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Showing 1-10 of 10 published briefings.

Hallenstein Glasson (HLG)HY26Released 27 March 2026

HLG PBT up 32.9% as gross margin expands 240bps to 60.9%

Strong revenue growth and margin recovery obscure a mix shift toward lower-margin Australia and a segment-level profit anomaly at Glassons AU.

Published 21 April 2026

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Hallenstein Glasson (HLG)FY25Released 26 September 2025

Hallenstein Glasson FY25: Glassons Australia carried the year

Group earnings improved, but most of the uplift came from one banner while Hallensteins itself stayed soft and inventory grew faster than sales.

Published 20 April 2026

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Hallenstein Glasson (HLG)HY25Released 28 March 2025

Hallenstein Glasson HY25: sales rose, but margin pressure left profit flat

A 7.7% revenue gain translated into almost no NPAT growth, and the dividend cut signalled the board was preserving flexibility.

Published 20 April 2026

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Hallenstein Glasson (HLG)FY24Released 30 September 2024

PBT up 14.7% but NPAT rose only 7.8% on a jump in effective tax rate

Gross margin expansion and inventory discipline drove a clean operating beat, but a 420bp tax rate increase absorbed most of the earnings leverage.

Published 21 April 2026

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Hallenstein Glasson (HLG)HY24Released 26 April 2024

Gross margin up 237bps to 58.9% but revenue flat and NPAT gained just 1.5%

Margin recovery from supplier relationships couldn't offset flat top-line, leaving earnings growth minimal and the H2 seasonally weak half still...

Published 21 April 2026

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Hallenstein Glasson (HLG)FY23Released 29 September 2023

HLG FY23 PBT up 29.5% but H2 NPAT halved to NZ$11.2m from H1

Headline growth looks strong and cash conversion is excellent, yet the second half visibly decelerated and gross margin slipped 26bps.

Published 21 April 2026

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Hallenstein Glasson (HLG)HY23Released 31 March 2023

NPAT up 74.8% as Glassons Australia lifts to 46% of revenue mix

Operating leverage drove earnings well above the 30.9% revenue lift, even as gross margin eased 137bps and inventory rose 27.3%.

Published 21 April 2026

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Hallenstein Glasson (HLG)FY22Released 30 September 2022

Flat revenue masks a 25.3% PBT fall and visible margin compression

Top-line held at NZ$351.2m but earnings rebased lower, with a 20% inventory build and no disclosed FY22 operating cash flow in the release.

Published 21 April 2026

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Hallenstein Glasson (HLG)HY22Released 25 March 2022

HLG HY22: PBT down 39.7% on 6.2% revenue decline as NZ and Hallenstein...

Glassons Australia lifted mix to 42.1% of revenue but could not offset margin compression across the New Zealand-facing banners.

Published 21 April 2026

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Hallenstein Glasson (HLG)FY21Released 30 September 2021

PBT up 27.8% on 21.9% sales growth, but operating cash fell 13.9% and final...

Glassons Australia overtook New Zealand as the largest segment, yet a 144bps gross margin compression and weaker cash conversion sit alongside the...

Published 21 April 2026

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