S 
2.10
+0.96%
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 3.63bn
FY2017FY2026
Net income
NZD 498.6m
FY2017FY2026
Free cash flow
NZD 662.5m
FY2017FY2026
Shareholders' equity
NZD 1.65bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 3.63bn | NZD 3.62bn | NZD 3.86bn | NZD 4.78bn | NZD 3.69bn | NZD 3.56bn | NZD 3.59bn | NZD 3.52bn | NZD 3.53bn | NZD 3.61bn |
| Operating income | NZD 498.7m | NZD 361.0m | NZD 616.0m | NZD 2.19bn | NZD 606.0m | NZD 602.0m | NZD 653.0m | NZD 601.0m | NZD 536.0m | NZD 592.0m |
| Net income | NZD 498.6m | NZD 260.0m | NZD 316.0m | NZD 1.40bn | NZD 410.0m | NZD 384.0m | NZD 427.0m | NZD 409.0m | NZD 385.0m | NZD 418.0m |
| Diluted earnings per share | 0.26 | 0.14 | 0.17 | 0.76 | 0.22 | 0.21 | 0.23 | 0.22 | 0.21 | 0.23 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 4.29bn | NZD 4.53bn | NZD 4.63bn | NZD 5.53bn | NZD 4.19bn | NZD 4.11bn | NZD 4.35bn | NZD 4.09bn | NZD 3.42bn | NZD 3.33bn |
| Cash and short-term investments | NZD 156.9m | NZD 34.0m | NZD 59.0m | NZD 123.5m | NZD 71.0m | NZD 72.0m | NZD 53.0m | NZD 54.0m | NZD 55.0m | NZD 52.0m |
| Total liabilities | NZD 2.65bn | NZD 3.00bn | NZD 3.04bn | NZD 3.14bn | NZD 2.71bn | NZD 2.61bn | NZD 2.85bn | NZD 2.63bn | NZD 1.88bn | NZD 1.68bn |
| Debt | NZD 1.95bn | NZD 2.35bn | NZD 2.36bn | NZD 2.30bn | NZD 1.87bn | NZD 1.91bn | NZD 2.10bn | NZD 1.94bn | NZD 1.70bn | NZD 1.09bn |
| Shareholders' equity | NZD 1.65bn | NZD 1.52bn | NZD 1.59bn | NZD 2.40bn | NZD 1.48bn | NZD 1.50bn | NZD 1.49bn | NZD 1.47bn | NZD 1.54bn | NZD 1.65bn |
| Shares outstanding | 1,890m | 1,891m | 1,830m | 1,838m | 1,875m | 1,847m | 1,847m | 1,847m | 1,847m | 1,847m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 1.04bn | NZD 680.0m | NZD 764.0m | NZD 987.9m | NZD 930.0m | NZD 858.0m | NZD 903.0m | NZD 769.0m | NZD 820.0m | NZD 717.0m |
| Capital spending | −NZD 374.7m | −NZD 440.0m | −NZD 590.0m | −NZD 594.0m | −NZD 425.0m | −NZD 386.0m | −NZD 393.0m | −NZD 415.0m | −NZD 414.0m | −NZD 392.0m |
| Free cash flow | NZD 662.5m | NZD 240.0m | NZD 174.0m | NZD 393.9m | NZD 505.0m | NZD 472.0m | NZD 510.0m | NZD 354.0m | NZD 406.0m | NZD 325.0m |
| Dividends paid | −NZD 386.7m | −NZD 302.0m | −NZD 494.0m | −NZD 600.1m | −NZD 449.0m | −NZD 330.0m | −NZD 459.0m | −NZD 459.0m | −NZD 458.0m | −NZD 458.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.77bn | NZD 1.87bn | NZD 1.71bn | NZD 2.17bn | NZD 2.39bn | NZD 2.33bn | NZD 942.5m | NZD 2.42bn |
| Operating income | NZD 262.8m | NZD 118.0m | NZD 265.0m | NZD 726.0m | NZD 517.4m | NZD 781.7m | NZD 316.5m | NZD 321.1m |
| Net income | NZD 434.7m | NZD 64.0m | NZD 225.0m | NZD 418.5m | NZD 43.2m | NZD 196.3m | NZD 79.5m | NZD 193.9m |
| Diluted earnings per share | 0.23 | 0.03 | 0.12 | 0.22 | 0.02 | 0.11 | 0.04 | 0.11 |
| Cash from operations | NZD 438.0m | NZD 599.0m | NZD 402.0m | NZD 674.0m | NZD 334.0m | NZD 564.0m | NZD 228.0m | NZD 301.0m |
| Capital spending | −NZD 165.0m | −NZD 209.0m | −NZD 212.0m | −NZD 502.0m | −NZD 286.0m | −NZD 295.0m | −NZD 119.0m | −NZD 347.0m |
| Free cash flow | NZD 273.0m | NZD 390.0m | NZD 190.0m | NZD 172.0m | NZD 48.0m | NZD 269.0m | NZD 109.0m | −NZD 46.0m |
| Total assets | NZD 4.29bn | NZD 4.38bn | NZD 4.53bn | — | NZD 6.05bn | NZD 4.63bn | NZD 4.63bn | NZD 5.80bn |
| Cash and short-term investments | NZD 156.9m | NZD 85.0m | NZD 34.0m | — | NZD 123.5m | NZD 59.0m | NZD 59.0m | NZD 122.2m |
| Debt | NZD 1.18bn | NZD 2.32bn | NZD 2.35bn | — | NZD 3.39bn | NZD 2.36bn | NZD 536.0m | NZD 2.95bn |
| Shareholders' equity | NZD 1.65bn | NZD 1.35bn | NZD 1.52bn | — | NZD 1.77bn | NZD 1.59bn | NZD 1.59bn | NZD 2.06bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | 0.4% | 0.4% |
| Operating income | -39.0% | -3.7% | -6.6% |
| Net income | -29.1% | 5.4% | 3.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.8% | 23.1% | 21.1% | 20.2% |
| Net margin | 10.5% | 15.6% | 14.1% | 12.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.9 | 16.6 | 17.1 | 6.8 | 24.7 | 21.7 | 20.3 | 19.6 | 19.9 | 16.0 |
| Price to sales | 1.1 | 1.2 | 1.4 | 2.0 | 2.7 | 2.3 | 2.4 | 2.3 | 2.2 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 9 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.258 | 0.487 | 0.423 | 0.407 | 0.369 | 0.196 | 0.176 |
- 1-to-1 reverse split · 24 Sept 2007
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.