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CHI · NZX

Channel Infrastructure NZ (CHI)

Transport & Infrastructure / Fuel infrastructureCovered: FY21 - FY259 published briefings

Channel Infrastructure NZ is an NZX-listed transport & infrastructure / fuel infrastructure company. Its latest covered result is FY25, with FY21 - FY25 of source-backed result history on Annolyse.

Sections

Latest result

Latest metrics

FY25, released 27 February 2026

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CHI latest metrics
MetricValueChange
Revenue$140.2m↑ +0.3%
EBITDA$93.4m↓ -1.8%
NPAT$11.8m↓ -15.1%
Operating cash flow$74.4m↑ +14.6%
OCF / EBITDA %79.6%Outside range high ocf / ebitda cash conversion. 79.6%; 4-period range -24.6% to 68.2%. OCF / EBITDA cash conversion: 79.6%, above normal range; 4-period mean 33.3%, range -24.6%-68.2%.↑ +11.4pp
Net debt$331.8m↑ +11.2%
Net debt / EBITDA3.55x↑ +13.1%
ROE %1.5%↓ -0.2pp
DPS6.8c↑ +2.3%
Payout ratio vs NPAT %448.3%Outside range high payout ratio versus npat. 448.3%; 3-period range 187.5% to 297.3%. Payout ratio versus NPAT: 448.3%, above normal range; 3-period mean 234.5%, range 187.5%-297.3%.↑ +151.0pp

Source: latest published briefing (FY25, released 27 February 2026). Change compares against the prior equivalent period: FY24, released 27 February 2025.

Valuation

Valuation

Trailing P/E, EV/EBITDA, price-to-book and price-to-free-cash-flow ratios combine the latest available close with filing data. They are comparative measures, not forecasts or recommendations.

Prices as at close, 18 September 2026

Price and market cap

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

Market cap

$1.5b

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

122.91x

i

Recent market cap compared with trailing earnings.

EPS

0.03

i

Recent filing-derived earnings per share.

PEG

Not available

i

Not meaningful without positive comparable earnings growth.

EV/EBITDA

19.09x

i

Enterprise value compared with recent EBITDA.

P/FCF

21.68x

i

Market cap compared with recent free cash flow.

P/B

1.86x

i

Market value compared with latest reported equity.

Income and investment-company measures

Yield and investment-company valuation where supported.

Dividend yield

4.0%

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 values for each observation. Expand the chart to see more detail.

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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P/E over time

Filing-period markers only: EOD close on or before each release date divided by filing-derived trailing NPAT where both inputs verify. Periods with P/E at or above 100x are shown as gaps because earnings yield below 1% makes the multiple denominator-driven, not meaningful. Suppressed periods: HY23, HY25, FY25.

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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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Financial history

Performance over time

The latest period is shown first.

