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© 2026 Annolyse. Analytical briefings for NZX company announcements.

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NZL · NZX

New Zealand Rural Land Company

Property / Rural land•Covered: HY22•1 published briefing

New Zealand Rural Land Company is an NZX-listed property / rural land company covered by Annolyse across HY22. This page brings together the latest briefing, the current metrics snapshot, and the published history to date in one place.

Latest briefing

HY22 · Released 22 February 2022

NZL pivots from IPO cash to deployed land: $86.1m net debt, $3.8m rental income

The comparables are not like-for-like; HY22 is the first period reflecting deployed rural land assets, rental cash flow, and bank borrowings.

Market data

Latest available
Price
NZD 0.92
Mkt cap
$134.4m
Yield
5.3%

Market inputs last checked 2026-04-28T00:00:00.000Z

Table of Contents⌄
  1. Snapshot
  2. Longitudinal View
  3. Accountability
  4. Archive
  5. Related Insights

Table of contents

  1. Snapshot
  2. Longitudinal View
  3. Accountability
  4. Archive
  5. Related Insights

Snapshot

Latest metrics

HY22, released 22 February 2022

NZL latest metrics
MetricValue
Revenue$3.8m
Operating profit$3m
NPAT$3.2m
Operating cash flow$2.9m
OCF / Operating profit %96.8%
Net debt$86.1m
Net debt / Operating profit29.16x
ROE %2.4%
DPS2.0c
Payout ratio vs NPAT %56.6%

Source: latest published briefing (HY22, released 22 February 2022).

Longitudinal view

Performance over time

Current-period values from each published briefing, with the most recent reporting period shown first.

NZL metric history
MetricHY226 MONTHS22 February 2022
Revenue$3.8m
Revenue growth %-61.2%
Operating profit$3m
Operating profit margin %78.4%
PBT$3.5m
NPAT$3.2m
Operating cash flow$2.9m
OCF / Operating profit %96.8%
FCF pre-lease-$58.6m
DPS2.0c
Payout ratio vs NPAT %56.6%
ROE %2.4%
Net debt$86.1m
Net debt / Operating profit29.16x
Debtor days15
Total assets$221.4m

Reference: annolyse.ai/companies/nzl

Metric trajectory

Small multiples turn the table into a trend view while keeping the table above as the primary reference.

Revenue

Reported revenue across covered periods.

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Revenue preview table
PeriodNZL
HY22$3.8m

EBITDA-equivalent

Company-specific earnings measure where disclosed.

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EBITDA-equivalent preview table
PeriodNZL
HY22$3m

NPAT

Statutory profit after tax.

Operating cash flow

Cash generated from operations.

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Operating cash flow preview table
PeriodNZL
HY22$2.9m

OCF / EBITDA

Cash conversion against earnings.

FCF pre-lease

Operating cash flow less capex before leases.

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FCF pre-lease preview table
PeriodNZL
HY22-$58.6m

ROE

Return on equity.

Net debt

Borrowings less cash; negative values indicate net cash.

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Net debt preview table
PeriodNZL
HY22$86.1m

Net debt / EBITDA

Leverage ratio, suppressed where earnings are not meaningful.

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Net debt / EBITDA preview table
PeriodNZL
HY2229.16x

DPS

Dividend per share declared for the period.

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DPS preview table
PeriodNZL
HY222.01c

Payout ratio

Dividend payout against statutory NPAT.

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Payout ratio preview table
PeriodNZL
HY2256.6%

Accountability

What changed versus the prior briefing

Read the prior briefing's expectations and unresolved questions alongside the subsequent result, without forcing long-form editorial text into narrow cards.

Expectations tracker

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

Briefing archive

Every published Annolyse briefing for this company appears here in reverse chronological order.

HY22 · Released 22 February 2022

NZL pivots from IPO cash to deployed land: $86.1m net debt, $3.8m rental income

The comparables are not like-for-like; HY22 is the first period reflecting deployed rural land assets, rental cash flow, and bank borrowings.

Read briefing→

Related insights

Compare this company

The latest NZL metrics also appear in these cross-company views.

Insight

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Revenue

Reported revenue across covered periods.

EBITDA-equivalent

Company-specific earnings measure where disclosed.

Operating cash flow

Cash generated from operations.

FCF pre-lease

Operating cash flow less capex before leases.

Net debt

Borrowings less cash; negative values indicate net cash.

Net debt / EBITDA

Leverage ratio, suppressed where earnings are not meaningful.

DPS

Dividend per share declared for the period.

Payout ratio

Dividend payout against statutory NPAT.