N 
10.52
+1.15%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$496.5m
FY2017FY2026
Net income
A$82.1m
FY2017FY2026
Free cash flow
−A$1.98bn
FY2017FY2026
Shareholders' equity
A$6.09bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$496.5m | A$427.2m | A$404.3m | A$362.4m | A$291.0m | A$246.1m | A$200.8m | A$169.7m | A$152.6m | A$117.6m |
| Research and development | — | — | A$15.9m | A$8.3m | A$4.0m | A$4.1m | A$1.3m | A$1.1m | A$1.7m | A$973,000 |
| Operating income | A$90.2m | A$19.3m | A$28.5m | A$50.0m | A$54.7m | A$35.6m | A$34.1m | A$31.7m | A$27.4m | A$25.4m |
| Net income | A$82.1m | −A$60.5m | −A$44.1m | −A$25.6m | A$9.1m | −A$23.6m | −A$45.0m | −A$9.8m | A$6.6m | A$23.0m |
| Diluted earnings per share | 0.12 | -0.09 | -0.07 | -0.05 | 0.02 | -0.05 | -0.10 | -0.03 | 0.02 | 0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$10.24bn | A$5.69bn | A$5.22bn | A$3.85bn | A$2.98bn | A$2.64bn | A$2.66bn | A$1.83bn | A$1.24bn | A$852.4m |
| Cash and short-term investments | A$876.0m | A$243.7m | A$1.24bn | A$765.8m | A$456.6m | A$652.3m | A$892.9m | A$399.0m | A$418.0m | A$368.3m |
| Total liabilities | A$4.14bn | A$1.54bn | A$1.65bn | A$1.57bn | A$1.28bn | A$980.7m | A$976.1m | A$950.6m | A$341.9m | A$345.9m |
| Debt | A$3.36bn | A$1.21bn | A$1.46bn | A$1.44bn | A$1.14bn | A$860.5m | A$875.1m | A$867.2m | A$303.0m | A$302.3m |
| Shareholders' equity | A$6.09bn | A$4.15bn | A$3.57bn | A$2.28bn | A$1.70bn | A$1.66bn | A$1.68bn | A$875.3m | A$894.0m | A$506.5m |
| Shares outstanding | 662m | 641m | 623m | 521m | 467m | 467m | 465m | 352m | 342m | 290m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$99.9m | A$222.6m | A$128.8m | A$126.5m | A$122.0m | A$127.4m | A$53.7m | A$39.4m | A$33.4m | A$44.9m |
| Capital spending | −A$2.08bn | −A$1.60bn | −A$918.7m | −A$706.0m | −A$581.8m | −A$318.5m | −A$404.9m | −A$347.1m | −A$282.5m | −A$143.6m |
| Free cash flow | −A$1.98bn | −A$1.37bn | −A$789.9m | −A$579.5m | −A$459.8m | −A$191.1m | −A$351.2m | −A$307.8m | −A$249.2m | −A$98.6m |
| Dividends paid | — | — | — | −A$301.1m | — | −A$54.4m | −A$387,000 | — | — | −A$18.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$264.7m | A$231.8m | A$221.7m | A$205.5m | A$178.7m | A$209.1m | A$202.7m | A$101.3m |
| Operating income | −A$20.7m | −A$15.5m | −A$8.4m | A$4.6m | A$64.5m | A$20.2m | A$20.5m | A$10.2m |
| Net income | A$121.4m | −A$39.4m | −A$17.9m | −A$42.7m | −A$21.7m | −A$22.5m | −A$22.9m | −A$11.4m |
| Diluted earnings per share | 0.18 | -0.06 | -0.03 | -0.07 | -0.03 | -0.04 | -0.04 | -0.02 |
| Cash from operations | A$64.0m | A$35.0m | A$127.0m | A$84.0m | A$71.0m | A$57.0m | A$55.0m | A$27.0m |
| Capital spending | −A$834.0m | −A$1.24bn | −A$585.0m | −A$983.0m | −A$695.0m | −A$232.0m | −A$342.0m | −A$165.0m |
| Free cash flow | −A$770.0m | −A$1.21bn | −A$458.0m | −A$899.0m | −A$624.0m | −A$175.0m | −A$287.0m | −A$138.0m |
| Total assets | A$10.24bn | A$6.99bn | A$5.69bn | A$5.24bn | A$5.22bn | A$3.81bn | A$3.85bn | A$3.85bn |
| Cash and short-term investments | A$876.0m | A$278.3m | A$243.7m | A$373.0m | A$1.24bn | A$589.5m | A$765.8m | A$765.8m |
| Debt | A$3.28bn | A$2.50bn | A$1.21bn | A$857.1m | A$1.46bn | A$1.45bn | A$1.44bn | — |
| Shareholders' equity | A$6.09bn | A$4.15bn | A$4.15bn | A$4.20bn | A$3.57bn | A$2.24bn | A$2.28bn | A$2.28bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.1% | 15.1% | 18.7% |
| Operating income | 21.7% | 20.5% | 25.4% |
| Net income | — | — | 46.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.9% | 11.1% | 12.5% | 13.7% |
| Net margin | 2.3% | -2.9% | -2.8% | -2.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 78.5 | -77.3 | -123.9 | -162.4 | 268.4 | -146.1 | -72.9 | -136.1 | 181.5 | 43.7 |
| Price to sales | 13.0 | 11.0 | 13.5 | 11.5 | 8.4 | 14.0 | 16.4 | 7.9 | 7.9 | 8.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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