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CHI metric history
MetricFY2512 MONTHS27 February 2026HY256 MONTHS26 August 2025FY2412 MONTHS27 February 2025HY246 MONTHS23 August 2024FY2312 MONTHS29 February 2024HY236 MONTHS23 August 2023FY2212 MONTHS24 February 2023HY226 MONTHS25 August 2022FY2112 MONTHS23 February 2022Trend
Revenue$140.2m$70.2m$139.8m$69.8m$130.7m$64.4m$88.2m$29.8m$231.7m
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Revenue growth %0.3%0.5%7.0%8.4%48.1%Unprecedented high revenue growth. 48.1%; 4-period range -61.9% to 7%. Revenue growth: 48.1%, unprecedented high; 4-period mean -13.9%, range -61.9%-7.0%.115.9%Outside range high revenue growth. 115.9%; 3-period range -74.1% to 8.4%. Revenue growth: 115.9%, above normal range; 3-period mean -21.7%, range -74.1%-8.4%.-61.9%Unprecedented low revenue growth. -61.9%; 4-period range -0.9% to 48.1%. Revenue growth: -61.9%, unprecedented low; 4-period mean 13.6%, range -0.9%-48.1%.-74.1%Outside range low revenue growth. -74.1%; 3-period range 0.5% to 115.9%. Revenue growth: -74.1%, below normal range; 3-period mean 41.6%, range 0.5%-115.9%.-0.9%
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  • FY23 Revenue growth %: Unprecedented high revenue growth. 48.1%; 4-period range -61.9% to 7%. Revenue growth: 48.1%, unprecedented high; 4-period mean -13.9%, range -61.9%-7.0%.
EBITDA$93.4m$48.5m$95.1m$48.1m$87.2m$43.5m$57.5m$19.7m$72.8m
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EBITDA margin %66.6%69.0%Outside range high ebitda margin. 69%; 3-period range 65.9% to 68.9%. EBITDA margin: 69.0%, above normal range; 3-period mean 67.5%, range 65.9%-68.9%.68.0%Outside range high ebitda margin. 68%; 4-period range 31.5% to 66.7%. EBITDA margin: 68.0%, above normal range; 4-period mean 57.5%, range 31.5%-66.7%.68.9%66.7%67.6%65.1%65.9%Outside range low ebitda margin. 65.9%; 3-period range 67.6% to 69%. EBITDA margin: 65.9%, below normal range; 3-period mean 68.5%, range 67.6%-69.0%.31.4%Unprecedented low ebitda margin. 31.5%; 4-period range 65.1% to 68%. EBITDA margin: 31.5%, unprecedented low; 4-period mean 66.6%, range 65.1%-68.0%.
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  • FY24 EBITDA margin %: Outside range high ebitda margin. 68%; 4-period range 31.5% to 66.7%. EBITDA margin: 68.0%, above normal range; 4-period mean 57.5%, range 31.5%-66.7%.
  • HY25 EBITDA margin %: Outside range high ebitda margin. 69%; 3-period range 65.9% to 68.9%. EBITDA margin: 69.0%, above normal range; 3-period mean 67.5%, range 65.9%-68.9%.
PBT$31.9m$18.4m$36.4m$19.7m$34.1m$20.1m$23.1m$7.8m-$765.1m
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PBT growth %-12.4%-6.6%6.7%-2.0%47.6%157.7%———
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NPAT$11.8m$11.6m$13.9m$16.6m$24.1m$11.4m$12m$17.2m-$552.6m
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NPAT growth %-15.1%-30.1%-42.3%45.6%100.8%-33.7%———
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Operating cash flow$74.4m$39.7m$64.9m$36.8m$36.7m$21.3m-$14.1m-$14.8m$34.7m
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OCF / EBITDA %79.6%Outside range high ocf / ebitda cash conversion. 79.6%; 4-period range -24.6% to 68.2%. OCF / EBITDA cash conversion: 79.6%, above normal range; 4-period mean 33.3%, range -24.6%-68.2%.81.9%Outside range high ocf / ebitda cash conversion. 81.9%; 3-period range -75.4% to 76.5%. OCF / EBITDA cash conversion: 81.9%, above normal range; 3-period mean 16.6%, range -75.4%-76.5%.68.2%76.5%42.1%48.8%-24.6%-75.4%47.6%
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  • HY25 OCF / EBITDA %: Outside range high ocf / ebitda cash conversion. 81.9%; 3-period range -75.4% to 76.5%. OCF / EBITDA cash conversion: 81.9%, above normal range; 3-period mean 16.6%, range -75.4%-76.5%.
  • FY25 OCF / EBITDA %: Outside range high ocf / ebitda cash conversion. 79.6%; 4-period range -24.6% to 68.2%. OCF / EBITDA cash conversion: 79.6%, above normal range; 4-period mean 33.3%, range -24.6%-68.2%.
FCF pre-lease$66.9m$19.2m$63.4m$32.7m$61.8m$34m-$73.3m-$33.7m$3.2m
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FCF post-lease$66.9m—$63.4m$32.7m$61.8m$34m——$3.2m
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DPS6.8c6.3c6.6c4.4c7.8c4.2c7.0c—0.0c
