T&G swings to NZ$21.9m PBT as Apples lifts segment profit 71%
Pre-lease free cash flow quadruples to NZ$61.8m on lower capex, but the result leans heavily on a single segment and H2 revenue softened.
Published 21 April 2026
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Showing 1-10 of 10 published briefings.
Pre-lease free cash flow quadruples to NZ$61.8m on lower capex, but the result leans heavily on a single segment and H2 revenue softened.
Published 21 April 2026
Read briefingPBT turned positive at $2.3m and operating cash inflow reached $18.7m, but parent NPAT stayed negative at -$1.1m and net debt held near $240m.
Published 21 April 2026
Read briefingApples-led recovery and NZ$60.7m operating cash flow turn the story around, yet a 44.8% effective tax rate and rising receivables limit the...
Published 21 April 2026
Read briefingApples segment recovery and a lower capex bill are offset by a tax-distorted NPAT, weaker operating cash, and a NZ$50m rise in net debt.
Published 21 April 2026
Read briefingRevenue grew 2.3% but every profit line went deeply negative, net debt nearly doubled, and a NZ$17.7m tax credit is the only thing keeping the...
Published 21 April 2026
Read briefingRevenue rose 18.6% but the largest segment's earnings evaporated, net debt climbed to $189.7m, and the group remained cash-consumptive.
Published 21 April 2026
Read briefingA 4.4% revenue decline and a pre-tax swing to loss coincided with capex doubling to $100m, moving the group from net cash to materially geared in...
Published 21 April 2026
Read briefingPBT rose 53.7% on a slightly lower revenue base, yet working capital and capex turned pre-lease FCF from +$20.9m to -$62.3m.
Published 21 April 2026
Read briefingA net-debt-to-net-cash swing and flat operating cash flow sit against a sharp earnings decline and heavier capex, leaving FCF thin.
Published 21 April 2026
Read briefingEarnings quality deteriorated across every segment, but sharply stronger operating cash flow and a NZ$48m cut in net debt reshape the...
Published 21 April 2026
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