Revenue halved to NZ$741k as AFC swung to a NZ$185k pre-tax loss
A 44% revenue collapse drove AFC from a small prior-year profit to a NZ$185k pre-tax loss, with operating cash outflows nearly tripling and equity
Published 18 May 2026
Read briefingCompany archive
Read that company's published results in release order, newest first.
Showing 1-8 of 8 published briefings.
A 44% revenue collapse drove AFC from a small prior-year profit to a NZ$185k pre-tax loss, with operating cash outflows nearly tripling and equity
Published 18 May 2026
Read briefingRevenue fell 17.8% and gross margin compressed 656bps, but the operating cash swing and 876-day inventory dominate the read.
Published 18 May 2026
Read briefingAFC Group's 130.3% PBT turnaround masks a NZ$0.2m working-capital absorption that is outside its historical range, leaving operating cash flow
Published 18 May 2026
Read briefingHeadline 159% revenue growth masks a sharply weaker second half, equity down 32.4%, and an almost-exhausted cash balance against rising borrowings.
Published 28 April 2026
Read briefingOperating cash turned positive to NZ$0.1m, but a NZ$0.4m inventory build leaves AFC holding just NZ$1.6k of cash with borrowings up to NZ$0.1m.
Published 28 April 2026
Read briefingNarrower losses and a positive gross margin show some progress, but the equity base has been heavily consumed and cash stands at just NZ$14k.
Published 28 April 2026
Read briefingOperating cash outflow of NZ$71.5k against just NZ$4.6k of cash and NZ$53.4k of borrowings tightens the funding runway materially.
Published 28 April 2026
Read briefingA narrower headline loss is overshadowed by near-empty cash, operating cash burn tripling, and equity down 36.1%.
Published 23 April 2026
Read briefingGet full NZX result briefings by email as new coverage is published.