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Company archive

South Port New Zealand (SPN) briefings

Read that company's published results in release order, newest first.

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Showing 1-10 of 10 published briefings.

South Port New Zealand (SPN)•HY26•Released 13 February 2026

Record HY26 lifts NPAT 46.6% on cargo and smelter recovery

Reported earnings ran well above the historical baseline, yet free cash flow eased to NZ$5.1m as capex stepped up and cash balances drew down.

Published 23 April 2026

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South Port New Zealand (SPN)•FY25•Released 22 August 2025

PBT up 32.8% but NPAT +79.7% flattered by tax-rate reset

An unusually large NZ$9.4m working-capital release boosted operating cash flow while the prior-period 45.1% effective tax rate normalised to 25.1%.

Published 23 April 2026

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South Port New Zealand (SPN)•HY25•Released 14 February 2025

NPAT up 93.3% but margins sit inside South Port's normal range

Headline rebound reflects recovery from an unusually weak HY24 rather than structural margin expansion at the port.

Published 23 April 2026

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South Port New Zealand (SPN)•FY24•Released 23 August 2024

PBT fell 18.8% but dividend held drove payout to 96.1%

A NZ$6.5m working-capital release and NZ$5.75m of additional borrowings funded a 27.0-cent dividend that swallowed almost all of a tax-distorted NPAT.

Published 23 April 2026

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South Port New Zealand (SPN)•HY24•Released 16 February 2024

OCF fell 83.9% and payout jumped to 64.7% as PBT collapsed 40.3%

A flat dividend on shrinking earnings and a near-empty operating cash flow was funded by an NZ$8.0m rise in gross borrowings.

Published 23 April 2026

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South Port New Zealand (SPN)•FY23•Released 25 August 2023

Revenue up 10.3% but NPAT fell 8.6% as tax rate jumped to 29.1%

Operating performance was steadier than headline NPAT suggests, but the maintained 27.0c dividend ran at 341.5% of free cash flow as net debt rose.

Published 23 April 2026

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South Port New Zealand (SPN)•HY23•Released 9 February 2023

ROE fell to 9.3%, below range, as assets grew 20% on falling NPAT

Gross borrowings rose 42% to $35.5m to fund expansion while PBT fell 14.3% and container and log volumes contracted sharply.

Published 23 April 2026

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South Port New Zealand (SPN)•FY22•Released 25 August 2022

Capex more than doubled to 48.1% of revenue, swinging FCF to -$9.7m

Reported NPAT growth of 19.6% masks a sharp investment cycle that pushed gross borrowings from $9.0m to $25.5m.

Published 23 April 2026

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South Port New Zealand (SPN)•HY22•Released 8 February 2022

Gross borrowings more than doubled to $25.0m on flat HY22 revenue

Container volumes fell 23% and operating cash flow dropped 11%, while gross borrowings rose $14.0m to fund a 26.1% jump in total assets.

Published 23 April 2026

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South Port New Zealand (SPN)•FY21•Released 27 August 2021

Record NPAT masks FCF squeeze as dividend tops free cash flow

Headline NPAT rose 13.8% but doubled capex cut pre-lease FCF to $4.7m, leaving the 27.0c full-year dividend at 150.7% of free cash.

Published 23 April 2026

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