07%
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 3.13bn
FY2017FY2026
Net income
NZD 105.5m
FY2017FY2026
Free cash flow
NZD 457.8m
FY2017FY2026
Shareholders' equity
NZD 8.08bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 3.13bn | NZD 3.89bn | NZD 3.94bn | NZD 2.60bn | NZD 3.07bn | NZD 3.96bn | NZD 3.39bn | NZD 3.47bn | NZD 2.75bn | NZD 2.31bn |
| Operating income | NZD 653.4m | NZD 576.7m | NZD 612.5m | NZD 668.5m | NZD 536.9m | NZD 578.0m | NZD 376.0m | NZD 557.0m | NZD 374.0m | NZD 364.0m |
| Net income | NZD 105.5m | −NZD 367.2m | NZD 348.5m | NZD 77.2m | NZD 366.3m | NZD 428.0m | NZD 176.0m | NZD 339.0m | NZD 201.0m | NZD 197.0m |
| Diluted earnings per share | 0.04 | -0.14 | 0.13 | 0.03 | 0.14 | 0.17 | 0.07 | 0.13 | 0.08 | 0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 13.91bn | NZD 12.16bn | NZD 13.54bn | NZD 8.14bn | NZD 7.61bn | NZD 9.86bn | NZD 9.62bn | NZD 9.66bn | NZD 8.63bn | NZD 8.66bn |
| Cash and short-term investments | NZD 415.6m | NZD 99.9m | NZD 221.0m | NZD 172.2m | NZD 294.9m | NZD 148.0m | NZD 176.0m | NZD 78.0m | NZD 60.0m | NZD 80.0m |
| Total liabilities | NZD 5.83bn | NZD 4.92bn | NZD 5.30bn | NZD 3.28bn | NZD 3.12bn | NZD 4.63bn | NZD 4.54bn | NZD 4.20bn | NZD 3.81bn | NZD 3.58bn |
| Debt | — | NZD 1.57bn | NZD 1.38bn | NZD 1.26bn | NZD 1.20bn | NZD 1.77bn | NZD 1.79bn | NZD 1.50bn | NZD 1.52bn | NZD 1.24bn |
| Shareholders' equity | NZD 8.08bn | NZD 7.25bn | NZD 8.25bn | NZD 4.86bn | NZD 4.49bn | NZD 5.22bn | NZD 5.08bn | NZD 5.46bn | NZD 4.82bn | NZD 5.08bn |
| Shares outstanding | 2,649m | 2,629m | 2,596m | 2,584m | 2,579m | 2,570m | 2,562m | 2,563m | 2,563m | 2,563m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 657.5m | NZD 258.3m | NZD 541.8m | NZD 413.5m | NZD 374.5m | NZD 431.0m | NZD 605.0m | NZD 635.0m | NZD 427.0m | NZD 470.0m |
| Capital spending | −NZD 199.7m | −NZD 149.5m | −NZD 228.3m | −NZD 267.2m | −NZD 139.7m | −NZD 114.0m | −NZD 63.0m | −NZD 69.0m | −NZD 55.0m | −NZD 54.0m |
| Free cash flow | NZD 457.8m | NZD 108.8m | NZD 313.5m | NZD 146.2m | NZD 234.8m | NZD 317.0m | NZD 542.0m | NZD 566.0m | NZD 372.0m | NZD 416.0m |
| Dividends paid | −NZD 305.2m | −NZD 314.4m | −NZD 354.2m | −NZD 343.6m | −NZD 292.4m | −NZD 433.0m | −NZD 546.0m | −NZD 500.0m | −NZD 486.0m | −NZD 477.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.51bn | NZD 1.62bn | NZD 2.10bn | NZD 1.83bn | NZD 2.23bn | NZD 1.71bn | NZD 1.68bn | NZD 846.5m |
| Operating income | NZD 314.1m | NZD 339.6m | NZD 125.9m | NZD 450.8m | NZD 279.4m | NZD 199.8m | NZD 248.0m | −NZD 61.0m |
| Net income | −NZD 78.7m | NZD 184.4m | −NZD 268.9m | −NZD 98.3m | NZD 193.3m | NZD 155.2m | −NZD 106.0m | −NZD 53.0m |
| Diluted earnings per share | -0.03 | 0.07 | -0.10 | -0.04 | 0.07 | 0.06 | -0.04 | -0.02 |
| Cash from operations | NZD 384.0m | NZD 272.0m | NZD 217.0m | NZD 40.0m | NZD 295.0m | NZD 303.0m | NZD 122.0m | NZD 122.0m |
| Capital spending | −NZD 142.0m | −NZD 57.0m | −NZD 31.0m | −NZD 84.0m | −NZD 112.0m | −NZD 155.0m | −NZD 90.0m | −NZD 90.0m |
| Free cash flow | NZD 242.0m | NZD 215.0m | NZD 186.0m | −NZD 44.0m | NZD 183.0m | NZD 148.0m | NZD 32.0m | NZD 32.0m |
| Total assets | NZD 13.91bn | NZD 12.29bn | NZD 12.16bn | NZD 10.55bn | NZD 11.00bn | NZD 8.28bn | NZD 8.14bn | NZD 10.02bn |
| Cash and short-term investments | NZD 415.6m | NZD 148.7m | NZD 99.9m | NZD 90.2m | NZD 179.5m | NZD 179.5m | NZD 172.2m | NZD 212.0m |
| Debt | NZD 1.65bn | NZD 86.9m | NZD 1.28bn | NZD 400.5m | NZD 1.10bn | NZD 312.7m | NZD 1.01bn | — |
| Shareholders' equity | NZD 8.08bn | NZD 7.22bn | NZD 7.25bn | NZD 6.37bn | NZD 6.70bn | NZD 4.78bn | NZD 4.86bn | NZD 5.99bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.3% | -4.6% | 5.0% |
| Operating income | -0.8% | 2.5% | 9.4% |
| Net income | 11.0% | -24.4% | -3.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.5% | 18.5% | 17.6% | 16.2% |
| Net margin | -3.7% | 1.2% | 4.7% | 5.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 140.1 | -40.1 | 44.0 | 185.5 | 36.9 | 29.1 | 108.0 | 37.8 | 43.4 | 38.0 |
| Price to sales | 4.7 | 3.8 | 3.9 | 5.5 | 4.4 | 3.1 | 5.6 | 3.7 | 3.2 | 3.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 2 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.161 | 0.274 | 0.637 | 0.262 | 0.244 | 0.104 | 0.026 | 0.092 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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