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Briscoe Group (BGP) briefings
Read that company's published results in release order, newest first.
Briscoe Group (BGP)FY26Released 11 March 2026
PBT fell 12.8% on 114bp gross margin squeeze; tax rate masked NPAT
Record sales hide a 114bp gross margin contraction, with the effective tax rate dropping from 36.2% to 28.6% to keep NPAT only 2.3% lower.
Published 21 April 2026
Read briefingBriscoe Group (BGP)HY26Released 10 September 2025
Margins compressed to historical floor while dividend exceeds free cash flow
PBT margin at 11.0% sits at the bottom of the four-year range and the interim dividend consumes 227.8% of $9.8m pre-lease free cash flow.
Published 22 April 2026
Read briefingBriscoe Group (BGP)FY25Released 12 March 2025
Gross margin fell 203bps, driving PBT down 18.9% on flat revenue
A higher effective tax rate widened NPAT's decline to 28.0%, capex stepped up nearly fourfold, and the final dividend was reduced to 10.0 cps
Published 22 April 2026
Read briefingBriscoe Group (BGP)HY24Released 11 September 2024
Gross margin compressed 264bps and pre-lease FCF fell to $3.0m
Operating profit declined 13.6% as capex jumped 4.5x to $35.0m and a 41.3% effective tax rate widened the NPAT decline.
Published 21 April 2026
Read briefingBriscoe Group (BGP)FY24Released 13 March 2024
Gross margin compressed 162bps, cutting NPAT 4.8% on flat revenue
Operating profit fell 6.8% as gross margin moved to 42.4%, while operating cash flow fell 14.6% despite an 11% inventory drawdown.
Published 20 April 2026
Read briefingBriscoe Group (BGP)FY23Released 15 March 2023
FCF jumped to a record NZ$129.1m while NPAT held flat at +0.6%
Revenue grew 5.6% but a 174 bps gross-margin contraction kept earnings flat, even as inventory release and lower capex lifted cash conversion
Published 21 April 2026
Read briefingBriscoe Group (BGP)HY23Released 14 September 2022
Inventory build absorbed NZ$11.9m as PBT slipped 4.1%
Reported pre-lease FCF hit an unprecedented NZ$39.4m, but a 34.3% capex cut and a record 55.9 inventory days complicate the read.
Published 22 April 2026
Read briefingBriscoe Group (BGP)FY22Released 16 March 2022
PBT up 20.7% on margin expansion, but inventory build cut cash flow
A 200bp gross margin lift carried earnings well ahead of revenue, while a 30.7% inventory build pulled operating cash flow down 9.4%.
Published 22 April 2026
Read briefingBriscoe Group (BGP)HY22Released 14 September 2021
NPAT jumped 69.6% on a 22.6% rebound, but $17.4m WC build cut OCF 6.9%
Operating cash flow fell despite earnings nearly doubling, as a NZ$17.4m working-capital absorption dwarfed the NZ$3.5m historical average.
Published 22 April 2026
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