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CDL Investments New Zealand (CDI) briefings

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Showing 1-9 of 9 published briefings.

CDL Investments New Zealand (CDI)FY25Released 24 February 2026

PBT fell 42.5% as margin reset to an unprecedented 40.4%

Tax-rate normalisation cushioned NPAT to a 27.9% decline, masking a deeper margin compression on subdued residential section demand.

Published 22 April 2026

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CDL Investments New Zealand (CDI)HY25Released 12 August 2025

PBT fell 44.6% as tax normalisation flattered NPAT to +33.3%

Revenue dropped 17.2% in a subdued property market, and the headline NPAT gain reflects a 29.4% tax rate versus 70.2% prior, not improving operations.

Published 22 April 2026

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CDL Investments New Zealand (CDI)FY24Released 24 February 2025

Tax adjustment masked turnaround: PBT up 43.3% but NPAT only 14.1%

A $3.9m one-off non-cash deferred tax charge lifted the effective tax rate to 42.5%, suppressing reported NPAT despite revenue rising 59.4%.

Published 22 April 2026

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CDL Investments New Zealand (CDI)HY24Released 7 August 2024

Cash dropped 76% to NZ$10.7m as PBT rose 31.4%

Strong property sales lifted PBT 31.4%, but operating cash flow swung to a NZ$6.5m outflow as receivables built and a one-off tax charge cut NPAT

Published 22 April 2026

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CDL Investments New Zealand (CDI)FY23Released 26 February 2024

Maintained dividend pushed payout to unprecedented 75.4% as cash fell 93%

FY23 NPAT fell 56.7% on the absence of one-off land sale gains, but the held 3.5cps dividend now exceeds free cash flow.

Published 22 April 2026

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CDL Investments New Zealand (CDI)HY23Released 8 August 2023

PBT fell 78.0% as HY22's one-off land sale windfall failed to repeat

Revenue fell 75.1% and PBT 78.0% against an unusually strong, acquisition-boosted HY22, even as margins held and cash rose 198.6%.

Published 22 April 2026

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CDL Investments New Zealand (CDI)FY22Released 16 February 2023

Revenue fell 27% but NPAT margin hit an unprecedented 46.5%

Project mix held profit virtually flat despite lower settlement volumes, while cash fell NZ$21.4m on the Hamilton land acquisition and dividends.

Published 22 April 2026

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CDL Investments New Zealand (CDI)HY22Released 10 August 2022

Operating cash flow fell 74.9% even as profit before tax rose 10.4%

CDL's profit grew on margin, not cash: operating cash flow fell 74.9% and cash fell 83.4% as revenue declined 22.2%.

Published 22 April 2026

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CDL Investments New Zealand (CDI)FY21Released 18 February 2022

Operating cash inflow fell 93% to NZ$4.1m as NPAT advanced 4.0%

Residential development cash generation collapsed from NZ$54.8m prior, leaving FY21 reported earnings well ahead of cash conversion.

Published 22 April 2026

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