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Showing 1-6 of 6 published briefings.
Top-line recovery and higher EBITDA were more than offset below the line, while cash fell NZ$86.6m and receivable days stretched.
Published 21 April 2026
Read briefingOperating cash conversion slipped from 89% to 70% of EBITDA, but the balance sheet stayed in net cash and the dividend was held.
Published 21 April 2026
Read briefingEarnings de-levered sharply to the top-line decline while an unchanged 85c interim payout outruns pre-lease FCF at a 145% ratio.
Published 21 April 2026
Read briefingOperating cash flow jumped 50.3% as receivable days compressed 16 days, but capex stepped up to 5.3% of revenue and the full-year dividend held flat.
Published 21 April 2026
Read briefingRevenue grew 32.1% and earnings outpaced it, yet gross borrowings more than quadrupled and cash conversion to NPAT weakened.
Published 21 April 2026
Read briefingRevenue rose 47.2% to NZ$5.2b and net debt effectively cleared, yet receivable days stretched and OCF-to-EBITDA fell nearly 10 points.
Published 21 April 2026
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