PBT fell 41.9% as Services revenue dropped 18% and every segment margin...
Group revenue was only 3.8% softer, but a materially weaker H2 and rising leverage drove a dividend cut and a sharp decline in returns.
Published 22 April 2026
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Showing 193-216 of 622 published briefings.
Group revenue was only 3.8% softer, but a materially weaker H2 and rising leverage drove a dividend cut and a sharp decline in returns.
Published 22 April 2026
Read briefingModest portfolio-income growth and an unchanged A$10m debt stack leave AFI more net-cash, but cash conversion eased versus the prior half.
Published 22 April 2026
Read briefingA $0.2m shareholder-litigation defence and a sharp drop in cash conversion dragged both earnings and the cash buffer despite broadly flat revenue.
Published 22 April 2026
Read briefingA clean rebound from FY23's weather-event drag, but total revenue fell 22% and the underlying-to-reported bridge is not fully disclosed.
Published 22 April 2026
Read briefingCash conversion fell to 37% of EBITDA and net debt rose, raising questions about whether the balance sheet can hold through a weak second half.
Published 22 April 2026
Read briefingEBIT grew 7.8% and net debt more than halved, but bottom-line growth was near-zero and segment mix is doing the heavy lifting.
Published 22 April 2026
Read briefingRevenue growth of 18.4% converted to a net cash balance sheet as capex normalised from $275.5m to $55.1m.
Published 22 April 2026
Read briefingLoss narrowed only marginally while cash burn of NZ$13.0m continues against a net cash buffer of NZ$21.6m.
Published 22 April 2026
Read briefingTop-line momentum and a 32.7% lift in operating cash flow sit against flat earnings, a 5% NPAT decline, and no dividend.
Published 22 April 2026
Read briefingThe HY25 result hinges on a pending 35 Graham Street settlement to repay all debt and fund a special dividend, not on current cash generation.
Published 22 April 2026
Read briefingHY25 PBT turned positive by NZ$0.9m versus HY24, yet cash conversion remained near zero and the closing cash balance fell NZ$0.4m year on year.
Published 21 April 2026
Read briefingPBT rose 68% on lower interest costs while revenue and EBITDA were nearly flat, and cash on hand collapsed to NZ$0.1m.
Published 23 April 2026
Read briefingA $79.7m PBT swing on just $8.7m of revenue growth points to non-cash drivers, while cash conversion, leverage and distributions all moved the...
Published 21 April 2026
Read briefingRevenue was essentially flat and headline EBITDA ticked up, but statutory earnings collapsed and Care Operations swung into a segment loss.
Published 22 April 2026
Read briefingRevenue grew 39% to $10.8m and PBT outpaced NPAT on a higher tax rate, while a maiden 0.55c interim absorbs almost all of the half's earnings.
Published 22 April 2026
Read briefingA recapitalised balance sheet has funded the spend, but the half delivered no revenue against an FY24 base that was almost entirely second-half.
Published 23 April 2026
Read briefingA second consecutive year of first-half revenue decline is being offset by margin, cash and debt repair, with a 0.65 cps interim dividend now...
Published 22 April 2026
Read briefingA $58.7m income swing flipped the result positive, but operating cash fell 32.3% and the cash balance is down to $1.5m.
Published 22 April 2026
Read briefingHeadline profit recovery is driven by property revaluations, not underlying income, with pre-lease free cash flow down roughly half and the...
Published 22 April 2026
Read briefingUnderlying NPAT of NZ$20.7m nearly doubles, yet sits NZ$4.1m below reported NPAT, leaving the durability of the headline figure open to question.
Published 22 April 2026
Read briefingUnderlying segment trading weakened, cash conversion halved and capex outpaced operating cash flow, yet the balance sheet strengthened materially.
Published 21 April 2026
Read briefingRental-led operating recovery lifts GNZ from a $163.2m prior-period loss, yet borrowings climb $108.6m and the 1.625cps distribution sits at 181%...
Published 22 April 2026
Read briefingTop-line recovery and higher EBITDA were more than offset below the line, while cash fell NZ$86.6m and receivable days stretched.
Published 21 April 2026
Read briefingCapital account reversal drives the headline swing, but the durable dividend-funding revenue stream also stepped up materially.
Published 21 April 2026
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