Company archive
Read that company's published results in release order, newest first.
Showing 1-10 of 10 published briefings.
Reported NPAT fell 5.5% on lower revaluations even as segment earnings grew, while heavy investment absorbed all operating cash and lifted net debt.
Published 22 April 2026
Read briefingStrong operating gearing and a normalising tax rate lifted earnings, but capex of NZ$1.1bn kept pre-lease FCF at NZ$-615.6m, the lower edge of the
Published 22 April 2026
Read briefingStrong P&L growth contrasts with a NZ$315.7m pre-lease FCF deficit, both classified below the company's historical range.
Published 22 April 2026
Read briefingAn NPAT collapse to NZ$5.5m on a 98.4% effective tax rate masks the bigger story: leverage doubled to an unprecedented multiple on heavy capex.
Published 22 April 2026
Read briefingReinstated 6.75c dividend implies 83.9% NPAT payout that pre-lease cash flow cannot cover, leaving debt to fund both capex and the distribution.
Published 22 April 2026
Read briefingTravel rebound lifted EBITDAFI to $397.1m and reinstated the dividend, but reported NPAT fell against an FY22 base inflated by revaluation gains.
Published 22 April 2026
Read briefingTravel-led recovery lifted EBITDA 62% to $97.9m, but $261.6m of capex pushed free cash flow to -$121.3m and HY22 carried a $132m revaluation gain.
Published 22 April 2026
Read briefingRevenue rose 6.8% but Operating EBITDAFI fell 16% and an unusual working-capital release flattered operating cash flow.
Published 22 April 2026
Read briefingAn investment revaluation drove the reported uplift while underlying earnings weakened and capex ramped into unprecedented 23.5x net debt/EBITDA.
Published 22 April 2026
Read briefingRevenue halved to NZ$281.1m and operating EBITDAFI fell 34.1%, with cash conversion at an unprecedented 8.6% as receivables ballooned.
Published 22 April 2026
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