Market cap
$49.4m
End-of-day close multiplied by current shares on issue.
BRW · NZX
Bremworth is an NZX-listed consumer / home furnishings company with HY22 - FY26 of published result briefings.
Snapshot
FY26, released 25 February 2026
| Metric | Value | Change |
|---|---|---|
| Revenue | $44.7m | ↓ -49.7% |
| NPAT | -$6.4m | ↓ -135.2% |
| Operating cash flow | -$1.9m | ↓ -112.1% |
| ROE % | -9.8%Outside range low roe. -9.8%; 4-period range -2% to 25.2%. ROE: -9.8%, below normal range; 4-period mean 9.4%, range -2.0%-25.2%. | ↓ -35.0pp |
| PBT | -$6.3m | ↓ -133.9% |
| FCF pre-lease | -$7.3m | ↓ -171.3% |
| Debtor days | 90Unprecedented high debtor days. 90d; 4-period range 47d to 82d. Debtor days: 90.2 days, unprecedented high; 4-period mean 56.2 days, range 46.7 days-81.9 days. | ↑ +88.3% |
| Inventory days | 211 | ↑ +82.4% |
| Total assets | $101.1m | ↓ -6.1% |
Source: latest published briefing (FY26, released 25 February 2026). Change compares against the prior equivalent period: FY25, released 1 September 2025.
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.
The latest close and share count context for the market price.
Market cap
$49.4m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
Not available
Not meaningful when recent earnings are negative.
EPS
-0.09
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not available for this company right now.
P/FCF
Not available
Not meaningful when free cash flow is negative or unavailable.
P/B
0.76x
Market value compared with latest reported equity.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
0.0%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Indexed lines compare direction from the first positive comparable filing point. The axis is an index, not dollars or cents.
Chat
Ask follow-up questions about Bremworth's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | FY2612 MONTHS25 February 2026 | FY2512 MONTHS1 September 2025 | HY256 MONTHS28 February 2025 | FY2412 MONTHS29 August 2024 | HY246 MONTHS29 February 2024 | FY2312 MONTHS1 March 2023 | FY2212 MONTHS30 September 2022 | HY226 MONTHS25 February 2022 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.7m | $88.9m | $42.1m | $80.3m | $39m | $47.2m | $95.5m | $48.7m | Chart |
| Revenue growth % | -49.7%Unprecedented low revenue growth. -49.7%; 4-period range -14.4% to 10.7%. Revenue growth: -49.7%, unprecedented low; 4-period mean -4.3%, range -14.4%-10.7%. | 10.7%Outside range high revenue growth. 10.7%; 4-period range -49.7% to -3.2%. Revenue growth: 10.7%, above normal range; 4-period mean -19.4%, range -49.7%--3.2%. | 8.0% | -10.5% | -20.0% | -3.2% | -14.4% | -19.2% | Chart
|
| EBITDA | — | $18.4m | -$8.1m | $4.4m | -$2m | — | $3.5m | $2.5m | Chart |
| EBITDA margin % | — | 20.7% | -19.2% | 5.5% | -5.0% | — | 3.6% | 5.1% | Chart |
| PBT | -$6.3m | $18.6m | -$8.1m | $4.9m | -$1.6m | -$0.6m | $2.6m | $1.3m | Chart |
| PBT growth % | — | 279.6% | — | -56.6% | — | — | 30.0% | -70.5% | Chart |
| NPAT | -$6.4m | $18.2m | -$8.1m | $4.6m | -$1.7m | -$0.8m | $2.2m | $1m | Chart |
| NPAT growth % | — | 295.7% | — | -58.2% | — | — | 29.4% | -76.7% | Chart |
| Operating cash flow | -$1.9m | $15.7m | -$21.8m | -$27.3m | -$15.8m | -$1.8m | -$2.9m | -$1.4m | Chart |
| OCF / EBITDA % | — | 85.5% | 269.4% | -616.6% | 806.6% | — | -83.9% | -55.2% | Chart |
| FCF pre-lease | -$7.3m | $10.2m | -$25m | -$31.3m | -$17.8m | -$3.5m | -$5.8m | -$3m | Chart |
| FCF post-lease | — | — | — | — | — | — | -$5.8m | — | — |
| ROE % | -9.8%Outside range low roe. -9.8%; 4-period range -2% to 25.2%. ROE: -9.8%, below normal range; 4-period mean 9.4%, range -2.0%-25.2%. | 25.2%Unprecedented high roe. 25.2%; 4-period range -9.8% to 8.5%. ROE: 25.2%, unprecedented high; 4-period mean 0.7%, range -9.8%-8.5%. | -17.6% | 8.5% | -3.4% | -2.0% | 5.9% | 2.7% | Chart
