P 
2.21
-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 127.6m
FY2016FY2025
Net income
NZD 106.0m
FY2016FY2025
Free cash flow
NZD 60.6m
FY2016FY2025
Shareholders' equity
NZD 1.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 127.6m | NZD 57.2m | NZD 115.6m | NZD 110.9m | NZD 108.8m | NZD 97.6m | NZD 96.3m | NZD 89.8m | NZD 82.0m | NZD 71.1m |
| Gross profit | NZD 105.7m | NZD 47.3m | NZD 92.9m | NZD 93.3m | NZD 92.1m | NZD 81.4m | NZD 81.4m | NZD 77.3m | NZD 71.2m | NZD 69.5m |
| Operating income | NZD 94.5m | NZD 41.2m | NZD 82.6m | NZD 84.8m | NZD 84.6m | NZD 75.5m | NZD 76.4m | NZD 72.6m | NZD 65.4m | NZD 61.0m |
| Net income | NZD 106.0m | NZD 21.2m | −NZD 97.8m | −NZD 13.9m | NZD 452.8m | NZD 113.5m | NZD 176.3m | NZD 110.1m | NZD 51.7m | NZD 123.4m |
| Diluted earnings per share | 0.21 | 0.04 | -0.19 | -0.03 | 0.90 | 0.23 | 0.35 | 0.22 | 0.11 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 2.19bn | NZD 2.09bn | NZD 2.06bn | NZD 2.16bn | NZD 2.22bn | NZD 1.69bn | NZD 1.52bn | NZD 1.36bn | NZD 1.24bn | NZD 1.12bn |
| Cash and short-term investments | NZD 1.6m | NZD 1.5m | NZD 1.2m | NZD 1.3m | NZD 1.1m | NZD 1.4m | NZD 1.2m | NZD 1.7m | NZD 605,000 | — |
| Total liabilities | NZD 762.6m | NZD 726.6m | NZD 703.6m | NZD 662.4m | NZD 654.3m | NZD 550.7m | NZD 468.7m | NZD 443.8m | NZD 399.2m | NZD 365.7m |
| Debt | NZD 705.2m | NZD 675.7m | NZD 649.0m | NZD 603.6m | NZD 598.7m | NZD 487.8m | NZD 413.2m | NZD 398.2m | NZD 370.6m | NZD 333.0m |
| Shareholders' equity | NZD 1.42bn | NZD 1.36bn | NZD 1.36bn | NZD 1.50bn | NZD 1.56bn | NZD 1.14bn | NZD 1.05bn | NZD 915.1m | NZD 842.9m | NZD 756.1m |
| Shares outstanding | 502m | 502m | 502m | 517m | 503m | 500m | 499m | 499m | 460m | 453m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 60.7m | NZD 27.8m | NZD 47.0m | NZD 52.1m | NZD 56.1m | NZD 35.2m | NZD 48.4m | NZD 53.7m | NZD 2.0m | NZD 32.8m |
| Capital spending | −NZD 73,000 | −NZD 30,000 | −NZD 254,000 | −NZD 1.3m | −NZD 23,000 | −NZD 29,000 | −NZD 241,000 | −NZD 22,000 | −NZD 15,000 | — |
| Free cash flow | NZD 60.6m | NZD 27.8m | NZD 46.8m | NZD 50.7m | NZD 56.1m | NZD 35.1m | NZD 48.1m | NZD 53.7m | NZD 2.0m | NZD 32.8m |
| Dividends paid | −NZD 41.7m | −NZD 22.1m | −NZD 42.7m | −NZD 39.9m | −NZD 27.1m | −NZD 31.4m | −NZD 37.7m | −NZD 37.9m | −NZD 32.6m | −NZD 25.3m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 66.3m | NZD 61.3m | NZD 57.2m | NZD 59.5m | NZD 56.1m | NZD 27.7m | NZD 56.2m | NZD 28.1m |
| Gross profit | NZD 55.6m | NZD 50.1m | NZD 47.3m | NZD 46.4m | NZD 46.5m | NZD 22.9m | NZD 47.0m | NZD 23.5m |
| Operating income | NZD 50.4m | NZD 44.1m | NZD 41.2m | NZD 41.4m | NZD 41.2m | NZD 11.9m | NZD 42.5m | NZD 16.6m |
| Net income | NZD 77.3m | NZD 28.8m | NZD 21.2m | −NZD 67.3m | −NZD 30.5m | −NZD 15.3m | −NZD 37.7m | −NZD 18.9m |
| Diluted earnings per share | 0.15 | 0.06 | 0.04 | -0.13 | -0.06 | -0.03 | -0.07 | -0.04 |
| Total assets | NZD 2.19bn | NZD 2.12bn | NZD 2.09bn | NZD 2.06bn | NZD 2.10bn | NZD 2.10bn | NZD 2.16bn | NZD 2.16bn |
| Cash and short-term investments | NZD 1.6m | NZD 1.9m | NZD 1.5m | NZD 1.2m | NZD 1.7m | NZD 1.7m | NZD 1.3m | NZD 1.3m |
| Debt | NZD 605.2m | NZD 597.9m | NZD 525.7m | NZD 549.0m | NZD 601.4m | NZD 610.8m | NZD 603.6m | NZD 614.4m |
| Shareholders' equity | NZD 1.42bn | NZD 1.37bn | NZD 1.36bn | NZD 1.36bn | NZD 1.45bn | NZD 1.45bn | NZD 1.50bn | NZD 1.50bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | 5.5% | 6.7% |
| Operating income | 3.7% | 4.6% | 5.4% |
| Net income | — | -1.3% | 3.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 82.8% | 82.5% | 83.0% | 85.6% |
| Operating margin | 73.4% | 73.7% | 75.0% | 77.6% |
| Net margin | 68.9% | 3.8% | 94.2% | 109.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.3 | 51.5 | -11.6 | -85.3 | 3.3 | 12.9 | 6.9 | 8.2 | 14.9 | 5.8 |
| Price to sales | 9.4 | 19.1 | 9.8 | 10.7 | 13.8 | 15.0 | 12.6 | 10.1 | 9.4 | 10.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 27 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.111 | 0.101 | 0.053 | 0.107 | 0.106 | 0.10 | 0.079 | 0.032 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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