V 
5.85
+3.72%
Close of 9 Nov 2026, in AUD
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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 1.22bn
FY2018FY2026
Net income
NZD 21.7m
FY2018FY2026
Free cash flow
NZD 48.8m
FY2018FY2026
Shareholders' equity
NZD 299.2m
FY2018FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.22bn | NZD 948.2m | NZD 1.06bn | NZD 1.54bn | NZD 968.4m | NZD 731.5m | NZD 649.8m | NZD 671.2m | NZD 542.1m |
| Operating income | NZD 71.1m | NZD 27.9m | NZD 99.0m | NZD 182.1m | NZD 184.8m | NZD 99.6m | NZD 54.6m | NZD 58.7m | NZD 54.2m |
| Net income | NZD 21.7m | NZD 15.7m | NZD 40.0m | NZD 108.8m | NZD 124.0m | NZD 61.1m | NZD 32.4m | NZD 31.2m | NZD 41.9m |
| Diluted earnings per share | 0.15 | 0.11 | 0.30 | 0.83 | 0.94 | 0.46 | 0.25 | 0.24 | 0.32 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 1.13bn | NZD 858.7m | NZD 906.4m | NZD 1.24bn | NZD 717.3m | NZD 580.8m | NZD 556.3m | NZD 395.7m | NZD 329.6m |
| Cash and short-term investments | NZD 30.7m | NZD 17.4m | NZD 24.1m | NZD 25.2m | NZD 21.7m | NZD 10.2m | NZD 14.2m | NZD 4.7m | NZD 4.0m |
| Total liabilities | NZD 824.0m | NZD 689.0m | NZD 734.4m | NZD 1.01bn | NZD 550.2m | NZD 494.9m | NZD 421.3m | NZD 255.1m | NZD 208.6m |
| Debt | NZD 631.3m | NZD 545.0m | NZD 590.2m | NZD 804.4m | NZD 411.9m | NZD 323.8m | NZD 307.6m | NZD 131.8m | NZD 73.1m |
| Shareholders' equity | NZD 299.2m | NZD 169.7m | NZD 172.1m | NZD 230.2m | NZD 167.1m | NZD 85.9m | NZD 135.0m | NZD 134.0m | NZD 116.0m |
| Shares outstanding | 147m | 142m | 132m | 131m | 131m | 131m | 131m | 131m | 131m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 76.8m | NZD 105.0m | NZD 168.7m | NZD 181.7m | NZD 11.0m | NZD 105.5m | NZD 71.3m | NZD 23.0m | NZD 23.7m |
| Capital spending | −NZD 28.0m | −NZD 21.3m | −NZD 26.7m | −NZD 28.4m | −NZD 11.0m | −NZD 5.7m | −NZD 5.0m | −NZD 15.5m | −NZD 14.8m |
| Free cash flow | NZD 48.8m | NZD 83.6m | NZD 142.0m | NZD 153.3m | −NZD 56,818 | NZD 99.8m | NZD 66.3m | NZD 7.5m | NZD 8.9m |
| Dividends paid | −NZD 9.2m | −NZD 19.4m | −NZD 57.4m | −NZD 105.4m | −NZD 93.9m | −NZD 53.0m | −NZD 15.0m | −NZD 62.0m | −NZD 16.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 634.3m | NZD 552.4m | NZD 449.7m | NZD 610.3m | NZD 619.4m | NZD 250.2m | NZD 696.5m | NZD 282.0m |
| Operating income | NZD 38.5m | NZD 29.6m | NZD 26.5m | NZD 39.6m | NZD 49.3m | NZD 19.9m | NZD 73.0m | NZD 29.6m |
| Net income | NZD 12.6m | NZD 8.6m | NZD 6.5m | NZD 11.4m | NZD 17.2m | NZD 6.9m | NZD 32.2m | NZD 13.1m |
| Diluted earnings per share | 0.09 | 0.06 | 0.05 | 0.09 | 0.13 | 0.05 | 0.25 | 0.10 |
| Cash from operations | NZD 32.0m | NZD 39.0m | NZD 24.0m | NZD 99.0m | NZD 78.0m | NZD 31.0m | NZD 105.0m | NZD 52.0m |
| Capital spending | −NZD 11.0m | −NZD 14.0m | −NZD 7.0m | −NZD 17.0m | −NZD 15.0m | −NZD 6.0m | −NZD 14.0m | −NZD 7.0m |
| Free cash flow | NZD 21.0m | NZD 25.0m | NZD 17.0m | NZD 82.0m | NZD 63.0m | NZD 25.0m | NZD 91.0m | NZD 45.0m |
| Total assets | NZD 1.13bn | NZD 1.08bn | NZD 858.7m | NZD 1.09bn | NZD 906.4m | NZD 906.4m | NZD 1.12bn | NZD 907.7m |
| Cash and short-term investments | NZD 30.7m | NZD 28.6m | NZD 17.4m | NZD 11.1m | NZD 24.1m | NZD 24.1m | NZD 5.0m | NZD 4.0m |
| Debt | NZD 295.3m | NZD 591.2m | NZD 545.0m | NZD 664.9m | NZD 590.2m | NZD 25.2m | NZD 732.5m | NZD 23.8m |
| Shareholders' equity | NZD 299.2m | NZD 280.1m | NZD 169.7m | NZD 209.5m | NZD 172.1m | NZD 172.1m | NZD 209.6m | NZD 169.3m |
Financial ratios
Data as of 5 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.8% | 4.3% | 7.7% | 13.0% | 21.1% | 13.6% |
| Net margin | 1.8% | 1.7% | 3.8% | 7.1% | 12.8% | 8.4% |
| Return on equity | 7.3% | 9.3% | 23.2% | 47.3% | 74.2% | 71.2% |
| Return on assets | 1.9% | 1.8% | 4.4% | 8.8% | 17.3% | 10.5% |
| Free cash flow yield | 12.3% | 15.3% | 25.6% | 22.3% | 2.9% | 14.6% |
| Revenue growth | 28.5% | -10.9% | -14.5% | 28.5% | 32.4% | 12.6% |
| Earnings growth | 38.1% | -60.7% | -54.5% | -29.1% | 102.9% | 88.8% |
| Current ratio | 2.62x | 2.80x | 3.15x | 3.31x | 2.56x | 1.79x |
| Debt to equity | 0.99x | 1.65x | 1.89x | 2.06x | 1.21x | 1.07x |
| Equity ratio | 26.4% | 19.8% | 19.0% | 18.5% | 23.3% | 14.8% |
| Interest coverage | 1.80x | 2.22x | 2.01x | 7.31x | 48.31x | 7.27x |
| Buybacks as a share of market value | -3.1% | -8.0% | -0.2% | 0.0% | 0.0% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.5% | 10.7% | — |
| Operating income | -26.9% | -6.5% | — |
| Net income | -41.6% | -18.7% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | 48.6 | 72.8 | 25.7 | 10.0 | 9.3 | 22.0 |
| Price to sales | 0.9 | 1.2 | 1.0 | 0.7 | 1.2 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 1 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.055 | 0.081 | 0.177 | 0.569 | 0.957 | 0.43 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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