Company archive
Read that company's published results in release order, newest first.
Showing 1-10 of 10 published briefings.
Recurring investment income held above its historical range, but a NZ$13.5m portfolio loss pushed NPAT to -NZ$15.4m and NTA per share to NZ$0.63.
Published 22 April 2026
Read briefingRecord investment income of NZ$4.8m was outpaced by NZ$12.3m in distributions, leaving capital gains to fund the gap.
Published 22 April 2026
Read briefingSmaller fair-value gains drove NPAT down 47.6%, lifting the payout-to-NPAT ratio to 51.3% versus a 26.5% historical mean.
Published 22 April 2026
Read briefingInvestment income rose 4.4% to $4.2m, but lower fair-value contribution cut total return 24% and ROE from 19.2% to 13.0%.
Published 22 April 2026
Read briefingPortfolio total return of 8.8% beat the benchmark by 1.1pp, but a lower effective tax rate flattered the 39.3% NPAT print.
Published 22 April 2026
Read briefingInvestment income covered only 40.7% of distributions paid, so capital recycling continues to fund shareholder payouts despite the headline profit
Published 22 April 2026
Read briefingAn 8.9% portfolio return lagged a 10.7% benchmark, and NPAT fell 18.1% on the smaller asset base.
Published 22 April 2026
Read briefingUnprecedented portfolio drawdown eroded NAV while distributions of NZ$11.0m were paid against only NZ$3.8m of investment income.
Published 22 April 2026
Read briefingThe portfolio's 7.7% return beat a weak 3.7% benchmark, but distribution coverage of 35% leaves the payout dependent on capital returns.
Published 22 April 2026
Read briefingHeadline NPAT was dominated by $53.9m of portfolio gains while investment income fell 6.5%, leaving distributions only 40.5% covered.
Published 22 April 2026
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