Market cap
$464.2m
End-of-day close multiplied by current shares on issue.
DGL · NZX
Delegat Group (DGL)
Consumer / Wine and beveragesCovered: HY24 - FY266 published briefings
Delegat Group is an NZX-listed consumer / wine and beverages company. Its latest covered result is FY26, with HY24 - FY26 of source-backed result history on Annolyse.
Sections
Latest result
Latest metrics
FY26, released 28 August 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $364.1m | ↑ +4.2% |
| EBITDA | $134.5m | ↑ +15.5% |
| NPAT | $39.5m | ↓ -19.4% |
| Operating cash flow | $110.5m | ↑ +4.5% |
| OCF / EBITDA % | 82.1% | ↓ -8.6pp |
| Net debt | $276.8m | ↓ -15.8% |
| Net debt / EBITDA | 2.06x | ↓ -27.0% |
| ROE % | 6.5% | ↓ -1.9pp |
| DPS | 22.0c | ↑ +10.0% |
| Payout ratio vs NPAT % | 56.4% | ↑ +15.1pp |
Source: latest published briefing (FY26, released 28 August 2026). Change compares against the prior equivalent period: FY25, released 3 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, 4 September 2026
Price and market cap
The latest close and share count context for the market price.
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Profitability multiples
How the market price compares with recent earnings and cash-flow inputs.
P/E
11.75x
Recent market cap compared with trailing earnings.
EPS
0.39
Recent filing-derived earnings per share.
PEG
Not available
Not meaningful without positive comparable earnings growth.
EV/EBITDA
5.51x
Enterprise value compared with recent EBITDA.
P/FCF
5.17x
Market cap compared with recent free cash flow.
P/B
0.76x
Market value compared with latest reported equity.
Income and investment-company measures
Yield and investment-company valuation where supported.
Dividend yield
4.4%
Trailing dividends compared with the latest close.
Total return
Not available
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.
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Chat
Ask about DGL
Ask follow-up questions about Delegat Group's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about DGL
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Financial history
Performance over time
The latest period is shown first.
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| Metric | FY2612 MONTHS28 August 2026 | HY266 MONTHS27 February 2026 | HY256 MONTHS28 February 2025 | FY2512 MONTHS3 February 2025 | FY2412 MONTHS7 August 2024 | HY246 MONTHS23 February 2024 | Trend |
|---|---|---|---|---|---|---|---|
| Revenue | $364.1m | $179.6m | $178.6m | $349.6m | $378.3m | $203.1m | Chart |
| Revenue growth % | 4.2% | 0.5% | -12.0% | -7.6% | -0.8% | -2.9% | Chart |
| EBITDA | $134.5m | $65.6m | $61.6m | $116.5m | $128.5m | $74.8m | Chart |
| EBITDA margin % | 36.9% | 36.5% | 34.5% | 33.3% | 34.0% | 36.8% | Chart |
| PBT | $55.3m | $32.2m | $17.4m | $68.4m | $61.6m | $46.4m | Chart |
| PBT growth % | -19.2% | 85.1% | -62.5% | 11.0% | -31.4% | -17.1% | Chart |
| NPAT | $39.5m | $22.8m | $12.5m | $49m | $31.4m | $33.4m | Chart |
| NPAT growth % | -19.4% | 82.4% | -62.6% | 56.1% | -51.5% | -17.9% | Chart |
| Operating cash flow | $110.5m | $62.3m | $75.6m | $105.7m | $56.9m | $35.8m | Chart |
| OCF / EBITDA % | 82.1% | 95.0% | 122.6% | 90.7% | 44.2% | 47.8% | Chart |
| FCF pre-lease | $89.7m | $51.8m | $38.2m | $59.3m | -$9.1m | -$9.1m | Chart |
| FCF post-lease | — | — | — | — | — | -$9.1m | — |
| DPS | 22.0c | 579.0c | 539.0c | 20.0c | 20.0c | — | Chart |
| Payout ratio vs NPAT % | 56.4% | — | — | 41.3% | 64.5% | — | Chart |
| Annual payout ratio vs EPS % | 56.4% | — | — | 41.2% | 64.5% | — | Chart |
| ROE % | 6.5% | 3.9% | 2.3% | 8.4% | 5.6% | 6.0% | Chart |
| Net debt | $276.8m | $307m | $345.6m | $328.6m | $360.1m | $352.3m | Chart |
| Net debt / EBITDA | 2.06x | 4.68x | 5.61x | 2.82x | 2.8x | 4.71x | Chart |
| Debtor days | 49 | 61 | 70 | 59 | 74 | 77 | Chart |
| Inventory days | 175 | 145 | 140 | 196 | 176 | 136 | Chart |
| Total assets | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | $1.1b | Chart |
Reference: annolyse.ai/companies/dgl
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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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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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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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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DPS
Dividend per share declared for the period.
