Tourism Holdings (THL)•HY26•Released 23 February 2026THL HY26 NPAT up 17% as inventory cleardown lifts FCF five-foldEarnings rebased off a loss-making H2 FY25, but cash conversion improvement leans heavily on a NZ$78m inventory drawdown and lower capex.Published 23 April 2026Read briefing→
Tourism Holdings (THL)•FY25•Released 25 August 2025THL swung to a NZ$25.8m statutory loss as H2 erased H1 profitUnderlying NPAT fell 45% to NZ$28.7m and operating cash flow collapsed 83%, but capex restraint and inventory clearance pulled net debt down NZ$40m.Published 23 April 2026Read briefing→
Tourism Holdings (THL)•HY25•Released 25 February 2025THL NPAT down 36% and interim dividend cut 44% on RV sales pressureRevenue edged up 2% but profit compression and a larger debt base lifted net debt to EBITDA to roughly 4.2x.Published 23 April 2026Read briefing→
Tourism Holdings (THL)•HY24•Released 20 February 2024NPAT up 58% but operating cash flow swung NZ$85m to a NZ$78.8m outflowApollo-boosted revenue of NZ$449.2m drove headline profit, but working-capital absorption and a NZ$100m jump in net debt reset the balance-sheet...Published 22 April 2026Read briefing→
Tourism Holdings (THL)•FY24•Released 11 January 2024Revenue up 51.7% on Apollo, but PBT fell 17.6% and net debt nearly doubledAcquisition-driven scale lifted the top line past NZ$1b while earnings, dividend cover and leverage all moved the wrong way.Published 22 April 2026Read briefing→