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AFC Group Holdings (AFC) briefings

Read that company's published results in release order, newest first.

AFC Group Holdings (AFC)FY26Released 30 June 2026

AFC revenue fell 78.3%, pushing NPAT margin to an unprecedented -310%

Cash burn deepened and equity fell to NZ$0.2m as revenue shrank 78.3%, raising going-concern concerns noted in the filing.

Published 19 August 2026

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AFC Group Holdings (AFC)FY25Released 30 May 2025

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

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AFC Group Holdings (AFC)HY25Released 29 November 2024

Cash fell to NZ$3k as operating burn hit NZ$208k on inventory build

Revenue fell 17.8% and gross margin compressed 656bps, but the operating cash swing and 876-day inventory dominate the read.

Published 18 May 2026

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AFC Group Holdings (AFC)FY24Released 29 May 2024

PBT swung to NZ$54k profit as working-capital build offset earnings quality

AFC 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

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AFC Group Holdings (AFC)FY23Released 30 May 2023

AFC revenue tripled to NZ$1.1m but H2 reversed and cash hit NZ$5,000

Headline 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

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AFC Group Holdings (AFC)HY23Released 23 November 2022

AFC swings to profit but cash falls to NZ$1.6k as inventory hits NZ$0.4m

Operating 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

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AFC Group Holdings (AFC)FY22Released 30 May 2022

Equity eroded 66% to NZ$0.6m on continued losses and a NZ$0.4m revenue base

Narrower 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

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AFC Group Holdings (AFC)HY22Released 29 November 2021

AFC HY22: loss widened 42.3% as revenue fell 61.3% to NZ$111k

Operating 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

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AFC Group Holdings (AFC)FY21Released 28 May 2021

Cash fell 98.5% to NZ$3K as revenue halved on COVID-19

A narrower headline loss is overshadowed by near-empty cash, operating cash burn tripling, and equity down 36.1%.

Published 23 April 2026

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