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Payout ratio vs NPAT %448.3%Outside range high payout ratio versus npat. 448.3%; 3-period range 187.5% to 297.3%. Payout ratio versus NPAT: 448.3%, above normal range; 3-period mean 234.5%, range 187.5%-297.3%.223.2%Outside range high payout ratio versus npat. 223.2%; 3-period range 0% to 140%. Payout ratio versus NPAT: 223.2%, above normal range; 3-period mean 80.0%, range 0.0%-140.0%.297.3%100.0%187.5%Outside range low payout ratio versus npat. 187.5%; 3-period range 218.8% to 448.3%. Payout ratio versus NPAT: 187.5%, below normal range; 3-period mean 321.5%, range 218.8%-448.3%.140.0%218.8%——
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  • FY23 Payout ratio vs NPAT %: Outside range low payout ratio versus npat. 187.5%; 3-period range 218.8% to 448.3%. Payout ratio versus NPAT: 187.5%, below normal range; 3-period mean 321.5%, range 218.8%-448.3%.
  • HY25 Payout ratio vs NPAT %: Outside range high payout ratio versus npat. 223.2%; 3-period range 0% to 140%. Payout ratio versus NPAT: 223.2%, above normal range; 3-period mean 80.0%, range 0.0%-140.0%.
  • FY25 Payout ratio vs NPAT %: Outside range high payout ratio versus npat. 448.3%; 3-period range 187.5% to 297.3%. Payout ratio versus NPAT: 448.3%, above normal range; 3-period mean 234.5%, range 187.5%-297.3%.
Annual payout ratio vs EPS %448.3%—297.3%—187.5%—218.8%——
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ROE %1.5%1.4%1.7%3.4%4.8%2.2%2.3%3.1%n/m
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Net debt$331.8m$298.7m$298.5m$326.9m$315.8m$295.4m$257.2m$215.3m$183.6m
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Net debt / EBITDA3.55x6.16xOutside range low net debt / ebitda. 6.2x; 3-period range 6.8x to 10.94x. Net debt / EBITDA: 6.20x, below normal range; 3-period mean 8.18x, range 6.80x-10.94x.3.14x6.8x3.62x6.78x4.48xUnprecedented high net debt / ebitda. 4.5x; 4-period range 2.52x to 3.6x. Net debt / EBITDA: 4.50x, unprecedented high; 4-period mean 3.20x, range 2.52x-3.60x.10.94xOutside range high net debt / ebitda. 10.94x; 3-period range 6.2x to 6.8x. Net debt / EBITDA: 10.94x, above normal range; 3-period mean 6.60x, range 6.20x-6.80x.2.52xUnprecedented low net debt / ebitda. 2.52x; 4-period range 3.14x to 4.5x. Net debt / EBITDA: 2.52x, unprecedented low; 4-period mean 3.70x, range 3.14x-4.50x.
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  • HY25 Net debt / EBITDA: Outside range low net debt / ebitda. 6.2x; 3-period range 6.8x to 10.94x. Net debt / EBITDA: 6.20x, below normal range; 3-period mean 8.18x, range 6.80x-10.94x.
Debtor days373835Outside range low debtor days. 35d; 3-period range 37d to 79d. Debtor days: 35.1 days, below normal range; 3-period mean 55.2 days, range 37.3 days-78.7 days.415060Outside range high debtor days. 60d; 3-period range 0d to 41d. Debtor days: 59.7 days, above normal range; 3-period mean 26.2 days, range 0.1 days-41.1 days.79Outside range high debtor days. 79d; 3-period range 35d to 50d. Debtor days: 78.7 days, above normal range; 3-period mean 40.7 days, range 35.1 days-49.7 days.0Outside range low debtor days. 0d; 3-period range 38d to 60d. Debtor days: 0.1 days, below normal range; 3-period mean 46.1 days, range 37.5 days-59.7 days.n/m
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  • FY24 Debtor days: Outside range low debtor days. 35d; 3-period range 37d to 79d. Debtor days: 35.1 days, below normal range; 3-period mean 55.2 days, range 37.3 days-78.7 days.
Inventory days1313Outside range low inventory days. 13d; 3-period range 14d to 32d. Inventory days: 13.4 days, below normal range; 3-period mean 20.5 days, range 14.1 days-31.6 days.141415162132Outside range high inventory days. 32d; 3-period range 13d to 16d. Inventory days: 31.6 days, above normal range; 3-period mean 14.4 days, range 13.4 days-15.7 days.9
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  • HY25 Inventory days: Outside range low inventory days. 13d; 3-period range 14d to 32d. Inventory days: 13.4 days, below normal range; 3-period mean 20.5 days, range 14.1 days-31.6 days.
Total assets$1.4b$1.3b$1.3b$968.4m$973.5m$957.1m$946.9m$1.1b$1.2b
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Reference: annolyse.ai/companies/chi

