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NZX result briefings.

The latest published company result briefings, with company and sector filters when you need a narrower view.

Auckland International Airport (AIA)HY22Released 24 February 2022

NPAT up 287% on $132m non-cash gain as EBITDAFI fell 32%

An investment revaluation drove the reported uplift while underlying earnings weakened and capex ramped into unprecedented 23.5x net debt/EBITDA.

Published 22 April 2026

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Spark New Zealand (SPK)HY22Released 23 February 2022

PBT rose 20.7% as margins outpaced 5.2% revenue growth

NPAT growth is unverifiable after prior-period data suppression, though cash conversion rose to 85.1% and leverage eased to 2.55x.

Published 22 April 2026

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The New Zealand Refining Company (CHI)FY21Released 23 February 2022

Transition impairments drove NPAT to -$552.6m despite 44.5% EBITDA lift

Refinery simplification raised EBITDA to $72.8m and cut net debt, but conversion to a fuels import terminal triggered large non-cash charges.

Published 22 April 2026

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New Zealand Rural Land Company (NZL)HY22Released 22 February 2022

NZL deploys cash shell: $61.5m capex funded by $88.5m of new debt

HY21 was pre-operational so the headline growth rates are not informative; the real read is a leveraged rural land portfolio at $1.35 NTA per share.

Published 28 April 2026

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Mercury NZ (MCY)HY22Released 22 February 2022

Mercury's 228.5% NPAT surge hid a 17.7% EBITDAF slide and rising leverage

A record-low 5.1% tax rate flattered profit while EBITDAF fell 17.7% and net debt reached 6.68x EBITDAF.

Published 22 April 2026

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Heartland Group Holdings (HGH)HY22Released 22 February 2022

NPAT +7.7% as lending growth lifts borrowings 32.6%

Underlying earnings progress is modest and clean, but a NZ$449m step-up in borrowings and deeply negative operating cash define the period.

Published 22 April 2026

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Property for Industry (PFI)FY21Released 21 February 2022

Fair value gains of $392.5m drove FY21; FFO rose 14.4%

Revaluation lifted NPAT to $452.8m and NTA to 303.4 cents per share, while cash earnings rose modestly and gearing eased to 27.7%.

Published 22 April 2026

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Millennium & Copthorne Hotels New Zealand (MCK)FY21Released 18 February 2022

PBT up 26.9% but operating cash flow fell 66.3%

A one-off land sale gain lifted hotel PBT and the dividend resumed, but cash conversion fell from 142.5% to 39.9% of EBITDA.

Published 22 April 2026

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CDL Investments New Zealand (CDI)FY21Released 18 February 2022

Operating cash inflow fell 93% to NZ$4.1m as NPAT advanced 4.0%

Residential development cash generation collapsed from NZ$54.8m prior, leaving FY21 reported earnings well ahead of cash conversion.

Published 22 April 2026

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The Colonial Motor Company (CMO)HY22Released 17 February 2022

PBT up 45.6% but operating cash flow swung negative on NZ$39.7m inventory build

Unprecedented revenue and margin strength was offset by working-capital absorption that pushed operating cash flow to -NZ$1.5m.

Published 23 April 2026

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Fletcher Building (FBU)HY22Released 16 February 2022

NPAT up 41.3% but NZ$1.5bn working-capital build cut operating cash 63%

Inventory rebuild and housing investment drove operating cash from NZ$428m to NZ$157m and stretched FCF dividend cover to 862.2%.

Published 22 April 2026

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South Port New Zealand (SPN)HY22Released 8 February 2022

Gross borrowings more than doubled to $25.0m on flat HY22 revenue

Container volumes fell 23% and operating cash flow dropped 11%, while gross borrowings rose $14.0m to fund a 26.1% jump in total assets.

Published 23 April 2026

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Livestock Improvement Corporation (LIC)HY22Released 26 January 2022

NPAT up 52.1% on Automation divestment; continuing operations grew just 6.2%

A $15.2m discontinued-operations gain drove the headline jump, while underlying cash generation strengthened independently with OCF up 102.6%.

Published 29 April 2026

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Australian Foundation Investment Company (AFI)HY22Released 24 January 2022

Investment income up 68.1% restored distribution coverage to 126.2%

Post-COVID dividend recovery lifted income to NZ$161.8m and portfolio return of 6.9% beat the 4.6% benchmark by 2.3 percentage points.

Published 22 April 2026

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AFC Group Holdings (AFC)HY22Released 29 November 2021

AFC HY22: loss widened 42.3% as revenue fell 61.3% to NZ$111k

Operating cash outflow of NZ$71.5k against just NZ$4.6k of cash and NZ$53.4k of borrowings tightens the funding runway materially.

Published 28 April 2026

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Truscreen Group (TRU)HY22Released 29 November 2021

Operating cash burn widened to NZ$1.7m as cash fell to NZ$3.7m

Reported loss narrowed in dollar terms but operating cash outflow grew, drawing cash down 17.8% and total equity 13.4% over the period.

Published 23 April 2026

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Blackwell Global Holdings (RTO)HY22Released 29 November 2021

HY22 is a pre-RTO shell with $1.5m assets and negative equity

Operations are effectively wound down so HY21 comparatives are non-comparable, leaving shareholder value contingent on reverse takeover execution.

Published 23 April 2026

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New Talisman Gold Mines (NTL)HY22Released 29 November 2021

Operating burn widened 40% while cash halved to NZ$0.96m

A junior gold explorer's cash dropped 48.9% year-on-year as half-year operating outflow worsened to NZ$0.5m, sharpening runway pressure.

Published 23 April 2026

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Southern Charter Financial Group (IPR)HY22Released 29 November 2021

Issuer transition strips SNC to a $2.1m acquisition shell

Headline -100.0% revenue and +99.8% loss narrowing reflect corporate change, not operating performance; NZ$44k cash limits acquisition capacity.

Published 23 April 2026

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ikeGPS Group (IKE)FY22Released 29 November 2021

HY22: $5.7m revenue, $6.2m loss, $29.6m cash after equity inflow

Equity lifted 85.9% to $39.9m and capex more than doubled to $1.8m, but the supplied prior comparable is FY21 full year, distorting headline changes.

Published 23 April 2026

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Me Today (MEE)HY22Released 29 November 2021

Honey pivot absorbed $14.7m of working capital and added $13.2m debt

Revenue grew 469.6% on a new honey segment, but inventory days hit 1,658 and operating cash outflow widened to $4.6m.

Published 22 April 2026

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Being AI (BAI)HY22Released 26 November 2021

Being AI: shell-stage HY22 with no revenue, no operations, awaiting RTO

The entity is effectively a corporate shell with $8,000 in cash and negative equity, with management flagging an RTO transaction proposal for early

Published 23 April 2026

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Burger Fuel Group (BFG)HY22Released 26 November 2021

Revenue up 16% but OCF swings to –NZ$0.2m as inventory builds to a record high

Strong system-sales growth failed to translate into cash, with inventory days hitting an unprecedented 13.3 days against a historical mean of 9.7

Published 22 April 2026

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Templeton Emerging Markets Investment Trust Plc (TEM)HY22Released 25 November 2021

TEMIT swings to NZD 191.8m half-year loss on -7.5% portfolio return

Investment income fell 6.3% and emerging-markets capital losses drove the swing, though revenue earnings still cover ~98% of distributions.

Published 23 April 2026

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