M 
3.89
+3.18%
Close of 9 Nov 2026, in AUD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in AUD, from our data supplier.
Revenue
A$1.04bn
FY2018FY2025
Net income
A$72.0m
FY2018FY2025
Free cash flow
A$32.2m
FY2018FY2025
Shareholders' equity
A$876.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$1.04bn | A$901.2m | A$800.2m | A$515.0m | A$175.3m | A$101.0m | A$34.1m | A$39.7m |
| Gross profit | A$543.8m | A$491.0m | A$410.8m | A$260.7m | A$41.0m | A$15.1m | A$25.9m | A$30.4m |
| Operating income | A$112.2m | A$107.0m | A$113.6m | A$94.5m | −A$54.6m | −A$64.0m | A$5.0m | A$9.7m |
| Net income | A$72.0m | A$73.0m | A$65.5m | A$61.6m | A$34.6m | A$20.7m | A$9.2m | A$11.2m |
| Diluted earnings per share | 0.21 | 0.22 | 0.20 | 0.21 | 0.14 | 0.08 | 0.03 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | A$1.99bn | A$1.59bn | A$1.46bn | A$949.0m | A$489.2m | A$362.2m | A$243.8m | A$101.0m |
| Cash and short-term investments | A$102.8m | A$85.5m | A$69.4m | A$52.5m | A$18.0m | A$12.5m | A$3.5m | A$23.8m |
| Total liabilities | A$1.12bn | A$911.2m | A$832.2m | A$493.0m | A$234.8m | A$265.9m | A$168.6m | A$72.8m |
| Debt | A$801.2m | A$626.1m | A$545.2m | A$330.1m | A$156.9m | A$206.4m | A$126.2m | A$63.4m |
| Shareholders' equity | A$876.2m | A$678.6m | A$626.9m | A$456.0m | A$254.4m | A$96.3m | A$75.3m | A$28.2m |
| Shares outstanding | 350m | 332m | 321m | 290m | 241m | 265m | 265m | 265m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$67.8m | A$113.4m | A$2.6m | A$7.5m | A$44.3m | A$27.4m | −A$11.2m | A$13.2m |
| Capital spending | −A$35.6m | −A$56.9m | −A$82.3m | −A$59.1m | −A$38.3m | −A$19.0m | −A$59,200 | −A$2.5m |
| Free cash flow | A$32.2m | A$56.5m | −A$79.7m | −A$51.7m | A$6.0m | A$8.4m | −A$11.3m | A$10.8m |
| Dividends paid | −A$24.1m | — | — | — | −A$1.4m | — | — | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$564.8m | A$471.5m | A$424.5m | A$476.7m | A$440.7m | A$229.8m | A$216.2m | A$127.1m |
| Gross profit | A$296.0m | A$247.8m | A$249.0m | A$242.0m | A$241.7m | A$57.3m | A$53.8m | A$35.1m |
| Operating income | A$72.3m | A$46.0m | A$49.7m | A$57.4m | A$71.0m | −A$94.9m | −A$49.7m | −A$45.3m |
| Net income | A$40.6m | A$31.3m | A$39.1m | A$33.8m | A$41.8m | A$23.7m | A$47.0m | A$14.6m |
| Diluted earnings per share | 0.11 | 0.09 | 0.12 | 0.10 | 0.12 | 0.08 | 0.16 | 0.05 |
| Total assets | A$1.99bn | A$1.66bn | A$1.59bn | A$1.49bn | A$1.46bn | A$1.27bn | A$949.0m | A$707.7m |
| Cash and short-term investments | A$102.8m | A$85.5m | A$85.5m | A$69.8m | A$69.4m | A$89.9m | A$52.5m | A$31.8m |
| Debt | A$718.5m | A$515.4m | A$551.1m | A$501.0m | A$493.1m | A$433.6m | A$272.2m | A$159.0m |
| Shareholders' equity | A$876.2m | A$828.8m | A$678.6m | A$654.2m | A$626.9m | A$590.5m | A$456.0m | A$398.6m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.8% | 52.2% | 54.2% | 24.3% | 50.1% | 50.8% |
| Operating margin | 7.5% | 13.9% | 16.4% | 14.7% | 18.4% | 20.0% |
| Net margin | 21.6% | 7.0% | 8.2% | 8.3% | 12.1% | 12.7% |
| Return on equity | 14.0% | 8.2% | 10.8% | 10.5% | 13.5% | 13.6% |
| Return on assets | 4.8% | 3.6% | 4.6% | 4.6% | 6.5% | 7.1% |
| Free cash flow yield | 6.7% | 7.8% | 13.0% | 6.8% | 6.0% | 7.9% |
| Revenue growth | -38.9% | 15.1% | 13.4% | 54.8% | 86.7% | 46.1% |
| Earnings growth | 89.1% | -1.4% | 10.7% | 7.1% | 78.1% | 67.1% |
| Current ratio | 1.25x | 1.75x | 1.48x | 1.60x | 1.72x | 1.52x |
| Debt to equity | 1.20x | 0.86x | 0.87x | 0.66x | 0.66x | 0.47x |
| Equity ratio | 34.0% | 44.0% | 42.7% | 43.4% | 48.2% | 52.0% |
| Interest coverage | 0.88x | 3.17x | 4.20x | 5.32x | 13.09x | 7.30x |
| Buybacks as a share of market value | -8.6% | -1.4% | -5.9% | -11.0% | -6.6% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.2% | 59.3% | — |
| Operating income | 5.9% | — | — |
| Net income | 5.3% | 28.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.4% | 52.5% | 49.9% | — |
| Operating margin | 11.3% | 13.1% | 8.7% | — |
| Net margin | 7.5% | 8.4% | 9.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 26.5 | 21.8 | 19.0 | 12.7 | 36.8 | 35.2 |
| Price to sales | 1.8 | 1.8 | 1.6 | 1.5 | 7.3 | 7.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.085 | 0.10 | 0.086 | 0.093 | 0.071 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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