Michael Hill International (MHJ)•HY26•Released 2 March 2026NPAT up 32.0% and pre-lease FCF lifts to NZ$86.4m, above historical rangeThe HY26 result sits well above the recent baseline, but FY25's loss-making second half makes H2 durability the central open question.Published 22 April 2026Read briefing→
Michael Hill International (MHJ)•FY25•Released 25 August 2025PBT collapsed 90.8% as H2 NPAT loss erased H1 profitImplied H2 NPAT loss of $14.8m wiped out the H1 result and net debt swung from a $2.3m surplus to $41.9m.Published 22 April 2026Read briefing→
Michael Hill International (MHJ)•HY25•Released 24 February 2025NPAT up 9.7% but interim dividend skipped as margins sit at range lowsReported NZ$16.9m profit landed on a -0.7% revenue print and a 6.6% PBT margin, with the board declining the interim dividend that paid 1.75c lastPublished 22 April 2026Read briefing→
Michael Hill International (MHJ)•FY24•Released 2 September 2024Revenue up 2.4% but PBT collapsed 101% as H2 swung to a NZD 15.9m lossOperating cash halved and the group flipped from net cash to NZD 38.7m net debt, with no final dividend declared for FY24.Published 22 April 2026Read briefing→
Michael Hill International (MHJ)•HY24•Released 26 February 2024MHJ HY24: PBT fell 59.7% on a flat revenue line with dividend suspendedMargin compression and an inventory build above the historical range left pre-lease FCF at NZ$9.1m, well below the NZ$57.3m baseline.Published 22 April 2026Read briefing→
Michael Hill International (MHJ)•FY23•Released 25 August 2023FY23 free cash flow at 152.4% of NPAT on NZD80.1m operating cashCash conversion stayed strong but management commentary points to a marked H2 trading slowdown from +6.0% to -0.8%.Published 22 April 2026Read briefing→
Michael Hill International (MHJ)•HY23•Released 27 February 2023Operating cash fell 33% on inventory build despite 11.1% revenue growthCash conversion dropped from 86.9% to 54.5% as Australia carried group earnings while Canada and New Zealand segment results fell.Published 22 April 2026Read briefing→