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.

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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  • FY22 CHI FY: Unprecedented low revenue growth. -61.9%; 4-period range -0.9% to 48.1%. Revenue growth: -61.9%, unprecedented low; 4-period mean 13.6%, range -0.9%-48.1%.
  • FY23 CHI FY: Unprecedented high revenue growth. 48.1%; 4-period range -61.9% to 7%. Revenue growth: 48.1%, unprecedented high; 4-period mean -13.9%, range -61.9%-7.0%.
  • HY22 CHI HY: Outside range low revenue growth. -74.1%; 3-period range 0.5% to 115.9%. Revenue growth: -74.1%, below normal range; 3-period mean 41.6%, range 0.5%-115.9%.
  • HY23 CHI HY: Outside range high revenue growth. 115.9%; 3-period range -74.1% to 8.4%. Revenue growth: 115.9%, above normal range; 3-period mean -21.7%, range -74.1%-8.4%.

EBITDA-equivalent

Company-specific earnings measure where disclosed.

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EBITDA margin

EBITDA-equivalent margin where revenue and earnings are source-backed.

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  • FY21 CHI FY: Unprecedented low ebitda margin. 31.5%; 4-period range 65.1% to 68%. EBITDA margin: 31.5%, unprecedented low; 4-period mean 66.6%, range 65.1%-68.0%.
  • FY24 CHI FY: Outside range high ebitda margin. 68%; 4-period range 31.5% to 66.7%. EBITDA margin: 68.0%, above normal range; 4-period mean 57.5%, range 31.5%-66.7%.
  • HY22 CHI HY: Outside range low ebitda margin. 65.9%; 3-period range 67.6% to 69%. EBITDA margin: 65.9%, below normal range; 3-period mean 68.5%, range 67.6%-69.0%.
  • HY25 CHI HY: Outside range high ebitda margin. 69%; 3-period range 65.9% to 68.9%. EBITDA margin: 69.0%, above normal range; 3-period mean 67.5%, range 65.9%-68.9%.

NPAT

Statutory profit after tax.

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Operating cash flow

Cash generated from operations.

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More financial metrics

Additional filing-backed metrics for this company. Each point links to the relevant published briefing.

OCF / EBITDA

Cash conversion against earnings.

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  • FY25 CHI FY: Outside range high ocf / ebitda cash conversion. 79.6%; 4-period range -24.6% to 68.2%. OCF / EBITDA cash conversion: 79.6%, above normal range; 4-period mean 33.3%, range -24.6%-68.2%.
  • HY25 CHI HY: Outside range high ocf / ebitda cash conversion. 81.9%; 3-period range -75.4% to 76.5%. OCF / EBITDA cash conversion: 81.9%, above normal range; 3-period mean 16.6%, range -75.4%-76.5%.

FCF pre-lease

Operating cash flow less capex before leases.

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FCF post-lease

Free cash flow after lease payments where available.

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ROE

Return on equity.

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Net debt

Borrowings less cash; negative values indicate net cash.

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Net debt / EBITDA

Leverage ratio, suppressed where earnings are not meaningful.

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  • FY21 CHI FY: Unprecedented low net debt / ebitda. 2.52x; 4-period range 3.14x to 4.5x. Net debt / EBITDA: 2.52x, unprecedented low; 4-period mean 3.70x, range 3.14x-4.50x.
  • FY22 CHI FY: Unprecedented high net debt / ebitda. 4.5x; 4-period range 2.52x to 3.6x. Net debt / EBITDA: 4.50x, unprecedented high; 4-period mean 3.20x, range 2.52x-3.60x.
  • HY22 CHI HY: Outside range high net debt / ebitda. 10.94x; 3-period range 6.2x to 6.8x. Net debt / EBITDA: 10.94x, above normal range; 3-period mean 6.60x, range 6.20x-6.80x.
  • HY25 CHI HY: Outside range low net debt / ebitda. 6.2x; 3-period range 6.8x to 10.94x. Net debt / EBITDA: 6.20x, below normal range; 3-period mean 8.18x, range 6.80x-10.94x.

