Record HY26 revenue undercut by $7.5m operating cash swing and doubled net debt
Top-line grew 7.6% to NZD14.2m but an inventory build drove cash outflow and net debt jumped to NZD30.4m from NZD16.7m.
Published 22 April 2026
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Showing 1-8 of 8 published briefings.
Top-line grew 7.6% to NZD14.2m but an inventory build drove cash outflow and net debt jumped to NZD30.4m from NZD16.7m.
Published 22 April 2026
Read briefingRevenue fell 6.6% but gross margin lost 665bps, operating cash flow collapsed 77%, and net debt climbed as equity shrank 16%.
Published 22 April 2026
Read briefingOperating cash flow jumped 80% to US$11.7m and gross margin widened, yet cash halved to US$5.6m and only a tax benefit kept reported NPAT flat.
Published 22 April 2026
Read briefingA US$1.4m tax credit masks a near-flat pre-tax loss, while the annualised first-half run-rate sits 53% below the FY23 base in what is a...
Published 22 April 2026
Read briefingOperating cash flow jumped to $6.5m and net debt more than halved, but a $3.4m tax line flipped continuing earnings back into the red.
Published 22 April 2026
Read briefingA structurally small first half (HY22 was only 9.7% of FY22 revenue) complicates the read, but operating cash flow turned sharply negative while...
Published 22 April 2026
Read briefingNet debt nearly halved to $11.5m and inventory unwound, yet headline earnings fell 47% as the divested ANZ business flattered the prior year.
Published 22 April 2026
Read briefingHeadline NPAT was rescued by a $0.6m discontinued-operations gain in a seasonally second-half-weighted business that now carries reiterated FY22...
Published 22 April 2026
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