Market cap
$406m
End-of-day close multiplied by current shares on issue.
GTK · NZX
Gentrack Group Limited 6 months to 31 March 2026 (GTK)
Technology / Utilities softwareCovered: FY24 - HY264 published briefings
Gentrack Group Limited 6 months to 31 March 2026 is an NZX-listed technology / utilities software company with FY24 - HY26 of published result briefings.
Sections
Snapshot
Latest metrics
HY26, released 18 May 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $110.1m | ↓ -1.7% |
| EBITDA | $7.9m | ↓ -39.0% |
| NPAT | $5.1m | ↓ -28.9% |
| Operating cash flow | -$8.7m | ↓ -403.2% |
| OCF / EBITDA % | -110.1% | ↓ -132.2pp |
| ROE % | 2.1% | ↓ -1.1pp |
| DPS | 0.0c | — |
| PBT | $1.3m | ↓ -86.2% |
| FCF pre-lease | -$9.8m | — |
| Debtor days | 57 | ↑ +24.6% |
Source: latest published briefing (HY26, released 18 May 2026). Change compares against the prior equivalent period: HY25, released 19 May 2025.
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, 31 July 2026
Price and market cap
The latest close and share count context for the market price.
i
Profitability multiples
How the market price compares with recent earnings and cash-flow inputs.
P/E
21.56x
Recent market cap compared with trailing earnings.
EPS
0.17
Recent filing-derived earnings per share.
PEG
Not available
Not meaningful without positive comparable earnings growth.
EV/EBITDA
Not available
Not available for this company right now.
P/FCF
Not available
Not available for this company right now.
P/B
1.65x
Market value compared with latest reported equity.
Income and fund shape
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.
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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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: FY24.
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Chat
Ask about GTK
Ask follow-up questions about Gentrack Group Limited 6 months to 31 March 2026's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about GTK
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
Performance over time
The latest period is shown first.
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| Metric | HY266 MONTHS18 May 2026 | FY2512 MONTHS24 November 2025 | HY256 MONTHS19 May 2025 | FY2412 MONTHS26 November 2024 | Trend |
|---|---|---|---|---|---|
| Revenue | $110.1m | $230.2m | $112m | $213.2m | Chart |
| Revenue growth % | -1.7% | 8.0% | 9.8% | 25.5% | Chart |
| EBITDA | $7.9m | $27.8m | $13m | $23.6m | Chart |
| EBITDA margin % | 7.2% | 12.1% | 11.6% | 11.1% | Chart |
| PBT | $1.3m | $20.2m | $9.1m | $14.6m | Chart |
| PBT growth % | -86.2% | 38.4% | 10.0% | -2.7% | Chart |
| NPAT | $5.1m | $20.9m | $7.2m | $9.5m | Chart |
| NPAT growth % | -28.9% | 120.0% | 35.6% | -5.0% | Chart |
| Operating cash flow | -$8.7m | $22m | $2.9m | $34.4m | Chart |
| OCF / EBITDA % | -110.1% | 79.2% | 22.1% | 145.8% | Chart |
| FCF pre-lease | -$9.8m | $20.3m | — | $33.3m | Chart |
| DPS | 0.0c | — | — | — | — |
| ROE % | 2.1% | 8.6% | 3.2% | 4.6% | Chart |
| Net debt | — | -$84.8m | -$70.7m | — | Chart |
| Net debt / EBITDA | — | n/m | n/m | — | Chart |
| Debtor days | 57 | 45 | 46 | 48 | Chart |
| Inventory days | 1 | 1 | 1 | 1 | Chart |
| Total assets | $315.6m | $324.8m | $300.3m | $287.7m | Chart |
Reference: annolyse.ai/companies/gtk
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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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.
OCF / EBITDA
Cash conversion against earnings.
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FCF pre-lease
Operating cash flow less capex before leases.
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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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DPS
Dividend per share declared for the period.
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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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The setup & the reality
FY25 → HY26 Follow-through
The latest result is checked against what the prior briefing said to watch.
Historical setup
What FY25 said to watch
Previous analysisFY25Result releasedAnnolyse analysis published
From PBT rose 38.4% but operating cash fell 36% as conversion halved
No forward revenue, EBITDA or margin targets are disclosed in the supplied release. The release notes results are "in line with guidance" and that recurring revenue grew 13%, but a specific quantitative target is not provided, so the briefing cannot test the result against a stated bar.
The HY25 split shows the year was second-half weighted: H1 contributed 48.7% of revenue, 46.6% of EBITDA and only 34.4% of NPAT. That implied H2 NPAT of $13.7m versus H1 of $7.2m is partly mechanical given the year's low effective tax rate, so the H2 acceleration in reported earnings should not be read as evidence of accelerating underlying profitability without further disclosure on the tax outcome.
Open questions
Open questions from FY25
- What drove the effective tax rate down to 3.1% from 34.7%, and is any portion of that benefit recurring into FY26?
- Why did operating working capital fall $17.7m, and which line items (contract liabilities, deferred revenue, receivables timing) are responsible?
- Is 79.2% OCF/EBITDA the correct go-forward cash conversion benchmark for the business, or was FY25 also affected by one-off items?
- Why was no dividend declared given $84.8m of cash, zero debt, and 97.1% FCF/NPAT conversion, and what is the intended use of the cash balance?
- What is the Airport segment's profitability profile, given Utility's 10.5% disclosed gross margin is the only segment margin available?
This briefing cannot assess the durability of the FY25 tax outcome or management's forward EBITDA, margin, or capital-return intentions because no quantitative targets, tax commentary, or dividend policy statement were provided in the release excerpts.
Archive
Briefing archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
HY26 · Released 18 May 2026
Gentrack cash flow swings to $8.7m outflow as EBITDA falls 39%
Cash flow swung to an $8.7m outflow and PBT fell 86.2%, while a tax credit cushioned NPAT's smaller 28.9% decline.
Read briefing
FY25 · Released 24 November 2025
PBT rose 38.4% but operating cash fell 36% as conversion halved
A 3.1% effective tax rate flattered NPAT to a 120% gain while OCF/EBITDA fell to 79.2% from 145.7% on working-capital normalisation.
Read briefing
HY25 · Released 19 May 2025
Operating cash flow fell to near zero as EBITDA rose 5.1%
Cash conversion fell to 22.1% of EBITDA from 33.0% while NPAT's 35.8% rise outpaced PBT's 9.6% gain on a lower tax rate.
Read briefing
FY24 · Released 26 November 2024
Revenue grew 25.5% but EBITDA only 1.7% as Utilities margin compressed
Strong top-line growth was offset by Utilities segment margin compression from 13.2% to 10.0%, leaving operating earnings roughly flat.
Read briefing
Get notified when GTK publishes
Get the next Gentrack Group Limited 6 months to 31 March 2026 result briefing and five-year history updates by email.