Capex doubled to $28.1m and FCF swung to -$4.3m
Underlying earnings grew on container services, but capex intensity of 33.1% of revenue lifted net debt to $129.5m.
Published 20 May 2026
Read briefingCompany archive
Read that company's published results in release order, newest first.
Showing 1-11 of 11 published briefings.
Underlying earnings grew on container services, but capex intensity of 33.1% of revenue lifted net debt to $129.5m.
Published 20 May 2026
Read briefingReported NPAT +24.6% is flattered by a tax-rate drop from 33.5% to 28.3%; cleaner PBT growth of 15.5% sits within Napier Port's historical range.
Published 18 May 2026
Read briefingContainer volume recovery delivered record half-year port margins, while a normalised effective tax rate flatters headline NPAT growth.
Published 23 April 2026
Read briefingRevenue rose 19.4% on post-Cyclone Gabrielle volume recovery, but an elevated 33.5% effective tax rate compresses the NPAT read versus PBT.
Published 23 April 2026
Read briefingLog export and cruise volume recovery drove an unprecedented operating swing, while a step-up in the effective tax rate compressed the bottom line.
Published 23 April 2026
Read briefingReported NPAT fell 18.8%, but the disclosed underlying figure dropped from NZ$18.6m to NZ$10.7m while a capex pause flattered free cash flow.
Published 23 April 2026
Read briefingOperating profit rose 33% on container and cruise recovery, yet PBT was flat at $11.7m and the interim dividend was cut 39%.
Published 23 April 2026
Read briefingContainer volumes fell 7.9% and net debt jumped to $129.2m to fund infrastructure, while the 7.5 cps dividend sat at a 75% NPAT payout.
Published 23 April 2026
Read briefingDisruption-driven revenue decline coincides with a peak-capex balance sheet step-up, leaving free cash flow at NZ$-30.7m and the dividend uncovered.
Published 23 April 2026
Read briefingRecord reported earnings sit against capex of 94.7% of revenue and a step from net cash to NZ$75.7m net debt, defining the build phase.
Published 22 April 2026
Read briefingPre-lease free cash flow swung to -NZ$31.2m and cash fell 83.5% to NZ$2.7m, funded by NZ$34.7m of new borrowings.
Published 22 April 2026
Read briefingGet full NZX result briefings by email as new coverage is published.