Sector archive
Browse recent results from companies in the same sector.
Showing 1-24 of 81 published briefings.
Aged-care consolidation lifted earnings and revenue mix, but a halved dividend and weaker cash conversion signal a clear reinvestment pivot.
Published 29 May 2026
Read briefingA 140bps gross margin lift is real, but a $1.0m receivables build and ongoing $2.5m operating cash burn keep the runway question open.
Published 29 May 2026
Read briefingThe earnings step-up was concentrated in the smaller Medical services segment while operating cash flow grew only 3.7% and free cash flow fell.
Published 29 May 2026
Read briefingUnderlying EBITDA rose 10% to $133m but operating cash inflows dropped $53m year-on-year, creating a material gap between reported earnings
Published 3 June 2026
Read briefingFull-year Cromwell consolidation and a sharp H2 earnings swing lift reported NPAT while net debt/EBITDAF falls from 11.1x to 5.8x.
Published 28 May 2026
Read briefingOperating momentum is real but Ryman remains loss-making at the PBT line, and the FCF swing is partly capex-driven rather than purely earnings-led.
Published 26 May 2026
Read briefingOperating cash flow rose to NZ$663.2m and cash built to NZ$461.1m, but capex hit 8.5% of revenue and FCF/NPAT fell to 95.3%.
Published 26 May 2026
Read briefingA NZ$1.8m working-capital build—versus a historical average release of NZ$0.2m—consumed all reported profit and then some, turning free cash flow
Published 21 May 2026
Read briefingUnderlying earnings ran above the historical baseline, but H2 NPAT roughly halved versus H1 as growth-strategy capex stepped up to NZ$16.1m.
Published 19 May 2026
Read briefingA 4.5x step-up in debt funded most of the cash uplift while total assets sit below the supplied historical range.
Published 22 May 2026
Read briefingIFRS earnings dropped on lower investment property fair-value uplifts, masking a 26% jump in unit settlements and 23.7% rise in operating cash flow.
Published 21 April 2026
Read briefingRevenue grew 13.0% and FY26 EBITDA guidance was reaffirmed, but operating cash flow fell to $46.6m and the dividend was not covered by free cash flow.
Published 21 April 2026
Read briefingWorking capital absorption and a near-tripling of capex weakened cash conversion even as reported earnings grew above the historical range.
Published 22 April 2026
Read briefingOperating EBITDA was nearly flat but operating cash flow fell 44% and gross borrowings rose 34% to $1.0bn against a subdued property market.
Published 21 April 2026
Read briefingA $1.4m working-capital absorption pushed HY26 operating cash flow to -$0.5m, contradicting the $0.5m EBITDA and PBT-doubling headline.
Published 22 April 2026
Read briefingMaiden NZ$56.2m FCF and the balance sheet reset frame the upside, but a NZ$152.7m receivables release flatters the cash result.
Published 21 April 2026
Read briefingOperating leverage pushed margins above the recent historical range even as FCF conversion eased from 110.6% to 81.3% of NPAT.
Published 21 April 2026
Read briefingPacific Edge's HY26 operating loss widened to NZ$19.1M after Medicare coverage was withdrawn, with just NZ$15.1M cash remaining to fund an ongoing
Published 18 May 2026
Read briefingEBITDA rose 7.4% on flat revenue and PBT turned positive at $1.0m, but a doubled investment cycle kept free cash flow at -$8.4m.
Published 21 April 2026
Read briefingA lower effective tax rate flattered NPAT, but EBITDA +41% and leverage cut to 4.3x point to genuine operating gains.
Published 23 April 2026
Read briefingStrong commercial momentum cut the loss before tax by 74.8%, yet cash fell to NZD 0.2m and operating outflows persist, making runway the central
Published 19 May 2026
Read briefingOCF rose 19.3% to $228.7m and gross borrowings grew 21.3% to $1.87b as $311.6m of development capex left free cash flow at -$17.7m.
Published 23 April 2026
Read briefingReported revenue and earnings fell sharply against a non-comparable prior period, but cash generation and leverage strengthened materially.
Published 22 April 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
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