RTO (RTO)•HY23•Released 29 November 2022Net debt of NZ$1.28bn flipped to net cash, but HY23 still lost NZ$101.2mRevenue collapsed 92.1% and operating cash flow swung NZ$478.3m into deficit, even as the balance sheet was recapitalised ahead of a flagged...Published 23 April 2026Read briefing→
RTO (RTO)•FY22•Released 30 May 2022Revenue collapsed 71% with just NZ$5.5m generated in H2 as book runs offLosses narrowed modestly to NZ$382.3m but cash fell 92.5% to NZ$148.3m and net debt more than doubled, consistent with a shell heading into a...Published 23 April 2026Read briefing→
RTO (RTO)•HY22•Released 29 November 2021Equity turns negative as loan book runs off and RTO shell emergesLoss narrowed 36.9% but revenue fell 63.7%, cash collapsed from NZ$2.3bn to NZ$152.4m, and equity is now negative NZ$76.6m.Published 23 April 2026Read briefing→
Blackwell Global Holdings (RTO)•FY21•Released 31 May 2021Revenue collapsed 69% and equity fell 62% despite a narrower lossA smaller reported loss masks a business that has stopped deploying into new loans, with operating cash down 94% and equity down to NZ$262.8m.Published 23 April 2026Read briefing→