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Skellerup records tenth normalised EBIT increase as insurance gain lifts headline
Normalised EBIT rose 14% and normalised NPAT 18%, while a NZ$4.8m pre-tax insurance gain lifted reported EBIT and NPAT.
Published 26 August 2026
Read briefingEBITDA rose 17.5% on a one-off tax credit while losses widened 19.6%
Revenue fell 21.5% as Motors collapsed 50.5%, masking margin gains and leaving net losses deeper despite EBITDA growth.
Published 5 August 2026
Read briefingCash falls to $0.115m as total assets drop below historical range
Revenue fell 77.5% to $0.07m and operating losses widened as RTO's cash shell continues burning capital while it hunts for an acquisition.
Published 20 August 2026
Read briefingWorking capital absorbed $13.0m as debtor and inventory days hit new highs
PBT grew 18.0% and forward work climbed to $177m, but operating cash fell 58% on a working-capital build more than double the historical norm.
Published 17 April 2026
Read briefingNPAT +19.4% on Agri-led growth, FY26 NPAT guidance lifted to $57-62m
Operating leverage and a working-capital release drove record cash flow even as capex nearly doubled and Agri carried the mix shift.
Published 21 April 2026
Read briefingCash fell 54.7% to $0.2m as RTO shell still has no acquisition deal
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
Published 19 May 2026
Read briefingPBT up 58% on margin lift, but receivable days stretched to 79
Materials Handling and Protein margins drove earnings on flat revenue, yet trade debtors absorbed $19.4m as days outstanding lengthened.
Published 20 April 2026
Read briefingCash conversion fell to 70.1% as working capital absorbed $9.0m
Revenue grew 6.9% and PBT 9.7%, but a lower effective tax rate flattered NPAT to +16.2% while inventory build pulled operating cash flow lower.
Published 23 April 2026
Read briefingLoss narrowed 77.6% but operating cash burn widened as H2 deteriorated sharply
Blackwell Global reported a smaller full-year loss, but a severe H2 reversal and deepening cash burn raise questions about near-term survival runway.
Published 19 May 2026
Read briefingRevenue fell 13.6% and PBT 18% but tax rate halved kept NPAT flat
Operating earnings dropped below their historical range while an unusually low tax charge and a smaller working-capital build lifted reported cash.
Published 21 April 2026
Read briefingRecord $24.2m NPAT and 115.4% FCF conversion cut net debt to $20.4m
Earnings expanded on essentially flat revenue, but inventory days rose to 94.5 as working capital absorbed $6.9m of cash.
Published 23 April 2026
Read briefingRTO cleared $0.5m of bond debt while still hunting a reverse takeover
Borrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.
Published 18 May 2026
Read briefingNet debt swung to $20.1m as cash conversion collapsed to 19.8%
Operating cash fell 70.5% to $6.0m on essentially flat EBITDA, turning free cash flow negative and pushing leverage off a near-zero base.
Published 21 April 2026
Read briefingPBT rose 1.0% but a higher tax rate drove NPAT down 7.9%
Underlying profitability held broadly steady while a higher effective tax rate and a swing to net debt reshaped the headline result.
Published 26 August 2026
Read briefingEquity fell 59.7% to $0.2m as RTO Limited burns cash hunting for a deal
A name change to RTO Limited signals intent, but the shell has yet to announce a reverse-takeover target while cash and equity continue to erode.
Published 19 May 2026
Read briefingPBT fell 37.1% on 11.3% revenue growth as working capital absorbed NZ$25.9m
Strong EBITDA and revenue growth were overwhelmed by an unprecedented working-capital build and one-off costs that collapsed pre-tax profit
Published 22 April 2026
Read briefingRevenue +20.6% drives PBT +28.9% as net debt clears and margins expand
Strong full-year cash conversion masks a second-half operating cash outflow as contract assets and inventory built.
Published 22 April 2026
Read briefingPBT grew 4.2% as cash flow jumped 25% on debtor release
NPAT up 6.5% benefited from a lower effective tax rate, while working-capital release rather than margin expansion drove the cash flow improvement.
Published 22 April 2026
Read briefingPBT up 31.1% on margin highs, but working-capital release flatters cash
Margins reached an unprecedented 7.7% but the OCF swing leans on a working-capital release that breaks a three-period pattern of builds.
Published 22 April 2026
Read briefingEBITDA margin fell to 2.2% while working capital absorbed NZ$9.8m
Revenue grew 15.7% to a record NZ$74.3m, but a NZ$9.8m working-capital build—well above the historical average build of NZ$3.2m—turned operating cash
Published 28 April 2026
Read briefingRevenue +10% but PBT flat as inventory build pushed net debt to $39.0m
Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.
Published 22 April 2026
Read briefingRecapitalisation lifts cash to $1.0m and turns equity positive ahead of RTO
The shell carries $1.0m of cash and $0.9m of borrowings after a capitalisation, but operations burned $0.1m of cash with no acquisition target
Published 23 April 2026
Read briefingPBT up 24.2% but cash conversion fell to 26.4% on working-capital build
Continuing operations strengthened, yet operating cash flow fell 53% and a $12.6m discontinued-operation loss wiped headline NPAT to near zero.
Published 22 April 2026
Read briefingCash collapsed 92.6% to $0.1m as $1.4m of borrowings were repaid
Net debt rose from $0.4m to $0.8m despite the debt paydown, leaving the shell with thin liquidity ahead of any reverse takeover.
Published 23 April 2026
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