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Published briefings for one covered company.

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Showing 1-10 of 10 published briefings.

Infratil (IFT)HY26Released 13 November 2025

NPAT swings NZD818m on a discontinued-operation gain and One NZ recovery

The headline profit reversal is largely non-recurring; the durable story rests on whether One NZ and the medical imaging units can sustain their...

Published 21 April 2026

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Infratil (IFT)FY25Released 28 May 2025

EBITDAF near top of guidance at $986m, but NPAT swings to a $286.3m loss

Operational run-rate delivered and One NZ improved, yet the absence of prior-year acquisition gains and weaker cash conversion dominate the...

Published 21 April 2026

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Infratil (IFT)HY25Released 14 November 2024

Revenue up 33% but NPAT swings to a $212.2m loss as prior-year gains vanish

Underlying segment trading weakened, cash conversion halved and capex outpaced operating cash flow, yet the balance sheet strengthened materially.

Published 21 April 2026

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Infratil (IFT)FY24Released 21 May 2024

Proportionate EBITDAF up 63% but net debt jumps from $25m to $5.5b

One NZ consolidation and CDC-led investment lifted revenue 151% and PBT 55%, but gearing reset materially and NPAT dipped on a prior-year disposal...

Published 21 April 2026

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Infratil (IFT)HY24Released 16 November 2023

EBITDAF guidance raised to $820–850m, but H1 run-rate annualises below the...

One NZ consolidation drove headline revenue up 113%, yet net debt near-doubled to ~$5.2bn and a 4.7% tax rate flattered reported NPAT.

Published 21 April 2026

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Infratil (IFT)FY23Released 22 May 2023

Continuing profit up 430% but operating cash collapsed to $8.8m

PBT surged 370% and net debt fell from $2.6bn to near zero, yet cash conversion weakened sharply and headline NPAT fell on a smaller disposal gain.

Published 21 April 2026

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Infratil (IFT)HY23Released 15 November 2022

PBT up 53% but Infratil swung from $424m net cash to $2.7bn net debt

Continuing operations grew cleanly, but operating cash flow deteriorated sharply and gross borrowings quadrupled as the portfolio rebuilt...

Published 21 April 2026

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Infratil (IFT)FY22Released 19 May 2022

NPAT hit $1,169.3m but $1,125.8m Tilt divestment gain dwarfs $105.9m...

Continuing operations returned to profit and the dividend edged up, but free cash flow was negative and net debt rebuilt to roughly $2,577.1m.

Published 21 April 2026

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Infratil (IFT)HY22Released 12 November 2021

NPAT surged to $1.08b on a $993.9m disposal gain, continuing PBT up 214%

Headline earnings were dominated by a one-off discontinued-operations gain, but underlying continuing profit, cash position and leverage all...

Published 21 April 2026

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Infratil (IFT)FY21Released 19 May 2021

FY20 Tilt windfall rolls off; NPAT swings to a $49.2m loss

Continuing operations swung to an $87.6m loss as the Tilt Renewables segment result normalised from $503.6m to $71.6m and Wellington Airport...

Published 21 April 2026

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