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Analytical briefings for NZX company announcements.

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Showing 601-622 of 622 published briefings.

Blackwell Global Holdings (RTO)FY21Released 31 May 2021

Revenue collapsed 69% and equity fell 62% despite a narrower loss

A smaller reported loss masks a business that has stopped deploying into new loans, with operating cash down 94% and equity down to NZ$262.8m.

Published 23 April 2026

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New Talisman Gold Mines (NTL)FY21Released 31 May 2021

Revenue evaporated to NZ$3.0k as cash buffer fell 55.5% in one year

The operating loss narrowed sharply, but with near-zero revenue the read is dominated by exploration-stage cash burn against a shrinking balance...

Published 22 April 2026

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Iperion (IPR)FY21Released 31 May 2021

Interest income halved to NZ$25.3m as the NZ$2.1b cash shell waited on M&A

FY21 loss narrowed 26.4% to NZ$117.6m but revenue collapsed 50.9% with no acquisition yet deployed from the NZ$2.1b cash pile.

Published 22 April 2026

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ikeGPS Group (IKE)FY21Released 31 May 2021

Revenue slipped 5.2% but losses widened 31% and operating cash burn tripled

An equity raise lifted cash to $11.3m and left IKE debt-free, buying runway while gross margin compressed 690bps and receivable days blew out.

Published 22 April 2026

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AFC Group Holdings (AFC)FY21Released 28 May 2021

Cash reserves depleted to NZ$3.4k as operating outflow tripled

FY21 losses narrowed 21.0% at the PBT line, but operating cash outflow more than tripled and liquid reserves are effectively exhausted against...

Published 22 April 2026

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Savor (SVR)FY21Released 28 May 2021

Brewing exit flips EBITDA positive but drives NPAT loss to $6.6m

Continuing-ops PBT loss narrowed 23.5% and net debt nearly halved, but a $3.5m discontinued-operation charge and near-zero operating cash flow...

Published 21 April 2026

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Kingfish (KFL)FY21Released 27 May 2021

KFL swings to NZ$142.7m NPAT on portfolio gains as cash outflow widens

Listed-investment vehicle rides equity-market recovery from a NZ$1.7m FY20 base, but operating cash outflow deepens to NZ$48.3m.

Published 22 April 2026

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Tower (TWR)HY21Released 26 May 2021

PBT down 18.6% on a 2.6% revenue decline, but operating cash 14x higher

Earnings softened and New Zealand margin halved, yet a strong cash swing funded Tower's first dividend in five years.

Published 22 April 2026

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Napier Port Holdings (NPH)HY21Released 25 May 2021

PBT fell 30% on flat revenue as capex flipped NPH into $32m net debt

Operating profit was only marginally lower, but below-the-line costs, working capital and a $45.8m capex program compressed cash and leverage...

Published 22 April 2026

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Turners Automotive Group (TRA)FY20Released 25 May 2021

Revenue fell 10.7% but PBT rose 28.6% as finance and insurance margins expanded

Earnings mix shifted toward higher-margin finance and insurance, while the balance sheet roughly doubled and cash dropped two-thirds.

Published 21 April 2026

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Kiwi Property Group (KPG)FY21Released 24 May 2021

NPAT swung to $196.5m but operating PBT fell 10.3% on a 6.3% revenue decline

The reported earnings recovery is a revaluation story; underlying property cash earnings softened and net debt edged higher.

Published 22 April 2026

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Kiwi Property Group (KPG)HY21Released 24 May 2021

NPAT swings to $196.5m as valuations reverse, but operating profit falls 10.3%

FY21 headline recovery is driven by property revaluation reversals, not underlying earnings, with revenue down ~6% and operating profit before tax...

Published 21 April 2026

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Argosy Property (ARG)FY21Released 19 May 2021

NPAT doubled on revaluation gains while operating profit grew just 8.4%

A NZ$241.7m FY21 NPAT flatters a rental business that grew underlying operating profit at single digits, with leverage still drifting higher.

Published 22 April 2026

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Infratil (IFT)FY21Released 19 May 2021

FY20 Tilt windfall rolls off; NPAT swings to a $49.2m loss

Continuing operations swung to an $87.6m loss as the Tilt Renewables segment result normalised from $503.6m to $71.6m and Wellington Airport...

Published 21 April 2026

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Synlait Milk (SML)HY21Released 29 March 2021

NPAT collapsed 76% and operating cash swung to -$69m despite 19% revenue growth

Dairyworks added $112.6m of consolidated revenue but gross margin halved to 9.0%, infant formula volumes fell 16% and leverage stretched to...

Published 22 April 2026

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Vista Group International (VGL)FY20Released 1 March 2021

Revenue down 39.4% drove a $56.7m NPAT loss as debtor days more than doubled

Cash built to $67.1m via financing, but trade receivables rose 34% on falling sales and all four segments printed negative EBITDA.

Published 23 April 2026

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AoFrio (AOF)FY20Released 26 February 2021

Revenue down 40% on COVID demand shock; both segments swing to losses

Wellington Drive held a net cash position and kept FCF just positive, but EBITDA fell 72% and the second half was essentially breakeven at the...

Published 22 April 2026

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Millennium & Copthorne Hotels New Zealand (MCK)FY20Released 17 February 2021

Hotel PBT collapsed 94% but residential land gains held NPAT down just 7.5%

A 31-point effective tax rate swing and a Residential Land Development result of $41.8m disguised a 40.4% PBT decline and a devastated hotel book.

Published 21 April 2026

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Savor (SVR)HY21Released 27 November 2020

Revenue halved to NZ$9.9m but EBITDA doubled as losses narrowed 74%

Cash lifted to NZ$3.7m via fresh equity, yet operating cash flow turned negative despite positive EBITDA, raising a cash-conversion flag.

Published 21 April 2026

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Wellington Drive Technologies (AOF)HY20Released 27 August 2020

Revenue down 38.5% reverses maiden profit, but leverage falls to 0.4x

A COVID-driven demand shock pushed both Motors and IoT into losses, even as cash rose and net debt fell sharply from the prior half.

Published 21 April 2026

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AoFrio (AOF)FY19Released 28 February 2020

Wellington Drive posts maiden NPAT of NZ$0.4m as IoT mix lifts margin

PBT swung NZ$1.1m to positive and the group moved to a small net cash position, but H2 NPAT was negative on a first-half-weighted year.

Published 21 April 2026

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Vista Group International (VGL)FY19Released 27 February 2020

Vista's revenue grew 10.5% but EBITDA fell 5% and operating cash almost halved

Top-line growth continued but profit, cash conversion and the net cash buffer all weakened, while the final dividend was held flat at 2.1 cents.

Published 23 April 2026

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