V 
6.19
+5.99%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$1.93bn
FY2017FY2026
Net income
A$278.4m
FY2017FY2026
Free cash flow
A$548.5m
FY2017FY2026
Shareholders' equity
A$2.14bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$1.93bn | A$1.43bn | A$620.0m | A$422.7m | A$162.9m | A$189.7m | A$215.9m | A$156.3m | A$77.1m | A$68.5m |
| Operating income | A$638.2m | A$272.9m | A$57.0m | A$12.1m | −A$62.9m | −A$3.9m | A$35.2m | −A$3.3m | −A$26.0m | −A$81.9m |
| Net income | A$278.4m | A$237.0m | −A$5.4m | −A$8.7m | −A$28.5m | −A$42.9m | A$4.5m | −A$3.2m | −A$11.6m | −A$107.6m |
| Diluted earnings per share | 0.26 | 0.23 | -0.01 | -0.02 | -0.07 | -0.12 | 0.01 | -0.02 | -0.06 | -0.68 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$2.67bn | A$2.44bn | A$2.17bn | A$670.5m | A$577.4m | A$345.5m | A$343.4m | A$177.1m | A$173.3m | A$79.1m |
| Cash and short-term investments | A$825.8m | A$674.2m | A$428.8m | A$20.1m | A$32.5m | A$17.4m | A$116.2m | A$10.6m | A$7.9m | A$5.4m |
| Total liabilities | A$530.0m | A$444.3m | A$546.8m | A$340.4m | A$394.6m | A$114.6m | A$147.3m | A$97.8m | A$92.0m | A$9.6m |
| Debt | A$74.3m | A$98.4m | A$207.8m | A$209.1m | A$272.4m | A$10.2m | A$23.0m | A$12.4m | A$2.5m | — |
| Shareholders' equity | A$2.14bn | A$2.00bn | A$1.62bn | A$330.1m | A$182.8m | A$234.8m | A$199.6m | A$83.1m | A$85.2m | A$73.1m |
| Shares outstanding | 1,052m | 1,043m | 1,047m | 535m | 391m | 362m | 310m | 202m | 199m | 158m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$888.0m | A$540.1m | A$206.6m | A$46.7m | −A$2.4m | A$14.6m | A$50.3m | A$22.3m | A$19.0m | A$1.7m |
| Capital spending | −A$339.5m | −A$300.8m | −A$24.2m | −A$126.2m | −A$177.6m | −A$117.3m | −A$48.7m | −A$53.6m | −A$36.7m | −A$13.4m |
| Free cash flow | A$548.5m | A$239.3m | A$182.4m | −A$79.5m | −A$179.9m | −A$102.7m | A$1.5m | −A$31.2m | −A$17.7m | −A$11.7m |
| Dividends paid | −A$72.9m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$1.11bn | A$817.3m | A$753.3m | A$678.8m | A$336.5m | A$283.5m | A$262.9m | A$159.8m |
| Operating income | A$440.9m | A$197.2m | A$165.4m | A$105.4m | A$18.5m | A$38.6m | A$29.6m | −A$18.3m |
| Net income | A$313.6m | −A$35.2m | A$117.7m | A$119.3m | −A$34.4m | A$29.0m | A$19.8m | −A$28.5m |
| Diluted earnings per share | 0.30 | -0.03 | 0.11 | 0.11 | -0.03 | 0.05 | 0.04 | -0.07 |
| Cash from operations | A$603.0m | A$284.0m | A$302.0m | A$236.0m | A$107.0m | A$88.0m | A$12.0m | A$21.0m |
| Capital spending | −A$132.0m | −A$207.0m | −A$169.0m | −A$126.0m | −A$60.0m | −A$44.0m | −A$34.0m | −A$91.0m |
| Free cash flow | A$471.0m | A$77.0m | A$133.0m | A$110.0m | A$47.0m | A$44.0m | −A$22.0m | −A$70.0m |
| Total assets | A$2.67bn | A$2.36bn | A$2.44bn | A$2.30bn | A$2.17bn | A$668.7m | A$670.5m | A$621.2m |
| Cash and short-term investments | A$825.8m | A$530.0m | A$674.2m | A$564.4m | A$428.8m | A$35.8m | A$27.6m | A$12.9m |
| Debt | A$25.9m | A$34.8m | A$139.7m | A$42.5m | A$207.8m | A$176.5m | A$209.1m | A$69.0m |
| Shareholders' equity | A$2.14bn | A$1.95bn | A$2.00bn | A$1.88bn | A$1.62bn | A$356.4m | A$330.1m | A$222.7m |
Financial ratios
Data as of 14 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 33.1% | 18.6% | 2.0% | -1.4% | -29.9% | -7.3% |
| Net margin | 14.5% | 16.5% | -0.9% | -2.1% | -17.5% | -22.6% |
| Return on equity | 13.0% | 11.9% | -0.3% | -2.6% | -15.6% | -18.3% |
| Return on assets | 10.4% | 9.7% | -0.3% | -1.3% | -4.9% | -12.4% |
| Free cash flow yield | 19.9% | 13.7% | 3.8% | 5.5% | 7.6% | 6.2% |
| Revenue growth | 34.5% | 131.0% | 46.7% | 159.5% | -14.1% | -12.1% |
| Earnings growth | 17.5% | -4457.9% | -37.7% | -69.4% | -33.5% | -1062.6% |
| Current ratio | 3.67x | 3.59x | 1.73x | 1.13x | 0.83x | 1.48x |
| Debt to equity | 0.01x | 0.02x | 0.08x | 0.44x | 1.04x | 0.02x |
| Equity ratio | 80.1% | 81.8% | 74.8% | 49.2% | 31.7% | 68.0% |
| Interest coverage | 98.00x | 31.92x | 0.69x | -0.29x | -24.85x | -12.92x |
| Buybacks as a share of market value | -0.9% | 0.3% | -95.5% | -36.9% | -8.0% | -16.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 65.8% | 59.0% | 34.8% |
| Operating income | 274.6% | — | 38.5% |
| Net income | — | — | 29.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 27.1% | 22.3% | 19.2% | 16.1% |
| Net margin | 15.3% | 11.4% | 9.0% | 6.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.9 | 24.0 | -412.8 | -123.5 | -18.3 | -15.9 | 117.6 | -131.5 | -9.7 | -0.5 |
| Price to sales | 3.3 | 4.0 | 3.6 | 2.5 | 3.2 | 3.6 | 2.4 | 2.7 | 1.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 13-to-2 reverse split · 18 Nov 2025
- 10-to-1 reverse split · 25 Nov 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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