DPS

Dividend per share declared for the period.

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Payout ratio

Dividend payout against statutory NPAT.

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  • FY23 CHI FY: Outside range low payout ratio versus npat. 187.5%; 3-period range 218.8% to 448.3%. Payout ratio versus NPAT: 187.5%, below normal range; 3-period mean 321.5%, range 218.8%-448.3%.
  • FY25 CHI FY: Outside range high payout ratio versus npat. 448.3%; 3-period range 187.5% to 297.3%. Payout ratio versus NPAT: 448.3%, above normal range; 3-period mean 234.5%, range 187.5%-297.3%.
  • HY25 CHI HY: Outside range high payout ratio versus npat. 223.2%; 3-period range 0% to 140%. Payout ratio versus NPAT: 223.2%, above normal range; 3-period mean 80.0%, range 0.0%-140.0%.

Debtor days

Receivables days where the working-capital inputs are source-backed.

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  • FY22 CHI FY: Outside range high debtor days. 79d; 3-period range 35d to 50d. Debtor days: 78.7 days, above normal range; 3-period mean 40.7 days, range 35.1 days-49.7 days.
  • FY24 CHI FY: Outside range low debtor days. 35d; 3-period range 37d to 79d. Debtor days: 35.1 days, below normal range; 3-period mean 55.2 days, range 37.3 days-78.7 days.
  • HY22 CHI HY: Outside range low debtor days. 0d; 3-period range 38d to 60d. Debtor days: 0.1 days, below normal range; 3-period mean 46.1 days, range 37.5 days-59.7 days.
  • HY23 CHI HY: Outside range high debtor days. 60d; 3-period range 0d to 41d. Debtor days: 59.7 days, above normal range; 3-period mean 26.2 days, range 0.1 days-41.1 days.

Inventory days

Inventory days where the working-capital inputs are source-backed.

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  • HY22 CHI HY: Outside range high inventory days. 32d; 3-period range 13d to 16d. Inventory days: 31.6 days, above normal range; 3-period mean 14.4 days, range 13.4 days-15.7 days.
  • HY25 CHI HY: Outside range low inventory days. 13d; 3-period range 14d to 32d. Inventory days: 13.4 days, below normal range; 3-period mean 20.5 days, range 14.1 days-31.6 days.

Operating working-capital movement

Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.

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  • FY21 CHI: Unprecedented low operating working-capital movement. $-12.8m; 4-period range $-4.4m to $0.5m. Operating working-capital movement: NZ$-12.8m, unprecedented low; 1/4 prior periods had builds averaging NZ$0.5m, and 3 had releases averaging NZ$-2.5m.
  • FY25 CHI: Outside range high operating working-capital movement. $0.5m; 4-period range $-12.8m to $-0.8m. Operating working-capital movement: NZ$0.5m, above normal range; 0/4 prior periods had builds, and 4 had releases averaging NZ$-5.1m.

The setup & the reality

HY25 → FY25 Follow-through

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

Historical setup

What HY25 said to watch

Previous analysisHY25Result releasedAnnolyse analysis published

From Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.

No formal FY25 numerical target is provided in the supplied release excerpts. Management does confirm the Z Energy jet storage project has been pulled forward to H2 2026 from Q1 2027, bringing contracted step-up revenue closer, and reiterates that jet fuel demand tracks the company's prior outlook.

The HY24/FY24 shape supplied indicates the first half delivered ~50% of full-year revenue and 50.6% of EBITDA, but 119.6% of full-year NPAT — meaning the prior-year second half was structurally weaker below the EBITDA line. Annualising HY25 implies ~$140m revenue, broadly in line with FY24. Without a stated target, the FY25 read rests on cost discipline rather than visible volume growth, and the implied second-half NPAT shape carries the same below-EBITDA risks that depressed FY24.

