Rakon (RAK)•FY23•Released 24 May 2023Rakon PBT down 25% and operating cash flow cratered 63% on a 4.9% revenue liftTop-line growth masked a margin, capex and working-capital squeeze that pushed pre-lease free cash flow negative and softened the H2 profit shape.Published 21 April 2026Read briefing→
Rakon (RAK)•HY23•Released 24 November 2022PBT up 15% but operating cash collapsed to zero on a $28m inventory buildUnderlying earnings growth looks real, but a tax normalisation and a sharp working-capital draw have hidden the quality deterioration.Published 21 April 2026Read briefing→
Rakon (RAK)•FY22•Released 26 May 2022Rakon FY22: PBT up 275% on chip-shortage demand, inventory swells 52%Operating earnings nearly quadrupled and the balance sheet swung deeper into net cash, but inventory days extended and FCF-to-NPAT conversion halved.Published 21 April 2026Read briefing→