SkyCity operating cash flow fell 77.8% as conversion dropped to 20.9%
Reported EBITDA rose 56.4% off a depressed prior period, but underlying EBITDA fell 15.9% and free cash flow stayed deeply negative.
Published 23 April 2026
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Showing 145-168 of 704 published briefings.
Reported EBITDA rose 56.4% off a depressed prior period, but underlying EBITDA fell 15.9% and free cash flow stayed deeply negative.
Published 23 April 2026
Read briefingThe 306.7% NPAT rebound reflects the absence of a prior-year below-the-line loss while profit from ordinary activities was unchanged.
Published 23 April 2026
Read briefingRevenue grew 6.9% and PBT 9.7%, but a lower effective tax rate flattered NPAT to +16.2% while inventory build pulled operating cash flow lower.
Published 23 April 2026
Read briefingRevenue grew solidly but a surge in impairments, acquisition-related costs, and a portfolio reset crushed statutory earnings, leaving underlying NPAT
Published 22 April 2026
Read briefingStrong operating gearing and a normalising tax rate lifted earnings, but capex of NZ$1.1bn kept pre-lease FCF at NZ$-615.6m, the lower edge of the
Published 22 April 2026
Read briefing$644m of continuing-operation significant items drove PBT margin to an unprecedented -6.2%, while a balance-sheet recapitalisation cut net debt
Published 20 April 2026
Read briefingA below-normal EBITDAI margin of 28.3% and an unprecedented working-capital build of NZ$504.5m are the dominant reads from FY25.
Published 20 April 2026
Read briefingDry conditions cut renewable generation 10% just as capex jumped 47.6% and net debt/EBITDAF stepped up from 2.2x to 2.8x.
Published 21 April 2026
Read briefingCash generation funds the step-up at 59.7% of pre-lease FCF, but a payout above NPAT shifts how the capital return reads.
Published 23 April 2026
Read briefingInvestment income held above the historical baseline at $1.2m, but portfolio total return fell 86.3% while the benchmark posted a record 50% gain.
Published 22 April 2026
Read briefingReported earnings growth ran well ahead of cash generation as receivables and inventory absorbed NZD 155m of working capital.
Published 22 April 2026
Read briefingRecord investment income of NZ$4.8m was outpaced by NZ$12.3m in distributions, leaving capital gains to fund the gap.
Published 22 April 2026
Read briefingStrong operating earnings growth was not matched by cash generation, with OCF falling 21.2% even as reported profit rose sharply.
Published 20 April 2026
Read briefingRevenue grew 10.6% to NZ$77.0m and operating cash flow more than tripled to NZ$14.1m, but the group remained loss-making at PBT.
Published 23 April 2026
Read briefingHotels revenue grew 15% but a property cooldown and a near-sixfold capex jump pushed MCK from net cash to NZ$13.9m net debt.
Published 22 April 2026
Read briefingRevenue dropped 17.2% in a subdued property market, and the headline NPAT gain reflects a 29.4% tax rate versus 70.2% prior, not improving operations.
Published 22 April 2026
Read briefingThe agri-sector earnings recovery is real at the operating line, but $23.8m of working-capital absorption pushed cash conversion to 22.1% and lifted
Published 20 April 2026
Read briefingOperating cash flow turned positive and the apple segment doubled its result, but gross borrowings reclassified almost entirely to current.
Published 22 April 2026
Read briefingThe operating recovery is real, but every reported segment showed a lower result and working capital built $37.6m against a 10.4% revenue lift.
Published 18 May 2026
Read briefingPacific Edge burned NZ$24.7M in operating cash in FY25, leaving a closing balance of NZ$9.5M that raises immediate questions about runway without a
Published 22 May 2026
Read briefingA 44% revenue collapse drove AFC from a small prior-year profit to a NZ$185k pre-tax loss, with operating cash outflows nearly tripling and equity
Published 18 May 2026
Read briefingReported earnings turned positive despite negligible revenue and a deeper operating cash outflow, leaving the cash story unchanged from prior years.
Published 23 April 2026
Read briefingOperating cash flow fell 76.9% to $2.7m and free cash flow swung NZ$10.2m to -$5.1m, below the historical NZ$0.9m–$5.1m range.
Published 23 April 2026
Read briefingReported NPAT of $1.0m masks sharply weaker cash generation, leaving cash reserves down to $4.8m from $9.6m with no dividend declared this period.
Published 22 April 2026
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