KFL HY26: NPAT down 61.7% to NZ$16.4m as portfolio returns more than halved
Weaker investment income pushes the interim payout ratio to 57.5% of NPAT even as the dividend is trimmed 5.3% to 2.7 cps.
Published 22 April 2026
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Showing 1-10 of 10 published briefings.
Weaker investment income pushes the interim payout ratio to 57.5% of NPAT even as the dividend is trimmed 5.3% to 2.7 cps.
Published 22 April 2026
Read briefingA listed investment vehicle's full-year result is almost entirely an HY25 print; the second half gave back portfolio gains and run-rate momentum...
Published 22 April 2026
Read briefingA $58.7m income swing flipped the result positive, but operating cash fell 32.3% and the cash balance is down to $1.5m.
Published 22 April 2026
Read briefingInvestment returns drove the turnaround, but operating cash flow softened and NAV (total equity) still slipped 0.9% year on year.
Published 22 April 2026
Read briefingA smaller mark-to-market drag drove the headline improvement, yet equity continued to erode and the interim dividend was trimmed 7.7%.
Published 22 April 2026
Read briefingA second-half recovery cut the interim NZ$48.4m loss by more than half, yet NAV still fell 8.7% and the final dividend was trimmed.
Published 22 April 2026
Read briefingMark-to-market portfolio reversal drove the headline, but underlying dividend income and operating cash flow both improved.
Published 22 April 2026
Read briefingA negative full-year investment return masks a 44% rise in underlying dividend income, while NAV per the balance sheet fell 8.3% and the final...
Published 22 April 2026
Read briefingEarnings halved off an exceptional HY21 base while equity grew 40.7%, leaving ROE compressed to 11.2% despite a higher dividend.
Published 22 April 2026
Read briefingListed-investment vehicle rides equity-market recovery from a NZ$1.7m FY20 base, but operating cash outflow deepens to NZ$48.3m.
Published 22 April 2026
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