Apple-led 14.5% revenue lift drives T&G to $61.8m free cash flow
PBT swung 420.6% to $21.9m on premium apple pricing, with a one-third capex cut and a 26.7% tax rate flattering the read.
Published 22 April 2026
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PBT swung 420.6% to $21.9m on premium apple pricing, with a one-third capex cut and a 26.7% tax rate flattering the read.
Published 22 April 2026
Read briefingOperating cash flow turned positive and the apple segment doubled its result, but gross borrowings reclassified almost entirely to current.
Published 22 April 2026
Read briefingHeadline earnings improved sharply, but receivables at 51.3 days versus a 28.8-day historical mean signal collection pressure absorbing the cash gain.
Published 22 April 2026
Read briefingApples drove the operating recovery, but tax distortion, a NZ$50.0m rise in net debt and weaker operating cash cloud the read.
Published 22 April 2026
Read briefingWeather-driven volume damage pushed PBT to -$64.2m as gross borrowings rose 33.9% and equity fell 10.0%.
Published 22 April 2026
Read briefingRevenue rose 18.6% to NZ$765.3m but PBT fell to negative NZ$21.4m as a cyclone-hit apples crop and net debt up 57% strained the balance sheet.
Published 22 April 2026
Read briefingOperating profit rose 20.9% but a NZ$123.7m working-capital absorption pushed T&G from net cash to NZ$89.0m of net debt.
Published 22 April 2026
Read briefingPre-lease free cash flow fell to NZ$-62.3m and debtor days hit an unprecedented 61.9, undercutting the headline operating-profit recovery.
Published 22 April 2026
Read briefingApples earnings dropped on COVID labour and supply chain pressures while deleveraging moved T&G into a net cash position.
Published 22 April 2026
Read briefingApples and International Trading margins eroded and inventory days climbed to 53.3, while a NZ$14.5m receivables-led release lifted operating cash
Published 22 April 2026
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