NZME (NZM)•FY25•Released 24 February 2026EBITDA up 15% on flat revenue as NZM swings to $13.1m NPATCost discipline drove the profit recovery, but a second-half skew and rising capex raise questions about earnings run-rate sustainability.Published 20 April 2026Read briefing→
NZME (NZM)•HY25•Released 26 August 2025NZME HY25: cost cuts lifted EBITDA, but one-off costs erased the profitPublishing revenue kept falling, operating cash improved, and higher net debt made the management-versus-statutory gap harder to ignore.Published 20 April 2026Read briefing→
NZME (NZM)•FY24•Released 26 February 2025NZME PBT swings to -$12.5m loss despite 1.5% revenue growthRevenue edged higher and EBITDA held near $54m, but the PBT collapse to a $12.5m loss erases FY23's $17.8m profit and reveals a widening gap...Published 21 April 2026Read briefing→
NZME (NZM)•HY24•Released 27 August 2024NZME HY24: Revenue up 3.1% but NPAT fell 4.3% on higher tax rateOneRoof's swing to profit is the strategic highlight, but a higher effective tax rate and flat EBITDA mask the revenue gain at the bottom line.Published 21 April 2026Read briefing→