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BAI · NZX

Being AI (BAI)

Technology / AI and digital infrastructure•Covered: HY22 - HY24•3 published briefings

Being AI is an NZX-listed technology / ai and digital infrastructure company with HY22 - HY24 of published result briefings.

Latest briefing

HY24 · Released 28 November 2023

Being AI inherits $3,000 cash and shareholder dependence post-transition

The 99.9% narrowing of losses reflects the absence of prior-period write-downs, not operating progress, with no revenue and negative equity.

Market data

As at close
Close price
NZD 0.02
Market cap
$3.5m
Dividend yield
0%

as at close, 11 June 2026. Source: yfinance.

Sections⌄
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights
  1. Snapshot
  2. Valuation
  3. Chat
  4. Longitudinal View
  5. Follow-through
  6. Archive
  7. Related Insights

Snapshot

Latest metrics

HY24, released 28 November 2023

← Swipe to view more
BAI latest metrics
MetricValueChange
Revenue$0m—
Operating profit-$0.08m—
NPAT-$0.1m— Flat
Operating cash flow-$0.06m↓ -5.1%
OCF / Operating profit %73.8%—
ROE %12.2%↓ -1.7pp
PBT-$0.1m— Flat

Source: latest published briefing (HY24, released 28 November 2023). Change compares against the prior equivalent period: HY23, released 28 November 2022.

Valuation

Valuation

A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.

Prices as at close, 11 June 2026

Price and market cap

The latest close and share count context for the market price.

Market cap

$3.5m

i

End-of-day close multiplied by current shares on issue.

Profitability multiples

How the market price compares with recent earnings and cash-flow inputs.

P/E

Not available

i

Not available for this company right now.

EPS

Not available

i

Not available for this company right now.

PEG

Not available

i

Not available for this company right now.

EV/EBITDA

Not available

i

Not available for this company right now.

P/FCF

Not available

i

Not available for this company right now.

P/B

Not available

i

Not available for this company right now.

Income and fund shape

Yield and fund-style valuation where the company shape supports it.

Dividend yield

0.0%

i

Trailing dividends compared with the latest close.

Total return

Not available

i

Available once dividend and adjustment data are verified.

Price history

Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.

Share price

Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.

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Chat

Ask about BAI

Ask follow-up questions about Being AI's latest result and company history.

Informational only. No buy, sell, hold, price-target, or personal financial advice.

Ask about BAI

Informational only. No buy, sell, hold, price-target, or personal financial advice.

Sign in to chat

Sign in to ask company questions.

What changed in the latest result?What is unusual in the historical context?How has cash conversion changed over time?Compare this company with CNU.

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Longitudinal view

Performance over time

The latest period is shown first.

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BAI metric history
MetricHY246 MONTHS28 November 2023HY236 MONTHS28 November 2022HY226 MONTHS26 November 2021Trend
Revenue$0m$0m$0m
Chart
Revenue growth %-100.0%——
—
Operating profit-$0.08m——
—
PBT-$0.1m-$0.1m-$0.1m
Chart
NPAT-$0.1m-$0.1m-$0.1m
Chart
Operating cash flow-$0.06m-$0.06m-$0.06m
Chart
OCF / Operating profit %73.8%——
—
ROE %12.2%13.9%18.3%
Chart
Net debt—$0.46m$0.37m
Chart
Total assets——$0.04m
—

Reference: annolyse.ai/companies/bai

Filing-only history charts

These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.

Revenue

Reported revenue across covered periods.

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Revenue growth

Like-period revenue growth where comparable.

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EBITDA-equivalent

Company-specific earnings measure where disclosed.

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NPAT

Statutory profit after tax.

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Operating cash flow

Cash generated from operations.

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OCF / EBITDA

Cash conversion against earnings.

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Full chartable metric set

Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.

ROE

Return on equity.

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Net debt

Borrowings less cash; negative values indicate net cash.

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The setup & the reality

HY23 → HY24 Follow-through

The latest result is checked against what the prior briefing said to watch.

Current result now available

HY24 · Released 28 November 2023

Being AI inherits $3,000 cash and shareholder dependence post-transition

The 99.9% narrowing of losses reflects the absence of prior-period write-downs, not operating progress, with no revenue and negative equity.

Read latest briefing→

Historical setup

What HY23 said to watch

From Cash depleted to NZD 0.005m as ACE shell awaits Being AI RTO

No revenue, EBITDA, or earnings targets have been supplied, and there is no second-half shape context to anchor against. The only forward statement in the release is the intention to put an RTO transaction proposal to shareholders during the first half of the 2023 calendar year.

What the release supports is that the existing entity has been wound down to a near-shell state with related-party funding bridging it to a transaction. What the release does not support is any view on the target asset's revenue, margins, or capital requirements. The gap matters because the share-price reference value is now entirely a function of the RTO terms, which are not yet on the table.

Open questions

Open questions from HY23

  • What are the indicative terms of the RTO transaction, including the target asset, consideration structure, and post-deal share count?
  • How is the related-party funding line (NZD 0.467m of unsecured advances) priced, dated, and conditioned, and is it committed through to RTO completion?
  • Why did total equity move from a NZD 547.5m deficit to a NZD 0.7m deficit, and is any portion of that reset reversible if the RTO does not proceed?
  • What happens to the listing and shareholder register if the 1H 2023 RTO timeline slips?
  • Are there any contingent liabilities, tax positions, or legacy claims that would survive into the Being AI vehicle post-transaction?

This briefing cannot assess the economics of the prospective RTO target because no information about the incoming business, its revenue, or its capital structure has been disclosed in this release.

Archive

Briefing archive

Every published Annolyse briefing for this company appears here in reverse chronological order.

HY24 · Released 28 November 2023

Being AI inherits $3,000 cash and shareholder dependence post-transition

The 99.9% narrowing of losses reflects the absence of prior-period write-downs, not operating progress, with no revenue and negative equity.

Read briefing→

HY23 · Released 28 November 2022

Cash depleted to NZD 0.005m as ACE shell awaits Being AI RTO

With no operating revenue and equity deficit reset from NZD 547.5m to NZD 0.7m, viability now hinges on the pending reverse takeover.

Read briefing→

HY22 · Released 26 November 2021

Being AI: shell-stage HY22 with no revenue, no operations, awaiting RTO

The entity is effectively a corporate shell with $8,000 in cash and negative equity, with management flagging an RTO transaction proposal for early

Read briefing→

Related insights

Compare this company

The latest BAI metrics also appear in these cross-company views.

Insight

Earnings quality and statutory distortions

PBT and NPAT growth diverged by 0.0pp.

Open insight→

Get notified when BAI publishes

Get the next Being AI result briefing and five-year history updates by email.