Market cap
$202.3m
End-of-day close multiplied by current shares on issue.
NZM · NZX
NZME (NZM)
Telecommunications & Media / MediaCovered: HY24 - FY254 published briefings
NZME is an NZX-listed telecommunications & media / media company with HY24 - FY25 of published result briefings.
Sections
Snapshot
Latest metrics
FY25, released 24 February 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $341.3m | ↓ -1.3% |
| EBITDA | $62.3m | ↑ +14.9% |
| NPAT | $13.1m | ↑ +181.7% |
| Operating cash flow | $50.4m | ↑ +33.0% |
| OCF / EBITDA % | 80.8% | ↑ +11.0pp |
| Net debt | $15.5m | ↓ -35.6% |
| Net debt / EBITDA | 0.25x | ↓ -43.2% |
| ROE % | 13.4% | ↑ +29.2pp |
| DPS | 6.0c | — Flat |
| Payout ratio vs NPAT % | 129.3% | — |
Source: latest published briefing (FY25, released 24 February 2026). Change compares against the prior equivalent period: FY24, released 26 February 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, 30 July 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
15.44x
Recent market cap compared with trailing earnings.
EPS
0.07
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
3.5x
Enterprise value compared with recent EBITDA.
P/FCF
7.96x
Market cap compared with recent free cash flow.
P/B
2.07x
Market value compared with latest reported equity.
Income and fund shape
Yield and fund-style valuation where the company shape supports it.
Dividend yield
8.4%
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 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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Chat
Ask about NZM
Ask follow-up questions about NZME's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about NZM
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 | FY2512 MONTHS24 February 2026 | HY256 MONTHS26 August 2025 | FY2412 MONTHS26 February 2025 | HY246 MONTHS27 August 2024 | Trend |
|---|---|---|---|---|---|
| Revenue | $341.3m | $163.6m | $345.9m | $168.3m | Chart |
| Revenue growth % | -1.3% | -2.8% | 1.5% | 3.1% | Chart |
| EBITDA | $62.3m | $18.9m | $54.2m | $21.4m | Chart |
| EBITDA margin % | 18.3% | 11.6% | 15.7% | 12.7% | Chart |
| PBT | $18.6m | -$0.3m | -$12.5m | $2.8m | Chart |
| PBT growth % | — | — | — | -2.3% | — |
| NPAT | $13.1m | -$0.4m | -$16m | $1.9m | Chart |
| NPAT growth % | — | — | — | -3.9% | — |
| Operating cash flow | $50.4m | $15m | $37.9m | $12.1m | Chart |
| OCF / EBITDA % | 80.8% | 79.2% | 69.8% | 56.5% | Chart |
| FCF pre-lease | $25.4m | $2.2m | $11.3m | -$0.7m | Chart |
| FCF post-lease | $25.4m | $2.2m | $11.3m | -$0.7m | Chart |
| DPS | 6.0c | 3.0c | 6.0c | 3.0c | Chart |
| Payout ratio vs NPAT % | 129.3% | — | — | 297.0% | Chart |
| Annual payout ratio vs EPS % | 129.3% | — | — | — | — |
| ROE % | 13.4% | -0.4% | -15.8% | 1.5% | Chart |
| Net debt | $15.5m | $33.3m | $24.1m | $30m | Chart |
| Net debt / EBITDA | 0.25x | 1.76x | 0.44x | 1.4x | Chart |
| Debtor days | 36 | 37 | 38 | 41 | Chart |
| Inventory days | 2 | 3 | 3 | 7 | Chart |
| Total assets | $238.8m | $248.5m | $254.6m | $292.2m | Chart |
Reference: annolyse.ai/companies/nzm
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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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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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 NZME swung to statutory loss while operating cash flow rose 23.5%
The supplied prior-year shape shows HY24 produced 48.7% of FY24 revenue but only 39.5% of FY24 EBITDA, indicating the business is materially second-half weighted on earnings. Annualising HY25 revenue gives $327.1m against FY24's $345.9m, though that comparison is distorted by the community-paper closure.
No quantified FY25 targets were supplied. Management cites a strategy review underway, ongoing cost-base adjustments, and "strong performance" in July advertising. The release does not support a quantified outlook, so the first half establishes only the starting point: positive cash generation, mixed segment economics, and a continuing cost-out program.
Open questions
Open questions from HY25
- What drove the $35.4m (-28.3%) reduction in total equity over the past 12 months, and how much came from the FY24 impairment versus dividend distributions?
- Why is the cash balance at $4.0m given $15.0m of operating cash flow in the half, and is the company comfortable operating at this liquidity level?
- What is the quantified scope and expected remaining cost of the restructuring program flagged in commentary?
- How will the strategy review affect segment structure and capital allocation, and on what timeframe will conclusions be communicated?
- Is the 3.0-cent interim dividend sustainable given negative NTA per share, second-half-weighted earnings, and a weaker leverage position?
This briefing cannot assess whether the cost-base adjustments and strategic review will translate into sustained earnings recovery in H2 and beyond.
Archive
Briefing archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY25 · Released 24 February 2026
EBITDA up 14.9% on cost cuts as revenue declined 1.3%
Cost discipline drove an $8.1m EBITDA lift and lifted free cash flow to $25.4m, with net debt nearly halved to $15.5m.
Read briefing
HY25 · Released 26 August 2025
NZME swung to statutory loss while operating cash flow rose 23.5%
The statutory result reflects one-off costs and a community-paper closure rather than deteriorating segment economics or cash generation, but equity
Read briefing
FY24 · Released 26 February 2025
NZME swung to $12.5m PBT loss despite revenue rising 1.5%
Operating cash flow fell 8.8% and the unchanged 6.0c dividend now consumes 148.7% of free cash flow.
Read briefing
HY24 · Released 27 August 2024
Audio margin compressed from 19.3% to 7.0% on near-flat group EBITDA
OneRoof's swing to profit and modest revenue growth offset a $6.4m fall in Audio's segment result and left the dividend uncovered.
Read briefing
Get notified when NZM publishes
Get the next NZME result briefing and five-year history updates by email.