Loading
Preparing the next Annolyse view.
Sector archive
Sector archive pages keep the briefing corpus grouped by the broad Annolyse coverage taxonomy instead of one giant client-side filter list.
Archive navigation
Company and sector routes have dedicated HTML, while the archive stays ordered by publication date.
Showing 49-72 of 129 published briefings.
Gross margin expansion and inventory discipline drove a clean operating beat, but a 420bp tax rate increase absorbed most of the earnings leverage.
Published 21 April 2026
Read briefingAll three continuing banners lost operating margin, gross borrowings more than doubled to $159.3m, and capex was cut by two-thirds to protect cash.
Published 23 April 2026
Read briefingOboz's ~-53% EBIT margin is swallowing group earnings while Rip Curl holds the business together; no dividend declared.
Published 21 April 2026
Read briefingA one-off tax distortion masks a modest operating decline; the real pressure is a capex surge that collapsed free cash flow to near zero.
Published 21 April 2026
Read briefingRevenue was flat but PBT fell 51.8% with Australia's segment margin collapsing to 6.8% from 16.2%, and the dividend was cut.
Published 22 April 2026
Read briefingStated recovery from cyclone-related inventory depletion produced a profit but a deep operating cash outflow, partially funded by a larger equity...
Published 22 April 2026
Read briefingA narrowing EBITDA loss masks a structurally weakened balance sheet with equity down 70% and borrowings up 24%.
Published 21 April 2026
Read briefingRevenue was essentially flat at $861.0m, but a capex-heavy investment cycle collided with a $173.5m tax charge that pushed reported NPAT to a...
Published 23 April 2026
Read briefingA $13.3m drag between ordinary-activities profit and NPAT, a 21% inventory build and an 81% jump in borrowings overwhelm the 1.6% top-line gain.
Published 22 April 2026
Read briefingHeadline earnings growth was modest, but operating cash flow surging to 109% of EBITDA and a $931m net cash position raise questions about capital...
Published 21 April 2026
Read briefingTop-line growth and a capex cut lifted free cash flow, but PBT fell 85%, net debt more than doubled, and the final dividend was cut 90%.
Published 22 April 2026
Read briefingOperating performance and cash generation strengthened materially, yet a prior-year tax credit unwinding into a large current charge masks the...
Published 22 April 2026
Read briefingContinuing-operations revenue rose 19% and operating cash flow swung positive, but a NZ$6.8m gap between EBITDA and NPAT pushed net assets into...
Published 23 April 2026
Read briefingStrongest profit since 2007 listing is real, but operating cash flow fell 5% even as EBITDA rose 9.5%, and the result remains a single-country story.
Published 22 April 2026
Read briefingHeadline swing to profit is tax-driven and cash conversion weakened, even as capex cuts and debt reduction materially strengthened the balance sheet.
Published 23 April 2026
Read briefingMargin recovery from supplier relationships couldn't offset flat top-line, leaving earnings growth minimal and the H2 seasonally weak half still...
Published 21 April 2026
Read briefingKathmandu swung to a segment loss and wholesale destocking hit Rip Curl and Oboz, erasing any profit at the group level while dividend was suspended.
Published 21 April 2026
Read briefingRevenue edged to a new high, but gross-margin compression absorbed the growth even as cash generation and inventory discipline stayed strong.
Published 20 April 2026
Read briefingA 20% revenue decline and sharply weaker cash conversion were masked by an equity-funded balance sheet, with no current-period EBITDA disclosed.
Published 22 April 2026
Read briefingEBITDA losses narrowed sharply but a PBT loss of NZ$7.3m and zero cash leave the balance sheet dependent on a proposed capital raise to survive.
Published 21 April 2026
Read briefingTop-line held at NZ$362.7m but every geography lost margin, corporate drag widened, and the interim dividend was more than halved.
Published 22 April 2026
Read briefingOperating EBITDA was flat, but higher interest and a US margin collapse drove NPAT lower while borrowings and working capital absorbed cash.
Published 22 April 2026
Read briefingAuckland margins expanded sharply, but Adelaide's reversal, a 45% fall in operating cash flow and rising leverage dominate the read.
Published 23 April 2026
Read briefingA NZ$10.0m PBT reversal alongside NZ$143.4m of inventory and NZ$98.7m of borrowings leaves earnings and balance-sheet direction working against...
Published 22 April 2026
Read briefingEmail updates
Get full analytical briefings by email as new coverage is published.