Open archive
Clear filters
Showing 193-216 of 756 published briefings.
NZX results archive
NZX company results and financial reports.
Read what changed in the latest company results, compare equivalent periods, and open issuer-labelled annual reports and other source documents where available.
SkyCity Entertainment Group (SKC)FY25Released 21 August 2025
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
Read briefingThe Colonial Motor Company (CMO)FY25Released 21 August 2025
Headline NPAT tripled on base effect; underlying earnings flat as revenue
The 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 briefingSkellerup Holdings (SKL)FY25Released 21 August 2025
Cash conversion fell to 70.1% as working capital absorbed $9.0m
Revenue 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 briefingHeartland Group Holdings (HGH)FY25Released 21 August 2025
PBT collapsed 45.3% as one-offs and provisions swamped 11.1% revenue growth
Revenue 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 briefingAuckland International Airport (AIA)FY25Released 21 August 2025
PBT up 61.4% on operating leverage; capex still 108.5% of revenue
Strong 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 briefingFletcher Building (FBU)FY25Released 20 August 2025
PBT swung to -$432m on $702m of significant items as net debt fell to $999m
$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 briefingSpark New Zealand (SPK)FY25Released 20 August 2025
Profit before tax fell 32.5% as a lower tax rate cushioned NPAT to -17.7%
Working-capital absorption reached an unprecedented level even as leverage and payout ratios moved outside Spark's historical range.
Published 20 April 2026
Read briefingMercury NZ (MCY)FY25Released 19 August 2025
FY25 EBITDAF fell 10.4% to $786m, missing $820m HY25 guidance
Dry 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 briefingFreightways Group (FRW)FY25Released 18 August 2025
NPAT up 12.9% but dividend lifts to 107.8% of earnings
Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.
Published 23 April 2026
Read briefingMarlin Global (MLN)FY25Released 18 August 2025
Portfolio return of $5.9m lagged an unprecedented 50% benchmark
Investment 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 briefingContact Energy (CEN)FY25Released 18 August 2025
NPAT rose 40.9% but cash conversion fell to 62.4% on working capital build
Reported earnings growth ran well ahead of cash generation as receivables and inventory absorbed NZD 155m of working capital.
Published 22 April 2026
Read briefingBarramundi (BRM)FY25Released 18 August 2025
NPAT fell 71.9% as portfolio gains cooled; coverage dropped to 39.4%
Record 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 briefingThe a2 Milk Company (ATM)FY25Released 18 August 2025
ATM FY25: Revenue +13.5% and NPAT +21.1% but cash conversion fell to 73.4%
Strong 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 briefingVista Group International (VGL)HY25Released 14 August 2025
Vista Group EBITDA jumps 38.9% as cloud demand outruns delivery capacity
Revenue 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 briefingMillennium & Copthorne Hotels New Zealand (MCK)HY25Released 12 August 2025
Refurbishment capex of NZ$44.0m drove pre-lease FCF to -NZ$39.6m
Hotels 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 briefingCDL Investments New Zealand (CDI)HY25Released 12 August 2025
PBT fell 44.6% as tax normalisation flattered NPAT to +33.3%
Revenue 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 briefingPGG Wrightson (PGW)FY25Released 12 August 2025
EBITDA up 27% but operating cash fell 79% on working-capital build
The 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 briefingT&G Global Limited and subsidiary companies (TGG)HY25Released 8 August 2025
PBT swung to $2.3m profit on Apples-led 12.3% revenue growth
Operating cash flow turned positive and the apple segment doubled its result, but gross borrowings reclassified almost entirely to current.
Published 22 April 2026
Read briefingLivestock Improvement Corporation (LIC)FY25Released 18 July 2025
LIC PBT up 192% to $40.3m as tax rate normalises from 43.9% to 23.9%
The 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 (PEB)FY25Released 30 May 2025
Cash falls 67.6% to NZ$9.5M as revenue drops 8.6% on Medicare uncertainty
Pacific 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 briefingAFC Group Holdings (AFC)FY25Released 30 May 2025
Revenue halved to NZ$741k as AFC swung to a NZ$185k pre-tax loss
A 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 briefingNew Talisman Gold Mines (NTL)FY25Released 30 May 2025
NPAT swung to NZ$4.0m profit while operating cash burn widened to NZ$1.5m
Reported 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 briefingArborGen Holdings (ARB)FY25Released 30 May 2025
Adjusted EBITDA of $11.2m masked a $21.5m statutory loss
Operating 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 briefingBurger Fuel Group (BFG)FY25Released 30 May 2025
FCF collapsed from $2.4m to $0.3m as capex tripled and OCF fell 43%
Reported 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
Read briefingGet reporting-season briefings
Get full NZX result briefings by email as new coverage is published.