Open questions

Open questions from HY25

  • Why was the interim dividend lifted 42% when pre-lease FCF covers only ~74% of the distribution?
  • What drove the $316m equity expansion and the $366m increase in total assets — revaluation, capital action, or another reserves movement?
  • Is the 28.8% effective tax rate the new run-rate, given the prior period's -35.0% benefit?
  • What explains the $5.3m discontinued-operations swing, and is that exposure now closed out?
  • How does management view sustained ~29.1% capex intensity as the Z Energy jet project completes earlier than expected?

This briefing cannot assess the underlying composition of the equity build or the funding plan for future dividends from the supplied disclosures alone.

Latest result sources

Primary issuer documents used for the FY25 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.

Current period

2025 Annual Report

FY25 / financial report

FY25 Investor Presentation

FY25 / results presentation

FY25 Results Announcement

FY25 / results announcement

NZX Results Commentary

FY25 / results release

Prior comparable period

2024 Annual Report

FY24 / financial report

FY24 Results - NZX market release

FY24 / results release

FY24 Results Announcement Notice

FY24 / results announcement

FY24 Results Investor Presentation

FY24 / results presentation

Interim context

HY25 company filing

HY25 / results announcement

HY25 Financial Statements

HY25 / financial report

HY25 Results Investor Presentation

HY25 / results presentation

HY25 Results Market Release

HY25 / results release

Release context

2025 ASM Presentation

HY25 / commentary

Peer context

Other covered Transport & Infrastructure companies

These companies share a broad sector but may not be direct peers. Compare them only where the underlying measures are genuinely comparable.

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Compare CHI, AIA, NPH, SPN →Transport & Infrastructure result archive

Archive

Briefing archive

The full chronological archive contains every published result briefing.

FY25 · Released 27 February 2026

Flat revenue, PBT down 12.4% as cash conversion lifts to 79.6%

Earnings softened on a higher tax charge while operating cash flow strengthened, even as leverage drifted up to 3.55x.

Read briefing

HY25 · Released 26 August 2025

Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.

Headline NPAT fell 30.1% but mostly on tax normalisation and a discontinued-operations swing, while operating EBITDA was essentially flat.

Read briefing

FY24 · Released 27 February 2025

PBT up 6.7%, NPAT down 42.3% on discontinued operation loss

Continuing operations lifted EBITDA 9.1% with cash conversion at 68.2%, while a NZ$12.1m discontinued operation loss masked headline NPAT.

Read briefing

HY24 · Released 23 August 2024

NPAT up 46% but PBT slipped 2% as discontinued operation flatters headline

Continuing operations softened and the effective tax rate jumped to 35.0%, even as EBITDA grew 10.5% on stronger jet fuel throughput.

Read briefing

FY23 · Released 29 February 2024

FCF of $61.8m drove deleveraging to 3.6x and a 12.0c dividend

PBT rose 47.6% while NPAT rose 100.8% on a lower effective tax rate; the 12.0c payout reached 187.5% of NPAT, funded by free cash flow.

Read briefing

HY23 · Released 23 August 2023

PBT up 158% on terminal debut, NPAT down 34% on prior discontinued-ops gain

The headline NPAT decline reflects a NZ$11.6m HY22 discontinued-operations gain; continuing-operations NPAT rose to NZ$14.5m from NZ$5.6m.

Read briefing
Open all 9 result briefings

Related insights

Compare this company

The latest CHI metrics also appear in these cross-company comparisons.

Insight

Earnings quality and statutory distortions

PBT and NPAT growth diverged by 2.7pp, with a distortion flag in the result.

Open insight

Insight

Leverage and balance-sheet risk

Net debt / EBITDA is 3.55x, +0.41x versus the prior comparable period.

Open insight

Insight

Dividend coverage and payout pressure

Dividend payout versus pre-lease FCF is 71.2%, with NPAT payout at 448.3%.

Open insight

Insight

Cash conversion quality

This result converted 79.6% of EBITDA to operating cash flow, +11.4pp versus the prior comparable period.

Open insight

Get notified when CHI publishes

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