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NZX results archive

NZX company results and financial reports.

Read what changed in the latest company results, compare equivalent periods, and open issuer-labelled annual reports and other source documents where available.

South Port New Zealand (SPN)HY25Released 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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Skellerup Holdings (SKL)HY25Released 13 February 2025

Record $24.2m NPAT and 115.4% FCF conversion cut net debt to $20.4m

Earnings expanded on essentially flat revenue, but inventory days rose to 94.5 as working capital absorbed $6.9m of cash.

Published 23 April 2026

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Vulcan Steel (VSL)HY25Released 11 February 2025

PBT down 64% on a 13% revenue decline as operating leverage bites

Operating cash flow of $80.7m and a held 2.5 cent interim dividend partially cushion an earnings collapse driven by trading headwinds.

Published 23 April 2026

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Delegat Group (DGL)FY25Released 3 February 2025

EBITDA fell $12m but NPAT rose as tax rate dropped to 28.3%

Operating EBITDA dropped to $116.5m on a 12% case-volume decline, with cash generation aided by a $19.9m debtor release and lower capex.

Published 22 April 2026

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Australian Foundation Investment Company (AFI)HY25Released 22 January 2025

Portfolio trailed benchmark by 0.4pp; payout ratio reached 97.6%

Investment income rose 3.0% but a 7.2% portfolio return lagged the 7.6% benchmark, reversing last year's 0.7pp outperformance.

Published 22 April 2026

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AFC Group Holdings (AFC)HY25Released 29 November 2024

Cash fell to NZ$3k as operating burn hit NZ$208k on inventory build

Revenue fell 17.8% and gross margin compressed 656bps, but the operating cash swing and 876-day inventory dominate the read.

Published 18 May 2026

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Burger Fuel Group (BFG)HY25Released 29 November 2024

Cash conversion at unprecedented 21.5% as cash reserves halved

Revenue slipped 1.3% while a $0.2M shareholder-litigation cost helped drive PBT down 20.2% and operating cash flow down 79.1%.

Published 22 April 2026

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Blackwell Global Holdings (RTO)HY25Released 28 November 2024

RTO cleared $0.5m of bond debt while still hunting a reverse takeover

Borrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.

Published 18 May 2026

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Ryman Healthcare (RYM)HY25Released 28 November 2024

PBT up 21.9% but NPAT fell 49.4% on a tax-rate flip

A tax line that flipped from +30.2% to -46.0% drove the NPAT divergence while pre-lease free cash flow stayed below the historical range at -$52.5m.

Published 28 April 2026

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Iperion (IPR)HY25Released 28 November 2024

Loss narrowed 21.4% but equity fell 62.2% on continued zero-revenue burn

The smaller HY25 loss is cost-base contraction, not progress, with NZ$0.1m of cash facing a NZ$0.3m half-year operating burn.

Published 28 April 2026

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Tower (TWR)FY24Released 28 November 2024

Combined ratio swung 22 points to 79%, restoring underwriting profit

FY24 reflects a calmer large-event year and IFRS 17 first-time adoption, so the headline recovery is not a clean like-for-like read.

Published 23 April 2026

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Metro Performance Glass (MPG)HY25Released 28 November 2024

Net debt at 6.0x EBITDA as EBITDA fell 44% on a 12.4% revenue decline

Operating cash flow dropped 74.8% to NZ$3.4m and equity contracted 34.7%, leaving leverage nearly double the historical 3.3x mean.

Published 22 April 2026

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Green Cross Health (GXH)HY25Released 28 November 2024

FCF jumped to $23.1m on debtor release while ROE slipped to 3.3%

NPAT was flat at $5.6m and returns sat below the historical baseline as a $4.9m receivables drawdown drove most of the cash uplift.

Published 22 April 2026

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Fisher & Paykel Healthcare (FPH)HY25Released 28 November 2024

FPH PBT up 46.8% as capex normalisation swings FCF positive

Operating leverage delivered above-baseline earnings growth while capex falling 80% to NZ$55.1m rebuilt FPH into a net cash position.

Published 22 April 2026

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Rakon (RAK)HY25Released 27 November 2024

Revenue fell 32% pushing Rakon to a $15.1m PBT loss

Operating cash flow rose 14% but only via $18.7m of working-capital release; inventory days still climbed 47 days.

Published 29 April 2026

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Pacific Edge (PEB)HY25Released 26 November 2024

Revenue fell 16.3% with under a year of cash at current burn rate

Loss narrowed just 4.9% despite a smaller cost base, leaving $21.9m of cash against a $12.5m half-year operating burn.

Published 22 April 2026

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Gentrack Group (GTK)FY24Released 26 November 2024

Revenue grew 25.5% but EBITDA only 1.7% as Utilities margin compressed

Strong top-line growth was offset by Utilities segment margin compression from 13.2% to 10.0%, leaving operating earnings roughly flat.

Published 22 April 2026

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Asset Plus (APL)HY25Released 26 November 2024

HY25 $2.3m profit driven by $2.3m unrealised property revaluation

Reported swing from loss to profit reflects a property revaluation, not cash earnings, ahead of a 35 Graham Street sale that will clear all debt.

Published 22 April 2026

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Blis Technologies (BLT)HY25Released 26 November 2024

Blis returned to profit with 25.4% revenue growth and NZ$0.7m OCF

HY25 swung from a NZ$0.7m loss to a NZ$0.2m profit, but the prior year's heavy second-half skew sets a demanding bar for FY25.

Published 22 April 2026

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Turners Automotive Group (TRA)HY25Released 25 November 2024

Finance and Insurance lifted PBT 4.7% as Auto Retail eased revenue 2.5% lower

Earnings held up versus a -2.5% top line that sits well below the 14.9% historical growth mean, with Auto Retail's segment result down 18%.

Published 29 April 2026

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Radius Residential Care (RAD)HY25Released 25 November 2024

PBT up 75% but reported EBITDA fell 8.1% on a care home sale

Net debt cut 25% and cash conversion improved, but a 94.2% payout sits against a $0.07m cash balance and a higher tax rate.

Published 23 April 2026

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Kiwi Property Group (KPG)HY25Released 25 November 2024

Operating profit fell 25.2% as pre-lease FCF dropped to -$27.3m

The 218.3% NPAT rebound is a valuation-driven swing from prior-year losses; operating profit, cash conversion, and the dividend all weakened.

Published 22 April 2026

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Oceania Healthcare (OCA)HY25Released 22 November 2024

Underlying EBITDA up 2.7% but reported result swung to NZ$17.1m NPAT loss

Operating cash flow surged on a NZ$101m receivables collection while items below EBITDA pushed PBT down 160.3% to a NZ$19.5m loss.

Published 22 April 2026

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General Capital (GEN)HY25Released 22 November 2024

Maiden dividend sets payout at 96.5% of NPAT as revenue growth slows to 38.7%

Operating cash of NZ$15.3m easily funds the inaugural distribution, but revenue growth has slowed sharply from the company's recent baseline.

Published 22 April 2026

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