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Showing 1-8 of 8 published briefings.
Gross margin collapsed from 9.5% to 0.4% and working capital absorbed cash aggressively, leaving net debt/EBITDA at 13.6x with no quantified FY26...
Published 23 April 2026
Read briefingReturn to profitability is real at the reported line, but operating cash flow is still negative and leverage remains at 6.2x EBITDA.
Published 23 April 2026
Read briefingBoth operating segments turned loss-making on a 15.2% revenue decline, and a flagged deleveraging review has no stated outcome or timeline.
Published 23 April 2026
Read briefingA 20.5% revenue decline and an 83% collapse in operating cash flow pushed net debt/EBITDA from 2.6x to 4.6x, ahead of a stated divestment plan.
Published 23 April 2026
Read briefingGross margin actually widened 188bps, but a $132.1m inventory build drove a $124.7m operating cash outflow and lifted net debt to $516.9m.
Published 23 April 2026
Read briefingRecovery is real against a depressed HY21 base, but a low 10.2% tax rate, one-off working-capital release, and still-elevated 5.7x leverage temper...
Published 22 April 2026
Read briefingRevenue grew 5% but a weak second half turned EBITDA negative, collapsed cash conversion, and pushed net debt/EBITDA from 3.1x to 12.8x.
Published 22 April 2026
Read briefingDairyworks added $112.6m of consolidated revenue but gross margin halved to 9.0%, infant formula volumes fell 16% and leverage stretched to...
Published 22 April 2026
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