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Analytical briefings for NZX company announcements.

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Showing 625-643 of 643 published briefings.

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

PBT doubled on 10.7% rental growth, but valuation gains did the heavy lifting

Recurring cash earnings look solid, but statutory profit is overwhelmingly driven by investment property revaluations rather than rent growth alone.

Published 22 April 2026

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Infratil (IFT)FY21Released 19 May 2021

Continuing-operations loss of NZ$87.6m reversed a NZ$508.8m prior-year profit

A discontinued-operation gain of NZ$71.6m cushioned the swing, but FY21 NPAT still landed at a NZ$49.2m loss versus a NZ$241.2m profit in FY20.

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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