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Payout ratio
Dividend payout against statutory NPAT.
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Debtor days
Receivables days where the working-capital inputs are source-backed.
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Inventory days
Inventory days where the working-capital inputs are source-backed.
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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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The setup & the reality
HY26 → FY26 Follow-through
The latest result is checked against what the prior briefing said to watch.
Historical setup
What HY26 said to watch
Previous analysisHY26Result releasedAnnolyse analysis published
From Delegat's profit growth outpaces revenue on lower finance costs
No stated FY26 targets or explicit second-half guidance were disclosed, so the result cannot be measured against management's own benchmarks. The prior full year's shape shows the first half historically contributed only around 25.4% of full-year NPAT, so a step-up into the second half would be typical, but without a stated target this release only confirms continued improvement, not whether it will meet any specific full-year expectation.
Open questions
Open questions from HY26
- Why did operating cash flow fall 17.5% to $62.3 million while EBITDA rose 6.4%?
- What portion of the capex reduction from $37.4 million to $10.5 million reflects deferred spend versus completed investment programs?
- Whether the shift in export mix toward Europe and away from the US reflects structural repositioning or timing and currency effects?
- What medium-term net debt to EBITDA level is management targeting given leverage improved to 4.7x from 5.6x?
This briefing cannot assess forward demand trends, currency exposure sensitivity, or the specific drivers behind the fair-value adjustments referenced in the operating-to-reported profit reconciliation.
Latest result sources
Primary issuer documents used for the FY26 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.
Current period
DGL - 2026 Results Announcement
FY26 / financial reportDGL - 2026 Results Presentation
FY26 / results presentationDGL - 2026 Results Release to Media
FY26 / results releasePrior comparable period
DGL - 2025 Annual Report
FY25 / financial reportRelease context
DGL - Case Sales & Profit Guidance Update - US tariff Impact
FY25 / commentaryPeer context
Other covered Consumer companies
These companies share a broad sector but may not be direct peers. Compare them only where the underlying measures are genuinely comparable.
Archive
Briefing archive
The full chronological archive contains every published result briefing.
FY26 · Released 28 August 2026
EBITDA hit a record $134.5m but a $30.9m charge cut NPAT 19.4%
Statutory NPAT fell 19.4% on a $30.9m non-recurring charge, even as underlying Operating NPAT rose 20% to $61.5m.
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HY26 · Released 27 February 2026
Delegat's profit growth outpaces revenue on lower finance costs
Earnings surged well ahead of sales growth, raising questions about how much reflects trading momentum.
Read briefing
HY25 · Released 28 February 2025
NPAT fell 62.6% on volume weakness as cash flow doubled
A $30.4m working-capital release lifted operating cash flow 111.3%, but earnings collapsed and trailing leverage rose to 5.6x EBITDA.
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FY25 · Released 3 February 2025
EBITDA fell $12m but NPAT rose as tax rate dropped to 28.3%
Operating EBITDA dropped to $116.5m on a 12% case-volume decline, with cash generation aided by a $19.9m debtor release and lower capex.
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FY24 · Released 7 August 2024
NPAT halved despite flat EBITDA as H2 swung to a loss
The effective tax rate jumped to 49.0%, receivable days extended from 51 to 74, and the held 20c dividend now consumes 64.5% of reported earnings.
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HY24 · Released 23 February 2024
NPAT fell 17.9% as working capital and capex pushed leverage to 4.7x
Flat EBITDA masked a sharp deterioration in cash deployment, with debtor days extending 20.7 and free cash flow turning negative.
Read briefing
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