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Showing 1-8 of 8 published briefings.

Asset Plus (APL)HY26Released 19 November 2025

Operating profit surged 34x but NPAT fell 31% as Graham Street gain exits...

Debt fully repaid and cash quadrupled to $10.3m, but underlying rent-only earnings are modest now that the prior-period disposal gain has...

Published 22 April 2026

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Asset Plus (APL)FY25Released 27 May 2025

Debt eliminated via Graham Street sale but H2 swung to $8.0m loss

A balance sheet reset from $29.2m net debt to $10.9m net cash sits against a sharply negative H2, with operating cash flow also turning negative.

Published 22 April 2026

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Asset Plus (APL)HY25Released 26 November 2024

APL swings to $2.3m profit but operating cash outflow widens to $1.2m

The HY25 result hinges on a pending 35 Graham Street settlement to repay all debt and fund a special dividend, not on current cash generation.

Published 22 April 2026

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Asset Plus (APL)FY24Released 28 May 2024

APL halved its debt load but operating cash flow collapsed 84%

A narrower NZ$5.3m loss and NZ$38.4m of debt repayment mask a shrinking rental base and near-zero operating cash generation.

Published 22 April 2026

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Asset Plus (APL)HY24Released 28 November 2023

PBT swung to a NZ$4.7m loss as divestments cut revenue 39.7%

Stoddard Road sale repaired the balance sheet, but the remaining portfolio now generates materially less revenue and is burning operating cash.

Published 22 April 2026

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Asset Plus (APL)FY23Released 29 May 2023

Revenue halved and NPAT swung to a NZ$13.0m loss as net debt rose to NZ$66.5m

Operating cash flow ticked up, but a heavy H2 loss and NZ$58.2m of Munroe Lane capex pushed borrowings and leverage materially higher.

Published 22 April 2026

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Asset Plus (APL)HY23Released 29 November 2022

Revenue fell 33% and PBT swung to a loss as net debt climbed to $42.9m

Munroe Lane capex lifted gross borrowings 72% ahead of an April 2023 completion, while the tax line masks the underlying pre-tax loss.

Published 22 April 2026

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Asset Plus (APL)FY22Released 19 May 2022

PBT down 78% as borrowings jump 5x to fund NZ$40m development spend

A development-driven capex step-up has lifted net debt from NZ$6.3m to NZ$51.3m just as rental revenue and headline profit both contracted.

Published 22 April 2026

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