P 
2.20
+0.46%
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 975.3m
FY2016FY2025
Net income
NZD 10.7m
FY2016FY2025
Free cash flow
−NZD 5.0m
FY2016FY2025
Shareholders' equity
NZD 173.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 975.3m | NZD 915.9m | NZD 975.7m | NZD 952.7m | NZD 847.8m | NZD 788.0m | NZD 798.8m | NZD 1.19bn | NZD 1.13bn | NZD 1.18bn |
| Gross profit | NZD 255.0m | NZD 235.7m | NZD 252.8m | NZD 248.5m | NZD 223.2m | NZD 204.0m | NZD 219.6m | NZD 346.1m | NZD 328.6m | NZD 326.8m |
| Research and development | — | — | — | — | — | — | — | NZD 4.8m | NZD 4.5m | NZD 4.5m |
| Operating income | NZD 25.1m | NZD 15.4m | NZD 33.2m | NZD 39.2m | NZD 28.8m | NZD 15.3m | NZD 15.4m | NZD 50.9m | NZD 53.5m | NZD 60.6m |
| Net income | NZD 10.7m | NZD 3.1m | NZD 17.5m | NZD 24.3m | NZD 22.7m | NZD 7.7m | NZD 131.1m | NZD 18.0m | NZD 45.6m | NZD 43.0m |
| Diluted earnings per share | 0.14 | 0.04 | 0.23 | 0.32 | 0.30 | 0.09 | 1.73 | 0.24 | 0.61 | 0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 529.7m | NZD 477.6m | NZD 496.5m | NZD 510.0m | NZD 453.0m | NZD 455.9m | NZD 561.3m | NZD 758.6m | NZD 702.1m | NZD 687.2m |
| Cash and short-term investments | NZD 2.6m | NZD 3.8m | NZD 4.6m | NZD 4.7m | NZD 3.4m | NZD 16.9m | NZD 210.5m | NZD 11.0m | NZD 12.8m | NZD 14.3m |
| Total liabilities | NZD 355.9m | NZD 312.9m | NZD 327.3m | NZD 337.3m | NZD 279.5m | NZD 302.8m | NZD 166.4m | NZD 473.6m | NZD 414.9m | NZD 415.0m |
| Debt | NZD 175.3m | NZD 159.7m | NZD 158.3m | NZD 134.0m | NZD 113.9m | NZD 156.9m | NZD 2.7m | NZD 180.0m | NZD 137.6m | NZD 134.1m |
| Shareholders' equity | NZD 173.8m | NZD 164.7m | NZD 169.3m | NZD 172.7m | NZD 173.5m | NZD 153.1m | NZD 394.8m | NZD 285.0m | NZD 287.2m | NZD 272.3m |
| Shares outstanding | 76m | 75m | 75m | 75m | 75m | 75m | 75m | 72m | 75m | 74m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 12.4m | NZD 57.7m | NZD 25.5m | NZD 23.7m | NZD 57.7m | NZD 31.5m | −NZD 49.0m | NZD 5.8m | NZD 20.5m | NZD 35.2m |
| Capital spending | −NZD 17.4m | −NZD 22.8m | −NZD 17.2m | −NZD 8.8m | −NZD 6.8m | −NZD 9.1m | −NZD 16.5m | −NZD 23.2m | −NZD 17.1m | −NZD 32.9m |
| Free cash flow | −NZD 5.0m | NZD 34.9m | NZD 8.3m | NZD 14.9m | NZD 50.9m | NZD 22.4m | −NZD 65.5m | −NZD 17.4m | NZD 3.4m | NZD 2.3m |
| Dividends paid | −NZD 1.9m | −NZD 7.8m | −NZD 21.7m | −NZD 23.3m | −NZD 9.3m | −NZD 12.6m | −NZD 15.3m | −NZD 28.6m | −NZD 28.6m | −NZD 28.6m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 405.1m | NZD 570.3m | NZD 355.1m | NZD 560.9m | NZD 389.9m | NZD 195.0m | NZD 585.8m | NZD 292.9m |
| Gross profit | NZD 115.7m | NZD 139.3m | NZD 100.1m | NZD 135.6m | NZD 108.5m | NZD 54.3m | NZD 144.3m | NZD 72.2m |
| Operating income | −NZD 1.3m | NZD 26.4m | −NZD 6.7m | NZD 22.1m | −NZD 984,000 | −NZD 2.7m | NZD 34.1m | NZD 15.1m |
| Net income | −NZD 5.3m | NZD 16.0m | −NZD 9.7m | NZD 12.7m | −NZD 3.6m | −NZD 1.8m | NZD 21.2m | NZD 10.6m |
| Diluted earnings per share | -0.07 | 0.21 | -0.13 | 0.17 | -0.05 | -0.02 | 0.28 | 0.14 |
| Total assets | NZD 529.7m | NZD 659.8m | NZD 477.6m | NZD 642.3m | NZD 496.5m | NZD 496.5m | NZD 658.9m | NZD 658.9m |
| Cash and short-term investments | NZD 2.6m | NZD 2.4m | NZD 3.8m | NZD 13.3m | NZD 4.6m | NZD 4.6m | NZD 2.5m | NZD 2.5m |
| Debt | NZD 154.0m | NZD 180.1m | NZD 139.1m | NZD 113.1m | NZD 119.8m | NZD 119.8m | NZD 123.8m | NZD 123.8m |
| Shareholders' equity | NZD 173.8m | NZD 180.8m | NZD 164.7m | NZD 173.4m | NZD 169.3m | NZD 169.3m | NZD 181.5m | NZD 181.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 4.4% | -2.1% |
| Operating income | -13.9% | 10.3% | -8.6% |
| Net income | -24.0% | 6.7% | -10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.9% | 26.0% | 26.0% | 27.0% |
| Operating margin | 2.1% | 3.0% | 2.9% | 3.6% |
| Net margin | 0.7% | 1.5% | 1.6% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 38.5 | 14.7 | 13.6 | 16.9 | 32.5 | 1.4 | 10.2 | 4.9 | 4.2 |
| Price to sales | 0.2 | 0.1 | 0.3 | 0.3 | 0.5 | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 10 Sept 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.063 | 0.039 | 0.157 | 0.438 | 0.441 | 0.021 | 0.138 | 0.071 |
- 10-to-1 reverse split · 8 Aug 2019
- 2-to-1 reverse split · 6 Aug 2019
- 9-for-8 split · 7 Oct 2005
- 9-for-8 split · 10 Oct 1994
- 9-for-8 split · 12 Oct 1992
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.