PBT margin fell to 6.5%, the weakest in four years, as NPAT slipped to NZ$251.0m
Operating margins compressed even as pre-lease free cash flow climbed to NZ$392.1m on capex restraint.
Published 28 May 2026
Read briefingCompany archive
Read that company's published results in release order, newest first.
Showing 1-8 of 8 published briefings.
Operating margins compressed even as pre-lease free cash flow climbed to NZ$392.1m on capex restraint.
Published 28 May 2026
Read briefingThe NPAT headline reflects effective tax falling from 47.2% to 28.5%; an Australian record offset profit declines across New Zealand, Asia
Published 29 April 2026
Read briefingEBITDA rose 6.4% but PBT fell 7.8%, debtors outpaced revenue by nearly 2x, and net debt swung to $88.4m from net cash.
Published 22 April 2026
Read briefingOperating deterioration is real, but ~$69m of abnormals doubled the headline NPAT decline to 51.1% as cash conversion fell from 89.0% to 70.0%.
Published 22 April 2026
Read briefingOperating deleverage halved profit growth, cash conversion dropped to 58.3% from 69.0%, and the unchanged 85c interim now absorbs 68.7% of NPAT.
Published 22 April 2026
Read briefingOperating earnings and a $186m working capital release boosted cash flow, but second-half trading slowed against a strong comparable.
Published 22 April 2026
Read briefingOperating leverage and an FX tailwind drove earnings, but capex up 125.7% pushed FCF coverage of NPAT down to 51.5%.
Published 22 April 2026
Read briefingWorking capital absorbed $316.4m as receivable days extended six days, leaving FCF/NPAT at 87.5% versus 137% prior.
Published 22 April 2026
Read briefingGet full NZX result briefings by email as new coverage is published.