|
| Net debt | — | — | -$7.5m | — | — | — | -$14.9m | — | Chart |
| Net debt / EBITDA | — | — | 0.93x | — | — | — | -4.28x | — | Chart |
| Debtor days | 90Unprecedented high debtor days. 90d; 4-period range 47d to 82d. Debtor days: 90.2 days, unprecedented high; 4-period mean 56.2 days, range 46.7 days-81.9 days. | 48 | 50 | 48 | 51 | 82 | 47Outside range low debtor days. 47d; 4-period range 48d to 90d. Debtor days: 46.7 days, below normal range; 4-period mean 67.1 days, range 47.9 days-90.2 days. | 46 | Chart
|
| Inventory days | 211 | 116 | 154 | 133 | 99 | 225Unprecedented high inventory days. 225d; 4-period range 104d to 211d. Inventory days: 224.6 days, unprecedented high; 4-period mean 141.0 days, range 104.2 days-210.7 days. | 104Outside range low inventory days. 104d; 4-period range 116d to 225d. Inventory days: 104.2 days, below normal range; 4-period mean 171.1 days, range 115.5 days-224.6 days. | 79 | Chart |
| Total assets | $101.1m | $107.6m | $80m | $94.9m | $85m | $77.3m | $78.9m | $75.9m | Chart |
Reference: annolyse.ai/companies/brw
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Leverage ratio, suppressed where earnings are not meaningful.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From NPAT up 295.7% but gross margin collapsed 1,091bps to 13.4%
No FY26 targets, forward-work disclosure, or guidance accompany the release, so the result has to be judged on its own shape. The interim context is striking: HY25 NPAT was -NZ$8.1m, implying second-half NPAT of NZ$26.4m and second-half operating cash flow of NZ$37.5m on second-half revenue of NZ$46.8m. A swing of that magnitude on a 47.4%/52.6% revenue split is not consistent with a normal seasonal pattern and is more readily explained by a discrete second-half event recognised below gross profit.
The prior-year release flagged a "return to dividends by 2026", but the current release shows no declared dividend, leaving the cadence of any resumption unconfirmed.
Open questions
This briefing cannot assess the specific composition of the non-recurring items between gross profit and PBT because the supplied excerpts do not itemise the relevant lines.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY26 · Released 25 February 2026
A 49.7% revenue collapse pushed PBT to -NZ$6.3m and cash to NZ$17.8m, while debtor days blew out 30 days above the historical average.
FY25 · Released 1 September 2025
PBT of NZ$18.6m exceeds gross profit of NZ$11.9m, signalling one-off items rather than core trading drove the headline result.
HY25 · Released 28 February 2025
Revenue rose 8.0% but a deliberate $14.5m woollen yarn pre-build drove a $21.8m operating cash outflow and widened the loss to $8.1m.
FY24 · Released 29 August 2024
FY24 NPAT of $4.6m sits against an insurance-boosted FY23 base, inventory days extended to 133, and cash fell $7.7m to $31.6m.
HY24 · Released 29 February 2024
A 20.0% revenue decline pushed Bremworth to a NZD 1.7m loss while inventory days climbed roughly 20 days, draining cash before a capital injection.
FY23 · Released 1 March 2023
Inventories rose 38% to NZ$29.0m, lifting inventory days to 224.6, while PBT swung to -NZ$0.6m and cash fell 44% to NZ$10.4m.
FY22 · Released 30 September 2022
Bremworth's wool-focused pivot lifted earnings despite a deliberate revenue retreat, but a NZ$7.7m working-capital build turned operating cash flow
HY22 · Released 25 February 2022
Reported NPAT of $1.0m masks a near $19m operating cash reversal driven by a 45.9% jump in receivables and a higher capex spend.
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