HY26 · Released 21 November 2025
EBITDA flat but NZD 136.6m impairment collapse drove NPAT to -NZD 144.2m
Revenue grew 3.3% and cash generation improved sharply, but a large goodwill/asset impairment obliterated reported earnings and equity.
ERD · NZX
EROAD is an NZX-listed transport technology company covered by Annolyse across HY26. This page brings together the latest briefing, the current metrics snapshot, and the published history to date in one place.
Snapshot
HY26, released 21 November 2025
| Metric | Value |
|---|---|
| Revenue | $99.1m |
| EBITDA | $28.7m |
| NPAT | -$144.2m |
| Operating cash flow | $25.7m |
| OCF / EBITDA % | 89.5% |
| Net debt | $7.7m |
| Net debt / EBITDA | 0.30x |
| ROE % | -77.2% |
| PBT | -$136.6m |
| FCF pre-lease | $5.1m |
Longitudinal view
Current-period values from each published briefing, with the most recent reporting period shown first.
| Metric | HY266 MONTHS21 November 2025 |
|---|---|
| Revenue | $99.1m |
| Revenue growth % | 3.3% |
| EBITDA | $28.7m |
| EBITDA margin % | 29.0% |
| PBT | -$136.6m |
| NPAT | -$144.2m |
| Operating cash flow | $25.7m |
| OCF / EBITDA % | 89.5% |
| FCF pre-lease | $5.1m |
| FCF post-lease | $5.1m |
| ROE % | -77.2% |
| Net debt | $7.7m |
| Net debt / EBITDA | 0.30x |
| Debtor days | 65 |
| Total assets | $316.7m |
Source: annolyse.ai/companies/erd
Accountability
Read the prior briefing's expectations and unresolved questions alongside the subsequent result, without forcing long-form editorial text into narrow cards.
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
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