W 
0.68
+1.49%
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 2.95bn
FY2017FY2026
Net income
NZD 11.0m
FY2017FY2026
Free cash flow
NZD 169.8m
FY2017FY2026
Shareholders' equity
NZD 311.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 2.95bn | NZD 3.09bn | NZD 3.04bn | NZD 3.24bn | NZD 3.29bn | NZD 3.41bn | NZD 3.17bn | NZD 3.07bn | NZD 2.99bn | NZD 2.98bn |
| Operating income | NZD 48.7m | NZD 40.5m | NZD 67.8m | NZD 122.4m | NZD 158.8m | NZD 269.5m | NZD 104.7m | NZD 114.4m | NZD 93.5m | NZD 108.5m |
| Net income | NZD 11.0m | −NZD 2.8m | −NZD 54.2m | NZD 29.8m | NZD 89.3m | NZD 117.7m | NZD 44.5m | NZD 65.4m | NZD 22.9m | NZD 20.4m |
| Diluted earnings per share | 0.03 | -0.01 | -0.15 | 0.09 | 0.26 | 0.34 | 0.13 | 0.19 | 0.07 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NZD 1.51bn | NZD 1.59bn | NZD 1.65bn | NZD 1.77bn | NZD 1.86bn | NZD 1.89bn | NZD 1.85bn | NZD 1.05bn | NZD 1.05bn | NZD 1.11bn |
| Cash and short-term investments | NZD 41.8m | NZD 39.2m | NZD 32.2m | NZD 28.3m | NZD 25.0m | NZD 160.5m | NZD 168.1m | NZD 49.3m | NZD 26.5m | NZD 47.5m |
| Total liabilities | NZD 1.19bn | NZD 1.29bn | NZD 1.34bn | NZD 1.37bn | NZD 1.44bn | NZD 1.44bn | NZD 1.48bn | NZD 568.8m | NZD 569.5m | NZD 627.5m |
| Debt | NZD 763.2m | NZD 849.1m | NZD 819.7m | NZD 879.6m | NZD 887.0m | NZD 892.2m | NZD 944.3m | NZD 125.5m | NZD 188.8m | NZD 209.0m |
| Shareholders' equity | NZD 311.6m | NZD 299.4m | NZD 309.6m | NZD 402.1m | NZD 421.9m | NZD 452.2m | NZD 377.1m | NZD 481.3m | NZD 479.4m | NZD 485.5m |
| Shares outstanding | 345m | 344m | 360m | 343m | 345m | 345m | 345m | 345m | 344m | 423m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NZD 188.8m | NZD 72.3m | NZD 185.9m | NZD 214.2m | NZD 105.4m | NZD 226.0m | NZD 408.0m | NZD 198.0m | NZD 107.9m | NZD 128.1m |
| Capital spending | −NZD 19.0m | −NZD 12.6m | −NZD 39.3m | −NZD 115.1m | −NZD 112.0m | −NZD 83.2m | −NZD 64.5m | −NZD 61.3m | −NZD 70.2m | −NZD 70.6m |
| Free cash flow | NZD 169.8m | NZD 59.7m | NZD 146.6m | NZD 99.1m | −NZD 6.5m | NZD 142.8m | NZD 343.5m | NZD 136.7m | NZD 37.7m | NZD 57.5m |
| Dividends paid | — | — | −NZD 45.1m | −NZD 34.9m | −NZD 95.9m | −NZD 62.7m | −NZD 27.9m | −NZD 52.5m | −NZD 56.1m | −NZD 52.8m |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Apr 2024 | Jan 2024 | Oct 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NZD 1.40bn | NZD 1.61bn | NZD 1.48bn | NZD 1.61bn | NZD 1.40bn | NZD 702.4m | NZD 1.63bn | NZD 816.4m |
| Operating income | NZD 9.3m | NZD 38.3m | NZD 1.6m | NZD 38.9m | NZD 5.0m | NZD 2.5m | NZD 62.8m | NZD 31.4m |
| Net income | −NZD 4.5m | NZD 15.7m | −NZD 14.6m | NZD 11.8m | −NZD 30.5m | −NZD 15.3m | −NZD 23.7m | NZD 15.9m |
| Diluted earnings per share | -0.01 | 0.05 | -0.04 | 0.03 | -0.08 | -0.04 | -0.06 | 0.05 |
| Cash from operations | NZD 136.0m | NZD 55.0m | −NZD 50.0m | NZD 122.0m | NZD 48.0m | NZD 24.0m | NZD 137.0m | NZD 68.0m |
| Capital spending | −NZD 12.0m | −NZD 6.0m | −NZD 7.0m | −NZD 5.0m | −NZD 10.0m | −NZD 5.0m | −NZD 28.0m | −NZD 14.0m |
| Free cash flow | NZD 124.0m | NZD 49.0m | −NZD 57.0m | NZD 117.0m | NZD 38.0m | NZD 19.0m | NZD 109.0m | NZD 54.0m |
| Total assets | NZD 1.51bn | NZD 1.62bn | NZD 1.59bn | NZD 1.70bn | NZD 1.65bn | NZD 1.65bn | NZD 1.77bn | NZD 1.77bn |
| Cash and short-term investments | NZD 41.8m | NZD 43.3m | NZD 39.2m | NZD 44.3m | NZD 32.2m | NZD 32.2m | NZD 38.6m | NZD 38.6m |
| Debt | NZD 156.2m | NZD 226.0m | NZD 227.8m | NZD 119.8m | NZD 183.0m | NZD 183.0m | NZD 722.3m | NZD 147.3m |
| Shareholders' equity | NZD 311.6m | NZD 310.6m | NZD 299.4m | NZD 321.7m | NZD 309.6m | NZD 309.6m | NZD 351.8m | NZD 351.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.0% | -2.9% | -5.6% |
| Operating income | -26.5% | -29.0% | -13.7% |
| Net income | -28.4% | -37.8% | -22.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.5% | 2.3% | 3.7% | 3.7% |
| Net margin | 0.1% | -0.1% | 1.0% | 1.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.4 | -90.3 | -6.9 | 18.5 | 10.1 | 11.7 | 21.0 | 14.6 | 30.4 | 42.4 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Apr 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.203 | 0.157 | 0.187 | 0.073 | 0.111 | 0.099 | 0.149 | 0.148 |
- 2-for-1 split · 20 Mar 2000
- 6-for-5 split · 17 Jul 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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