Winton Land (WIN)•HY26•Released 20 February 2026Settlements collapsed to 14 units, swinging operating cash $37m negativeRevenue fell 60.0% and net debt nearly doubled as inventories built, even as the commercial portfolio swung to a positive segment result.Published 23 April 2026Read briefing→
Winton Land (WIN)•FY25•Released 27 August 2025Net debt/EBITDA jumped from 0.8x to 3.7x as PBT fell 44.7%Strong reported cash flow came from a $21.6m inventory drawdown, masking rising leverage and a paused dividend.Published 23 April 2026Read briefing→
Winton Land (WIN)•HY25•Released 21 February 2025Winton swung to $2.0m loss as net cash flipped to $52.4m net debtA 5.3% revenue dip turned $14.2m of EBITDA into a $0.1m loss while capex nearly doubled and the cash balance fell $73.2m.Published 23 April 2026Read briefing→
Winton Land (WIN)•FY24•Released 23 August 2024Winton swung from $204.8m net cash to $23.1m net debt as PBT fell 38.3%A $65.4m inventory build and $42.1m of capex consumed the cash pile and required a new debt facility, even as revenue rose 8.8%.Published 23 April 2026Read briefing→
Winton Land (WIN)•HY24•Released 20 February 2024PBT collapsed 72.2% on a 0.6% revenue riseResidential development margins compressed sharply, with capex up 199.9% and $64.1m drawn on a previously undrawn debt facility.Published 23 April 2026Read briefing→