Published briefings

Analytical briefings for NZX company announcements.

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Showing 505-528 of 622 published briefings.

The Colonial Motor Company (CMO)FY22Released 17 August 2022

CMO FY22: NPAT up 33.6% on $1.0b revenue, but inventory drawdown signals...

A record result delivered on shrinking stock and a weaker second half leaves the durability of earnings an open question.

Published 22 April 2026

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Fletcher Building (FBU)FY22Released 17 August 2022

PBT up 38% but operating cash fell 33% as net debt more than tripled

Earnings growth was real but cash conversion collapsed on a $341m inventory build and capex nearly doubled, taking net debt from $191m to $689m.

Published 21 April 2026

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Mercury NZ (MCY)FY22Released 16 August 2022

EBITDAF up 25% but 91% of FY22 NPAT landed in the first half

Headline earnings flattered by a low 8% tax rate and H1 gains while working capital built and net debt/EBITDAF stepped to 3.3x.

Published 21 April 2026

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Millennium & Copthorne Hotels New Zealand (MCK)HY22Released 10 August 2022

PBT fell 22.5% as land development carried a still-loss-making hotel book

Residential Land Development supplied essentially all of segment profit while cash halved and Hotel Operations stayed loss-making despite reopening.

Published 21 April 2026

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CDL Investments New Zealand (CDI)HY22Released 10 August 2022

CDI's NPAT up 10.3% on a 22.2% revenue drop as cash reserves collapse 83%

A 1,979bp gross margin expansion drove earnings higher on lower sales, but operating cash fell 74.9% and the cash balance dropped from $91.0m to...

Published 21 April 2026

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T&G Global Limited and subsidiary companies (TGG)HY22Released 5 August 2022

T&G HY22: operating profit up 37.8% but operating cash flow swung $67.8m...

PBT 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

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Australian Foundation Investment Company (AFI)FY22Released 25 July 2022

AFI FY22: NPAT up 53.4% on dividend recovery as portfolio equity fell $568.5m

A full-year income rebound sits against a 9.3% decline in total assets, underlining that reported profit and portfolio value moved in opposite...

Published 22 April 2026

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Templeton Emerging Markets Investment Trust Plc (TEM)FY22Released 15 June 2022

PBT swung NZ$483.7m into loss as portfolio revalued sharply lower

Dividend income held close to prior-year levels, but a NZ$442.4m NPAT loss and a halved final dividend signal a portfolio-driven, not operating,...

Published 22 April 2026

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TruScreen Group (TRU)FY22Released 30 May 2022

Truscreen loss widens 126% to NZ$7.9m as gross margin halves and H2...

Revenue grew 48% to NZ$1.7m but cash fell to NZ$2.8m and equity collapsed 70%, raising a funding question the release does not address.

Published 23 April 2026

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RTO (RTO)FY22Released 30 May 2022

Revenue collapsed 71% with just NZ$5.5m generated in H2 as book runs off

Losses narrowed modestly to NZ$382.3m but cash fell 92.5% to NZ$148.3m and net debt more than doubled, consistent with a shell heading into a...

Published 23 April 2026

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New Talisman Gold Mines (NTL)FY22Released 30 May 2022

NTL: revenue down 59.9% to NZ$1,191 while NPAT loss widened 39.8% to NZ$1.07m

Cash halved to NZ$492.5k as losses accelerated against a de minimis top line, leaving a visibly shortening runway with no disclosed guidance or...

Published 22 April 2026

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Iperion (IPR)FY22Released 30 May 2022

IPR loss widens 40% to NZ$164.7m as NZ$2.1bn cash is deployed into impairing...

Interest income halved as the cash pile collapsed from NZ$2.12bn to NZ$21.7m, and the assets it was redeployed into drove a larger loss than last...

Published 22 April 2026

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ArborGen Holdings (ARB)FY22Released 30 May 2022

Continuing-ops NPAT +13% but statutory PBT swung to a $3.0m loss

Net debt nearly halved to $11.5m and inventory unwound, yet headline earnings fell 47% as the divested ANZ business flattered the prior year.

Published 22 April 2026

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Third Age Health Services (TAH)FY22Released 30 May 2022

NPAT up 12.6% but PBT essentially flat as lower tax rate did the work

Revenue and gross margin expanded on GP acquisitions, but operating cash flow fell 31% and the headline earnings growth is largely a tax-rate effect.

Published 21 April 2026

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Metro Performance Glass (MPG)FY22Released 30 May 2022

MPG swings to NZ$0.5m loss as NZ margin halves despite 1.6% revenue lift

Top line held up, but NZ segment EBIT more than halved, operating cash flow fell 56%, and inventory days jumped by roughly 13 days.

Published 21 April 2026

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Cooks Coffee Company (CCC)FY22Released 30 May 2022

Cooks swung to $0.3m NPAT on UK reopening, but operating cash turned negative

Revenue nearly quadrupled to $6.6m as UK & Ireland franchising drove the profit swing, yet operating cash flow flipped from a $0.04m inflow to a...

Published 21 April 2026

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Savor (SVR)FY22Released 27 May 2022

Savor FY22 EBITDA swung to -$27.6m as H2 revenue collapsed to $1.5m

A capital injection lifted cash to $92.6m and cleared borrowings, but the operating result and $30.0m cash burn set a hard reset baseline.

Published 22 April 2026

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Tower (TWR)HY22Released 26 May 2022

Large events cut reported NPAT 74.5% while underlying NPAT edged up 6.4%

Gross written premium grew 11.1% and guidance was held, but statutory earnings and cash conversion fell sharply, loading the FY22 target into the...

Published 22 April 2026

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Rakon (RAK)FY22Released 26 May 2022

Rakon FY22: PBT up 275% on chip-shortage demand, inventory swells 52%

Operating earnings nearly quadrupled and the balance sheet swung deeper into net cash, but inventory days extended and FCF-to-NPAT conversion halved.

Published 21 April 2026

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Mainfreight (MFT)FY22Released 26 May 2022

Mainfreight FY22 NPAT up 88.9% but cash conversion slipped

Revenue rose 47.2% to NZ$5.2b and net debt effectively cleared, yet receivable days stretched and OCF-to-EBITDA fell nearly 10 points.

Published 21 April 2026

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Napier Port Holdings (NPH)HY22Released 24 May 2022

Underlying NPAT fell 32% while borrowings tripled to NZ$118.3m

Lower trade volumes eroded operating profit as a capex-heavy build cycle lifted net debt to NZ$115.2m, leaving the dividend uncovered by free cash...

Published 22 April 2026

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Turners Automotive Group (TRA)FY22Released 24 May 2022

NPAT up 16.4% but operating cash swung to a $43.9m outflow as borrowings...

Reported earnings growth is clean on tax, but cash generation inverted and leverage funded the dividend and balance sheet expansion.

Published 22 April 2026

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Kingfish (KFL)FY22Released 23 May 2022

KFL swings to a $17.3m loss as H2 portfolio reversal wipes out FY21 gains

A negative full-year investment return masks a 44% rise in underlying dividend income, while NAV per the balance sheet fell 8.3% and the final...

Published 22 April 2026

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Kiwi Property Group (KPG)FY22Released 23 May 2022

NPAT up 14.1% but dividend cut as net debt climbs past $1.12b

Headline earnings growth runs well ahead of operating cash, and the 2.85cps final dividend remains uncovered by pre-lease free cash flow.

Published 21 April 2026

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