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Showing 1-24 of 24 published briefings.

Scott Technology (SCT)HY26Released 15 April 2026

Scott Technology HY26: mix improved, cash conversion did not

Materials Handling carried the half, but a sharp working-capital build left the cash story materially weaker than the earnings story.

Published 17 April 2026

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Skellerup Holdings (SKL)HY26Released 12 February 2026

SKL NPAT up 20% on 11% revenue growth; FY26 guidance raised to $57–62m

A clean, broad-based beat with improved working capital and cash conversion, but capex doubled and annualised NPAT sits near the low end of the...

Published 21 April 2026

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Scott Technology (SCT)FY25Released 21 October 2025

Scott Technology FY25: service revenue grew but the second half carried the year

Revenue was flat, but margin expansion, stronger cash conversion, and a 70/30 NPAT split made mix and H2 timing the real story.

Published 20 April 2026

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Skellerup Holdings (SKL)FY25Released 21 August 2025

Skellerup FY25: record NPAT up 9% but operating cash fell 6% on...

Earnings hit a record and net debt more than halved, but a deliberate inventory and receivables investment flagged the quality caveat.

Published 22 April 2026

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Scott Technology (SCT)HY25Released 16 April 2025

PBT fell 18% on a 13.6% revenue decline, cushioned by a low tax rate

Operating leverage compressed EBITDA by 26.6% on modest revenue loss, but a 12.9% effective tax rate masked the true earnings deterioration at the...

Published 21 April 2026

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Skellerup Holdings (SKL)HY25Released 13 February 2025

NPAT +5.3% on flat revenue as net debt nearly halves to $20.4m

Earnings growth was modest against a near-identical revenue base, but cash generation and deleveraging did most of the heavy lifting this half.

Published 22 April 2026

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Scott Technology (SCT)FY24Released 17 October 2024

PBT collapsed 43% as EBITDA margins compressed on 3.2% revenue growth

Scott Technology grew the top line but rising costs, a surge in borrowings, and cash conversion that fell to 23% of EBITDA signal a business under...

Published 21 April 2026

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Scott Technology (SCT)HY24Released 16 April 2024

Scott flips from net cash to $20.7m net debt as operating cash flow swings...

Revenue and operating EBITDA both grew double-digit, but PBT fell 37% and a HY23 cash inflow reversed into a HY24 outflow even as the interim...

Published 21 April 2026

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Skellerup Holdings (SKL)FY24Released 15 February 2024

HY24 NPAT -6% but operating cash flow surges 81% to record $36.5m

Management still guides FY24 NPAT similar to FY23's $50.9m, implying H2 must deliver a step-up on a softer demand backdrop.

Published 22 April 2026

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Scott Technology (SCT)FY23Released 18 October 2023

Scott PBT up 28.7% on 20.6% revenue growth, balance sheet swings to net cash

The headline 17,051% NPAT jump reflects a FY22 discontinued-operation loss washing out, while H2 operating cash flow actually turned negative.

Published 21 April 2026

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Skellerup Holdings (SKL)FY23Released 17 August 2023

Skellerup FY23: OCF up 25% but PBT growth slowed to 4.2% as topline decelerated

A sharp lift in cash conversion and a lower tax rate flattered a year in which underlying revenue growth nearly halved from the prior period.

Published 21 April 2026

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Scott Technology (SCT)HY23Released 12 April 2023

Scott Technology swings to net cash as operating cash flow flips NZ$34.9m

PBT grew 30.6% on better margins, but a lower tax rate drove most of the 65.1% headline NPAT lift.

Published 21 April 2026

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Skellerup Holdings (SKL)HY23Released 16 February 2023

Revenue up 10% but PBT flat and net debt jumps $13.4m on inventory build

Skellerup's record EBIT headline is offset by a $19.5m inventory lift, higher capex, and a dividend that now exceeds pre-lease free cash flow.

Published 21 April 2026

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RTO (RTO)HY23Released 29 November 2022

Net debt of NZ$1.28bn flipped to net cash, but HY23 still lost NZ$101.2m

Revenue collapsed 92.1% and operating cash flow swung NZ$478.3m into deficit, even as the balance sheet was recapitalised ahead of a flagged...

Published 23 April 2026

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Scott Technology (SCT)FY22Released 18 October 2022

PBT up 24% but NPAT wiped out by $12.6m discontinued-operation loss

Continuing-operations earnings and margins improved, yet operating cash halved and working capital absorbed most of the gain.

Published 21 April 2026

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RTO (RTO)FY22Released 30 May 2022

Revenue collapsed 71% with just NZ$5.5m generated in H2 as book runs off

Losses narrowed modestly to NZ$382.3m but cash fell 92.5% to NZ$148.3m and net debt more than doubled, consistent with a shell heading into a...

Published 23 April 2026

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Scott Technology (SCT)HY22Released 7 April 2022

PBT up 22.6% but NPAT flat as tax rate jumps to 36% and cash flow swings to...

Revenue growth and Australasia margin strength were offset by an inventory-driven working-capital build and a sharp leverage step-up.

Published 21 April 2026

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RTO (RTO)HY22Released 29 November 2021

Equity turns negative as loan book runs off and RTO shell emerges

Loss narrowed 36.9% but revenue fell 63.7%, cash collapsed from NZ$2.3bn to NZ$152.4m, and equity is now negative NZ$76.6m.

Published 23 April 2026

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Scott Technology (SCT)FY21Released 21 October 2021

Scott Technology swings to $9.5m NPAT but operating cash flow falls 31%

FY21 earnings recovered sharply across every segment, yet cash conversion deteriorated and working capital absorbed the earnings uplift.

Published 21 April 2026

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AoFrio (AOF)HY21Released 25 August 2021

Wellington Drive swings to NZ$0.6m profit as revenue rebounds 49%

Both segments returned to operating profit and the balance sheet moved to net cash, but the comparison is flattered by a COVID-depressed HY20 base.

Published 22 April 2026

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Blackwell Global Holdings (RTO)FY21Released 31 May 2021

Revenue collapsed 69% and equity fell 62% despite a narrower loss

A smaller reported loss masks a business that has stopped deploying into new loans, with operating cash down 94% and equity down to NZ$262.8m.

Published 23 April 2026

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AoFrio (AOF)FY20Released 26 February 2021

Revenue down 40% on COVID demand shock; both segments swing to losses

Wellington Drive held a net cash position and kept FCF just positive, but EBITDA fell 72% and the second half was essentially breakeven at the...

Published 22 April 2026

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Wellington Drive Technologies (AOF)HY20Released 27 August 2020

Revenue down 38.5% reverses maiden profit, but leverage falls to 0.4x

A COVID-driven demand shock pushed both Motors and IoT into losses, even as cash rose and net debt fell sharply from the prior half.

Published 21 April 2026

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AoFrio (AOF)FY19Released 28 February 2020

Wellington Drive posts maiden NPAT of NZ$0.4m as IoT mix lifts margin

PBT swung NZ$1.1m to positive and the group moved to a small net cash position, but H2 NPAT was negative on a first-half-weighted year.

Published 21 April 2026

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