Investment income swung NZ$24.8m negative, driving a NZ$15.4m HY26 loss
Equity fell NZ$29.4m and cash dropped to NZ$2.8m, yet the board still declared a 1.28cps interim dividend against a loss-making period.
Published 22 April 2026
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Equity fell NZ$29.4m and cash dropped to NZ$2.8m, yet the board still declared a 1.28cps interim dividend against a loss-making period.
Published 22 April 2026
Read briefingHY25 already contained 113% of full-year NPAT, implying a loss-making second half even as cash and equity rose.
Published 22 April 2026
Read briefingPortfolio income nearly halved and operating cash flow flipped to a NZ$14.8m outflow, yet the interim dividend was lifted 5.5% and payout more...
Published 22 April 2026
Read briefingA visibly stronger first half masked a sharp second-half slowdown in both portfolio income and operating cash, while the tax line flatters the...
Published 22 April 2026
Read briefingInvestment returns and cash both rose sharply, yet an effective tax rate of 4.5% versus 9.9% inflated the headline and annualised revenue still...
Published 22 April 2026
Read briefingA full mark-to-market reversal drives the headline swing, but balance-sheet disclosure gaps and absent cash-flow detail leave the result difficult...
Published 22 April 2026
Read briefingOperating cash flow swings $29.7m positive, but the equity base shrank $47.8m and the interim dividend was cut 19%.
Published 22 April 2026
Read briefingA second-half collapse drove the full-year loss while dividend income stayed modest and the final distribution was cut 19.5%.
Published 22 April 2026
Read briefingA listed investment vehicle where a NZ$23.8m operating cash outflow and a lifted 1.68c dividend sit alongside a 33.4% equity uplift.
Published 22 April 2026
Read briefingA 265% revenue jump and 318% NPAT rise lifted equity 31%, but most of the result sits in investment revaluations rather than cash.
Published 22 April 2026
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