Fletcher PBT swung to a NZ$138m loss on a 0.8% revenue dip
Significant items including a NZ$122m Tradelink write-down masked NZ$455m of underlying EBITDA, but leverage rose to 4.3x and the interim dividend
Published 22 April 2026
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Showing 25-47 of 47 published briefings.
Significant items including a NZ$122m Tradelink write-down masked NZ$455m of underlying EBITDA, but leverage rose to 4.3x and the interim dividend
Published 22 April 2026
Read briefingAn effectively dormant shell burned through its remaining NZ$0.7m of cash while the operating loss more than tripled to NZ$0.5m.
Published 23 April 2026
Read briefingMargin recovery and a NZ$9.6m working-capital release drove record cash conversion, but below-the-line charges pushed PBT deeply negative against a
Published 22 April 2026
Read briefingOperating cash flow swung to $98.3m on working-capital normalisation, but EBITDA fell 22.1% pointing to a reset earnings base.
Published 22 April 2026
Read briefingEBITDA rose 4.5% but a $949m working-capital build turned free cash flow negative and pushed dividends above reported earnings.
Published 22 April 2026
Read briefingThe equity drawdown far exceeded the NZ$1.2m NPAT loss, pointing to balance-sheet movements that trading performance alone cannot explain.
Published 23 April 2026
Read briefingThe 99.8% PBT "improvement" reflects a completed transition out of a $2.0bn-asset predecessor, not operating progress in the new entity.
Published 23 April 2026
Read briefingAGG's NZ$6.4m profit milestone was eclipsed by a New Zealand segment swing and a 56.9% drop in operating cash flow.
Published 22 April 2026
Read briefingRevenue grew 5.4% and EBITDA margin reached 12.6%, but operating cash flow swung to -$203m and gross borrowings nearly doubled to $1.7bn.
Published 22 April 2026
Read briefingTotal assets fell to NZ$11.0m at the lower edge of the historical range ahead of a planned January rights issue.
Published 23 April 2026
Read briefingInterest income up 150% from a tiny base sets an unprecedented growth rate, but Southern Charter remains pre-revenue after the issuer transition.
Published 23 April 2026
Read briefingOperating cash flow fell 82% and debtor days hit an unprecedented 56.4 even as Metroglass reported its first revenue acceleration in years.
Published 22 April 2026
Read briefingStrong reported earnings collide with a $1.5bn net debt step-up and a full-year dividend not covered by free cash flow.
Published 22 April 2026
Read briefingOperating cash outflow of NZ$0.9m on revenue of NZ$1,191 leaves the explorer reliant on future capital raises to fund continuing exploration losses.
Published 23 April 2026
Read briefingTotal assets fell from NZ$2,154.5m to NZ$2.0m through an issuer transition, leaving zero revenue and only NZ$22k of cash.
Published 23 April 2026
Read briefingA NZ$10.0m working-capital build and capex up 79.5% cut operating cash flow from NZ$30.4m to NZ$13.3m, with leverage drifting back up.
Published 22 April 2026
Read briefingInventory 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
Read briefingA 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
Read briefingHeadline -100.0% revenue and +99.8% loss narrowing reflect corporate change, not operating performance; NZ$44k cash limits acquisition capacity.
Published 23 April 2026
Read briefingCOVID restrictions and shipping disruption gutted New Zealand profitability while a tripling in capex compressed free cash flow to NZ$2.6m.
Published 22 April 2026
Read briefingRevenue rose 11.1% and operating cash flow more than doubled to NZ$889m, funding a sharp deleveraging and a restored 30cps full-year dividend.
Published 22 April 2026
Read briefingOperating cash burn improved, but the junior gold explorer ends FY21 with materially less liquidity to fund permit-area work.
Published 23 April 2026
Read briefingAn issuer transition from SNC and an unresolved acquisition search leave the read as a pre-deployment cash vehicle, not an operating result.
Published 23 April 2026
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