M 
67.01
-0.73%
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 5.24bn
FY2016FY2025
Net income
NZD 274.3m
FY2016FY2025
Free cash flow
NZD 330.7m
FY2016FY2025
Shareholders' equity
NZD 2.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 5.24bn | NZD 4.72bn | NZD 5.68bn | NZD 5.22bn | NZD 3.54bn | NZD 3.09bn | NZD 2.95bn | NZD 2.62bn | NZD 2.33bn | NZD 2.28bn |
| Gross profit | NZD 2.21bn | NZD 2.09bn | NZD 2.23bn | NZD 1.86bn | NZD 1.40bn | NZD 1.29bn | NZD 1.16bn | NZD 1.01bn | NZD 900.5m | NZD 857.4m |
| Operating income | NZD 432.7m | NZD 427.6m | NZD 612.0m | NZD 510.4m | NZD 284.1m | NZD 228.9m | NZD 203.9m | NZD 167.3m | NZD 154.0m | NZD 135.2m |
| Net income | NZD 274.3m | NZD 208.7m | NZD 426.5m | NZD 355.4m | NZD 188.1m | NZD 159.2m | NZD 137.6m | NZD 107.7m | NZD 101.5m | NZD 87.6m |
| Diluted earnings per share | 2.72 | 2.07 | 4.24 | 3.53 | 1.87 | 1.58 | 1.36 | 0.44 | 1.03 | 0.88 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 4.07bn | NZD 3.78bn | NZD 3.44bn | NZD 3.03bn | NZD 2.49bn | NZD 2.30bn | NZD 1.50bn | NZD 1.38bn | NZD 1.28bn | NZD 1.28bn |
| Cash and short-term investments | NZD 179.4m | NZD 213.6m | NZD 342.0m | NZD 202.3m | NZD 139.6m | NZD 116.1m | NZD 115.2m | NZD 80.5m | NZD 75.3m | NZD 93.8m |
| Total liabilities | NZD 2.08bn | NZD 1.93bn | NZD 1.72bn | NZD 1.60bn | NZD 1.37bn | NZD 1.34bn | NZD 664.6m | NZD 667.1m | NZD 639.2m | NZD 694.9m |
| Debt | NZD 1.35bn | NZD 1.22bn | NZD 1.00bn | NZD 814.6m | NZD 827.2m | NZD 900.4m | NZD 245.7m | NZD 277.4m | NZD 288.3m | NZD 359.0m |
| Shareholders' equity | NZD 2.00bn | NZD 1.85bn | NZD 1.73bn | NZD 1.43bn | NZD 1.12bn | NZD 966.3m | NZD 838.3m | NZD 709.6m | NZD 645.6m | NZD 583.7m |
| Shares outstanding | 101m | 101m | 101m | 101m | 101m | 101m | 101m | 257m | 101m | 100m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 584.4m | NZD 504.8m | NZD 757.2m | NZD 503.8m | NZD 376.3m | NZD 300.8m | NZD 197.4m | NZD 140.2m | NZD 131.2m | NZD 130.3m |
| Capital spending | −NZD 253.7m | −NZD 275.4m | −NZD 323.9m | −NZD 192.9m | −NZD 122.1m | −NZD 160.0m | −NZD 103.3m | −NZD 69.2m | −NZD 67.3m | −NZD 105.6m |
| Free cash flow | NZD 330.7m | NZD 229.4m | NZD 433.3m | NZD 310.9m | NZD 254.2m | NZD 140.8m | NZD 94.1m | NZD 71.0m | NZD 63.9m | NZD 24.6m |
| Dividends paid | −NZD 173.2m | −NZD 173.2m | −NZD 173.2m | −NZD 100.7m | −NZD 64.4m | −NZD 59.4m | −NZD 48.3m | −NZD 43.3m | −NZD 40.3m | −NZD 33.9m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 2.61bn | NZD 2.68bn | NZD 2.55bn | NZD 2.36bn | NZD 2.36bn | NZD 1.18bn | NZD 2.67bn | NZD 1.34bn |
| Gross profit | NZD 1.13bn | NZD 1.15bn | NZD 1.06bn | NZD 1.04bn | NZD 1.05bn | NZD 256.0m | NZD 1.12bn | NZD 310.1m |
| Operating income | NZD 159.8m | NZD 246.1m | NZD 186.5m | NZD 240.1m | NZD 187.5m | NZD 183.2m | NZD 299.1m | NZD 60.0m |
| Net income | NZD 93.4m | NZD 159.8m | NZD 114.6m | NZD 84.1m | NZD 124.5m | NZD 62.3m | NZD 209.5m | NZD 104.7m |
| Diluted earnings per share | 0.93 | 1.59 | 1.14 | 0.83 | 1.24 | 0.62 | 2.08 | 1.04 |
| Cash from operations | NZD 209.0m | NZD 392.0m | NZD 191.0m | NZD 317.0m | NZD 186.0m | — | NZD 465.0m | — |
| Capital spending | −NZD 105.0m | −NZD 118.0m | −NZD 135.0m | −NZD 137.0m | −NZD 137.0m | — | −NZD 144.0m | — |
| Free cash flow | NZD 104.0m | NZD 274.0m | NZD 56.0m | NZD 180.0m | NZD 49.0m | — | NZD 321.0m | — |
| Total assets | NZD 4.20bn | NZD 4.07bn | NZD 3.96bn | NZD 3.78bn | NZD 3.49bn | NZD 3.49bn | NZD 3.44bn | NZD 3.44bn |
| Cash and short-term investments | NZD 139.4m | NZD 179.4m | NZD 147.9m | NZD 213.6m | NZD 234.5m | NZD 234.6m | NZD 342.0m | NZD 342.0m |
| Debt | NZD 1.20bn | NZD 1.14bn | NZD 1.16bn | NZD 1.02bn | NZD 892.9m | NZD 892.9m | NZD 835.4m | NZD 835.4m |
| Shareholders' equity | NZD 2.03bn | NZD 2.00bn | NZD 1.87bn | NZD 1.85bn | NZD 1.79bn | NZD 1.79bn | NZD 1.73bn | NZD 1.73bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | 11.1% | 9.8% |
| Operating income | -5.4% | 13.6% | 13.0% |
| Net income | -8.3% | 11.5% | 12.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 43.2% | 40.3% | 40.3% | 39.7% |
| Operating margin | 8.6% | 9.5% | 9.1% | 8.3% |
| Net margin | 4.9% | 6.1% | 5.9% | 5.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.2 | 35.5 | 16.4 | 19.1 | 50.3 | 44.0 | 31.1 | 73.5 | 25.1 | 23.6 |
| Price to sales | 1.3 | 1.6 | 1.2 | 1.3 | 2.7 | 2.3 | 1.4 | 3.0 | 1.1 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 30 years. Last went ex-dividend on 7 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.692 | 2.692 | 2.692 | 2.692 | 0.843 | 0.889 | 0.407 | 0.667 |
- 1.1-for-1 split · 9 Sept 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.