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Hallenstein Glasson (HLG) briefings

Read that company's published results in release order, newest first.

Hallenstein Glasson (HLG)HY26Released 27 March 2026

NPAT up 32.1% on 240bps margin lift led by Glassons Australia

Australia revenue rose 22.4% and segment result nearly doubled, lifting gross margin to 60.9% and pre-lease free cash flow to NZ$40.9m.

Published 21 April 2026

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Hallenstein Glasson (HLG)FY25Released 26 September 2025

PBT grew 12.1% on 8.1% revenue with cash reserves at $58.3m

Operating leverage and a lower tax rate lifted NPAT 14.5%, but implied H2 NPAT eased to $18.3m and the payout ratio jumped to 83.1%.

Published 20 April 2026

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Hallenstein Glasson (HLG)HY25Released 28 March 2025

Revenue up 7.7% but PBT flat as Glassons Australia profit slipped

Top-line growth was carried by Australia, yet its segment result fell, gross margin compressed 40bps and operating cash declined 6.4%.

Published 20 April 2026

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Hallenstein Glasson (HLG)FY24Released 30 September 2024

PBT rose 14.8% but unprecedented 33.8% tax rate held NPAT to 7.8%

Operating performance ran ahead of headline NPAT, yet the dominant Australia segment posted lower profit despite 14% revenue growth.

Published 21 April 2026

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Hallenstein Glasson (HLG)HY24Released 26 April 2024

Margin expansion of 240bps held PBT up 1.4% on flat revenue

Operating cash flow rose 28.8% but a $5.7m inventory release drove most of it, with inventory days at the bottom of the historical range.

Published 21 April 2026

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Hallenstein Glasson (HLG)FY23Released 29 September 2023

NPAT up 25.0% but Glassons Australia profit fell as H2 momentum faded

Revenue rose 16.7% but Australia segment profit fell 5.5% and implied second-half NPAT trailed the prior comparable.

Published 22 April 2026

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Hallenstein Glasson (HLG)HY23Released 31 March 2023

HLG NPAT jumped 74.8% off a weak base, but FCF sat below historical mean

Margins normalised rather than expanded, working capital absorbed NZ$5.9m and capex tripled, leaving free cash flow below the multi-year average.

Published 22 April 2026

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Hallenstein Glasson (HLG)FY22Released 30 September 2022

NPAT fell 23.1% on flat revenue as NZ segment profits collapsed

Gross margin held at 57.6% and Australia kept growing, but New Zealand segment results fell from $16.1m to $4.1m and operating cash flow dropped

Published 22 April 2026

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Hallenstein Glasson (HLG)HY22Released 25 March 2022

NPAT fell 39.9% as NZ lockdowns overwhelmed a 140bps gross-margin lift

Operating deleverage on a 6.2% revenue decline cut PBT margin to an unprecedented 9.9% and pushed the NPAT payout ratio to 90.1%.

Published 22 April 2026

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Hallenstein Glasson (HLG)FY21Released 30 September 2021

PBT up 28.1% as Glassons Australia drives unprecedented margin expansion

Tax normalising from 24.4% to 29.0% understates the operating gain in NPAT, while operating cash flow fell 13.9% on working-capital build.

Published 22 April 2026

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