Published briefings

Analytical briefings for NZX company announcements.

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Showing 313-336 of 622 published briefings.

Genesis Energy (GNE)HY24Released 22 February 2024

Revenue up 18.3% but EBITDAF fell 32.2% and NPAT collapsed 73.6%

Dividend cut 20.5% to 7.0 cps as leverage jumped to 6.4x EBITDAF, with the payout now 194.5% of NPAT and no forward guidance provided.

Published 22 April 2026

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Barramundi (BRM)HY24Released 22 February 2024

BRM HY24 NPAT up 39% but tax tailwind masks weaker 31% PBT lift

Investment returns and cash both rose sharply, yet an effective tax rate of 4.5% versus 9.9% inflated the headline and annualised revenue still...

Published 22 April 2026

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Air New Zealand (AIR)HY24Released 22 February 2024

PBT fell 38% on an 11% revenue rise as pre-lease free cash flow turned negative

Air New Zealand grew the top line but margins and cash conversion both deteriorated sharply, with operating cash inflow down 58% and capex...

Published 22 April 2026

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Sky Network Television (SKT)HY24Released 22 February 2024

EBITDA up 10.9% to $81.7m, FY24 dividend guidance lifted to ≥17.5 cps

A clean first half with revenue, EBITDA and operating cash all rising faster than sales, funding a higher interim and an upgraded full-year payout...

Published 21 April 2026

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Auckland International Airport (AIA)HY24Released 22 February 2024

AIA: EBITDAF up 64% but capex doubles to NZ$451.5m, FCF at -NZ$242.4m

Travel recovery lifted every P&L line, yet a step-up in capital spend and reinstated dividend leave the funding gap widening despite better...

Published 21 April 2026

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Comvita (CVT)HY24Released 21 February 2024

Revenue down 7.8% flipped PBT to a NZ$4.2m loss; leverage near 14x EBITDA

A NZ$10.0m PBT reversal alongside NZ$143.4m of inventory and NZ$98.7m of borrowings leaves earnings and balance-sheet direction working against...

Published 22 April 2026

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The Colonial Motor Company (CMO)HY24Released 21 February 2024

PBT down 33% on a 1.2% revenue dip as inventories balloon 37%

Colonial Motor held the 15cps interim but earnings, cash and leverage all weakened against a flagged "very strong" prior comparator.

Published 22 April 2026

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EBOS Group (EBO)HY24Released 21 February 2024

Revenue up 7.1% but PBT flat as cash conversion halved and leverage climbed...

Headline growth and a lifted dividend mask a sharp step-down in operating cash flow, a capex surge and net debt to EBITDA rising from 2.9x to 3.6x.

Published 22 April 2026

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Winton Land (WIN)HY24Released 20 February 2024

NPAT collapsed 71.8% on flat revenue as residential margins reset

Operating cash flow swung positive but capex tripled, first-time debt of $64.1m was drawn, and the interim dividend was cut 73.3%.

Published 23 April 2026

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Tourism Holdings (THL)HY24Released 20 February 2024

NPAT up 58% but operating cash flow swung NZ$85m to a NZ$78.8m outflow

Apollo-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 2026

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Steel & Tube Holdings (STU)HY24Released 20 February 2024

Steel & Tube NPAT halves on 17% revenue drop as margins compress in Distribution

Trading earnings fell sharply but a working-capital unwind drove the group to a net cash position with no bank debt.

Published 22 April 2026

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Mercury NZ (MCY)HY24Released 20 February 2024

MCY EBITDAF fell 3.8% while PBT collapsed 19.9% on a 23.6% revenue surge

Revenue inflation masked severe margin compression as retail turned loss-making and below-the-line charges drove PBT down NZ$61m.

Published 21 April 2026

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Contact Energy (CEN)HY24Released 19 February 2024

EBITDAF near-tripled to $354m, but cash conversion slipped to 71%

HY24 swings from loss to $153m profit off a depressed HY23 base, and leverage halves to 4.6x EBITDAF even as gross borrowings rise $495m.

Published 22 April 2026

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South Port New Zealand (SPN)HY24Released 16 February 2024

NPAT fell 41% and operating cash collapsed 84% on flat revenue

A held dividend and a 22.5% rise in gross borrowings mask an earnings and cash-conversion deterioration that has pushed payout above 64%.

Published 23 April 2026

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Skellerup Holdings (SKL)FY24Released 15 February 2024

HY24 NPAT -6% but operating cash flow surges 81% to record $36.5m

Management still guides FY24 NPAT similar to FY23's $50.9m, implying H2 must deliver a step-up on a softer demand backdrop.

Published 22 April 2026

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Fletcher Building (FBU)HY24Released 14 February 2024

PBT swung NZ$275m negative as Tradelink write-down and NZ housing slump hit

Revenue held flat but margins collapsed, the interim dividend was pulled, and gross borrowings jumped NZ$476m while operating cash stayed negative.

Published 22 April 2026

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Australian Foundation Investment Company (AFI)HY24Released 24 January 2024

NPAT fell 8.2% as a higher tax charge compounded a 6.9% revenue decline

Investment income softened and cash conversion weakened, yet the interim dividend was lifted to a payout ratio of 95.4% of earnings.

Published 22 April 2026

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PGG Wrightson (PGW)HY24Released 19 January 2024

EBITDA halved to $25.1m despite revenue up 16.7%

Top-line growth masked a sharp margin compression, a leverage spike to 6.7x net debt/EBITDA, and a 42% cut to the interim dividend.

Published 22 April 2026

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Tourism Holdings (THL)FY24Released 11 January 2024

Revenue up 51.7% on Apollo, but PBT fell 17.6% and net debt nearly doubled

Acquisition-driven scale lifted the top line past NZ$1b while earnings, dividend cover and leverage all moved the wrong way.

Published 22 April 2026

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ArborGen Holdings (ARB)HY24Released 13 December 2023

ArborGen revenue up 78% but PBT barely moved, NPAT flattered by tax benefit

A US$1.4m tax credit masks a near-flat pre-tax loss, while the annualised first-half run-rate sits 53% below the FY23 base in what is a...

Published 22 April 2026

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Chorus (CNU)HY24Released 12 December 2023

Chorus HY24: PBT swings to $37m but dividend runs above cash generation

Operating momentum and improving leverage sit alongside a payout that exceeds both NPAT and pre-lease free cash flow.

Published 22 April 2026

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Templeton Emerging Markets Investment Trust Plc (TEM)HY24Released 8 December 2023

TEMIT HY24: revenue income down 31% even as NAV loss narrows to NZ$11.9m

Dividend income collapsed year-on-year and receivables days nearly doubled, even as the portfolio mark-to-market loss narrowed sharply against a...

Published 23 April 2026

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Henderson Far East Income (HFL)FY23Released 1 December 2023

FY23 swung to NZ$56.2m loss as capital column booked NZ$89.5m portfolio...

Revenue return held at NZ$33.2m and still covered cash flow, but mark-to-market losses on the Asia Pacific portfolio stripped 16.9% from equity.

Published 21 April 2026

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Cooks Coffee Company (CCC)HY24Released 30 November 2023

Equity turned negative as a NZ$5.3m discontinued-ops loss sank HY24 NPAT

Core UK & Ireland franchise segment profit rose 36%, but a discontinued-operation write-down and a 34% headline revenue decline leave the balance...

Published 22 April 2026

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