R 
1.84
0.00%
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 804.3m
FY2017FY2026
Net income
−NZD 172.6m
FY2017FY2026
Free cash flow
NZD 274.4m
FY2017FY2026
Shareholders' equity
NZD 4.11bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 804.3m | NZD 713.8m | NZD 650.5m | NZD 560.1m | NZD 503.8m | NZD 449.4m | NZD 437.8m | NZD 381.8m | NZD 342.1m | NZD 288.7m |
| Research and development | — | — | — | — | — | NZD 5.1m | NZD 3.6m | — | — | — |
| Operating income | −NZD 17.9m | −NZD 118.3m | −NZD 69.6m | −NZD 19.8m | NZD 1.8m | NZD 55.2m | NZD 70.5m | NZD 78.1m | NZD 74.1m | NZD 63.2m |
| Net income | −NZD 172.6m | −NZD 436.8m | NZD 4.8m | NZD 257.8m | NZD 692.9m | NZD 423.1m | NZD 274.5m | NZD 326.0m | NZD 388.2m | NZD 356.7m |
| Diluted earnings per share | -0.17 | -0.43 | 0.01 | 0.37 | 1.30 | 0.85 | 0.55 | 0.65 | 0.78 | 0.71 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 12.36bn | NZD 12.06bn | NZD 13.08bn | NZD 12.51bn | NZD 10.97bn | NZD 9.17bn | NZD 7.68bn | NZD 6.65bn | NZD 5.80bn | NZD 4.94bn |
| Cash and short-term investments | NZD 9.8m | NZD 17.7m | NZD 41.8m | NZD 27.9m | NZD 28.3m | NZD 20.2m | NZD 34.4m | — | — | — |
| Total liabilities | NZD 8.25bn | NZD 7.80bn | NZD 8.67bn | NZD 7.85bn | NZD 7.53bn | NZD 6.34bn | NZD 5.38bn | NZD 4.48bn | NZD 3.86bn | NZD 3.29bn |
| Debt | NZD 1.60bn | NZD 1.70bn | NZD 2.57bn | NZD 2.34bn | NZD 3.39bn | NZD 2.32bn | NZD 1.78bn | NZD 1.34bn | NZD 1.07bn | NZD 845.0m |
| Shareholders' equity | NZD 4.11bn | NZD 4.26bn | NZD 4.42bn | NZD 4.66bn | NZD 3.43bn | NZD 2.83bn | NZD 2.30bn | NZD 2.17bn | NZD 1.94bn | NZD 1.65bn |
| Shares outstanding | 1,015m | 1,016m | 733m | 688m | 533m | 500m | 500m | 500m | 500m | 500m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 322.0m | NZD 355.3m | NZD 595.3m | NZD 641.9m | NZD 518.7m | NZD 413.1m | NZD 449.8m | NZD 401.4m | NZD 349.3m | NZD 322.8m |
| Capital spending | −NZD 47.6m | −NZD 103.6m | −NZD 151.9m | −NZD 324.2m | −NZD 298.6m | −NZD 256.6m | −NZD 300.1m | −NZD 181.3m | −NZD 201.6m | −NZD 209.4m |
| Free cash flow | NZD 274.4m | NZD 251.7m | NZD 443.4m | NZD 317.7m | NZD 220.1m | NZD 156.5m | NZD 149.7m | NZD 220.2m | NZD 147.7m | NZD 113.4m |
| Dividends paid | — | — | — | −NZD 68.1m | −NZD 112.0m | −NZD 107.5m | −NZD 117.0m | −NZD 108.5m | −NZD 94.0m | −NZD 85.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 412.6m | NZD 220.5m | NZD 385.8m | NZD 371.2m | NZD 197.0m | NZD 182.6m | NZD 182.6m | NZD 325.7m |
| Operating income | −NZD 8.0m | NZD 22.1m | −NZD 9.8m | −NZD 51.5m | NZD 8.2m | −NZD 4.1m | −NZD 4.1m | −NZD 38.4m |
| Net income | −NZD 127.1m | −NZD 63.1m | −NZD 44.8m | −NZD 531.5m | −NZD 297.9m | NZD 41.0m | NZD 41.0m | −NZD 348.1m |
| Diluted earnings per share | -0.13 | -0.06 | -0.04 | -0.52 | -0.41 | 0.06 | 0.06 | -0.48 |
| Cash from operations | NZD 156.0m | NZD 80.0m | NZD 162.0m | NZD 107.0m | NZD 74.0m | NZD 231.0m | NZD 130.0m | NZD 205.0m |
| Capital spending | −NZD 29.0m | −NZD 13.0m | −NZD 18.0m | −NZD 13.0m | −NZD 16.0m | −NZD 91.0m | −NZD 52.0m | −NZD 19.0m |
| Free cash flow | NZD 127.0m | NZD 67.0m | NZD 144.0m | NZD 94.0m | NZD 58.0m | NZD 140.0m | NZD 78.0m | NZD 186.0m |
| Total assets | NZD 12.36bn | NZD 12.27bn | NZD 12.05bn | NZD 12.06bn | NZD 11.99bn | NZD 12.81bn | NZD 12.81bn | NZD 13.08bn |
| Cash and short-term investments | NZD 9.8m | NZD 20.3m | NZD 8.8m | NZD 17.7m | NZD 19.0m | NZD 22.6m | NZD 22.6m | NZD 41.8m |
| Debt | NZD 150.7m | NZD 3.0m | — | NZD 1.68bn | NZD 3.6m | — | — | — |
| Shareholders' equity | NZD 4.11bn | NZD 4.08bn | NZD 4.10bn | NZD 4.26bn | NZD 4.18bn | NZD 4.30bn | NZD 4.30bn | NZD 4.42bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 12.3% | 11.9% |
| Operating income | -3.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9.0% | -8.3% | -4.6% | 3.2% |
| Net margin | -40.1% | -12.7% | 20.9% | 44.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.9 | -6.8 | — | 15.7 | 4.1 | 14.5 | 27.7 | 25.1 | 13.8 | 14.8 |
| Price to sales | 2.3 | 4.1 | 5.3 | 7.2 | 5.7 | 13.6 | 17.4 | 21.4 | 15.7 | 18.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 8 Dec 2022.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.211 | 0.224 | 0.215 | 0.234 | 0.217 | 0.188 | 0.17 | 0.146 |
- 5-for-1 split · 29 Jan 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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