T 
2.85
+0.71%
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 852.2m
FY2017FY2026
Net income
NZD 32.5m
FY2017FY2026
Free cash flow
NZD 62.4m
FY2017FY2026
Shareholders' equity
NZD 640.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 852.2m | NZD 937.2m | NZD 921.7m | NZD 610.0m | NZD 345.8m | NZD 359.2m | NZD 400.9m | NZD 423.0m | NZD 425.9m | NZD 340.8m |
| Operating income | NZD 136.3m | −NZD 36.6m | NZD 98.6m | NZD 77.1m | NZD 4.3m | −NZD 10.9m | NZD 35.6m | NZD 51.2m | NZD 85.6m | NZD 50.6m |
| Net income | NZD 32.5m | −NZD 25.8m | NZD 39.4m | NZD 49.9m | −NZD 1.5m | −NZD 13.7m | NZD 27.4m | NZD 29.8m | NZD 62.4m | NZD 30.2m |
| Diluted earnings per share | 0.15 | -0.12 | 0.18 | 0.23 | -0.01 | -0.09 | 0.18 | 0.20 | 0.51 | 0.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 1.58bn | NZD 1.57bn | NZD 1.50bn | NZD 1.23bn | NZD 595.8m | NZD 538.1m | NZD 653.6m | NZD 602.5m | NZD 578.0m | NZD 470.0m |
| Cash and short-term investments | NZD 46.5m | NZD 49.9m | NZD 56.9m | NZD 70.6m | NZD 38.8m | NZD 38.1m | NZD 35.5m | NZD 8.8m | NZD 13.5m | NZD 6.1m |
| Total liabilities | NZD 936.3m | NZD 997.0m | NZD 880.6m | NZD 673.2m | NZD 264.2m | NZD 225.5m | NZD 328.5m | NZD 325.5m | NZD 328.0m | NZD 276.1m |
| Debt | NZD 692.3m | NZD 759.6m | NZD 650.2m | NZD 479.5m | NZD 179.9m | NZD 160.1m | NZD 245.2m | NZD 211.0m | NZD 212.3m | NZD 182.4m |
| Shareholders' equity | NZD 640.6m | NZD 577.9m | NZD 616.9m | NZD 561.4m | NZD 331.7m | NZD 315.5m | NZD 325.1m | NZD 277.0m | NZD 250.0m | NZD 193.9m |
| Shares outstanding | 221m | 222m | 220m | 217m | 164m | 152m | 148m | 152m | 123m | 126m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 71.5m | NZD 28.6m | −NZD 95.6m | −NZD 56.4m | −NZD 21.6m | NZD 87.0m | NZD 69.1m | NZD 10.2m | NZD 24.6m | NZD 14.6m |
| Capital spending | −NZD 9.1m | −NZD 42.4m | −NZD 16.1m | −NZD 11.1m | −NZD 7.5m | −NZD 5.3m | −NZD 4.6m | −NZD 4.3m | −NZD 4.6m | −NZD 8.6m |
| Free cash flow | NZD 62.4m | −NZD 13.8m | −NZD 111.7m | −NZD 67.6m | −NZD 29.2m | NZD 81.7m | NZD 64.5m | NZD 5.9m | NZD 20.0m | NZD 6.0m |
| Dividends paid | −NZD 15.5m | −NZD 11.4m | −NZD 33.4m | — | — | — | −NZD 17.4m | −NZD 29.4m | −NZD 22.9m | −NZD 22.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 375.3m | NZD 477.4m | NZD 478.9m | NZD 458.4m | NZD 472.5m | NZD 236.3m | NZD 449.2m | NZD 224.6m |
| Operating income | NZD 57.9m | NZD 194.6m | NZD 159.8m | NZD 57.8m | NZD 24.7m | NZD 12.3m | NZD 189.5m | NZD 37.0m |
| Net income | NZD 2.9m | NZD 29.6m | −NZD 51.0m | NZD 25.3m | −NZD 356,000 | −NZD 178,000 | NZD 39.7m | NZD 19.9m |
| Diluted earnings per share | 0.01 | 0.13 | -0.23 | 0.11 | -0.00 | -0.00 | 0.18 | 0.09 |
| Cash from operations | NZD 30.0m | NZD 40.0m | NZD 4.0m | NZD 24.0m | −NZD 16.0m | −NZD 8.0m | −NZD 78.0m | −NZD 39.0m |
| Capital spending | −NZD 3.0m | −NZD 5.0m | −NZD 21.0m | −NZD 17.0m | −NZD 7.0m | −NZD 3.0m | −NZD 7.0m | −NZD 2.0m |
| Free cash flow | NZD 27.0m | NZD 35.0m | −NZD 17.0m | NZD 7.0m | −NZD 23.0m | −NZD 11.0m | −NZD 85.0m | −NZD 41.0m |
| Total assets | NZD 1.58bn | NZD 1.58bn | NZD 1.57bn | NZD 1.59bn | NZD 1.50bn | NZD 1.50bn | NZD 1.41bn | NZD 1.41bn |
| Cash and short-term investments | NZD 46.5m | NZD 22.9m | NZD 49.9m | NZD 48.8m | NZD 56.9m | NZD 57.2m | NZD 50.3m | NZD 50.3m |
| Debt | NZD 504.1m | NZD 62.7m | NZD 562.3m | NZD 68.2m | NZD 523.3m | NZD 137.7m | NZD 131.3m | NZD 131.3m |
| Shareholders' equity | NZD 640.6m | NZD 623.1m | NZD 577.9m | NZD 647.3m | NZD 616.9m | NZD 616.9m | NZD 618.4m | NZD 618.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.8% | 18.9% | 11.8% |
| Operating income | 20.9% | — | 12.7% |
| Net income | -13.3% | — | 2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.6% | 8.3% | 6.7% | 9.0% |
| Net margin | 0.4% | 2.9% | 2.0% | 4.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.1 | -22.2 | 11.1 | 10.7 | -245.2 | -20.9 | 9.0 | 11.2 | 6.4 | 15.9 |
| Price to sales | 0.7 | 0.6 | 0.5 | 0.9 | 1.1 | 0.8 | 0.6 | 0.8 | 0.9 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 16 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.075 | 0.093 | 0.117 | 0.305 | 0.012 | 0.204 | 0.031 | 0.127 |
- 9-for-8 split · 20 Mar 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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