Market cap
$198.5m
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. Its latest covered result is FY25, with HY24 - FY25 of source-backed result history on Annolyse.
Sections
Latest result
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
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, 18 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
15.16x
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
3.44x
Enterprise value compared with recent EBITDA.
P/FCF
7.82x
Market cap compared with recent free cash flow.
P/B
2.03x
Market value compared with latest reported equity.
Income and investment-company measures
Yield and investment-company valuation where supported.
Dividend yield
8.5%
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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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.
Financial history
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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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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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.
Latest result sources
Primary issuer documents used for the FY25 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.
Current period
NZME 2025 Annual Report and Consolidated Financial Statements
FY25 / financial reportNZME 2025 Full Year Results Announcement
FY25 / results releaseNZME 2025 Full Year Results Investor Presentation
FY25 / results presentationNZME 2025 Full Year Results NZX Form
FY25 / results announcementPrior comparable period
NZME 2024 Annual Report and Consolidated Financial Statements
FY24 / financial reportNZME 2024 Full Year Results Announcement
FY24 / results releaseNZME 2024 Full Year Results Investor Presentation
FY24 / results presentationNZME 2024 Full Year Results NZX Form
FY24 / results announcementInterim context
NZME 2025 Consolidated Interim Financial Statements
HY25 / financial reportNZME 2025 Half Year Results Announcement
HY25 / results releaseNZME 2025 Half Year Results NZX Form
HY25 / results announcementNZME 2025 Half Year Year Results Presentation
HY25 / results presentationRelease context
2024 Investor Day
FY24 / commentaryNZME FY24 guidance clarification
FY24 / commentaryNZME upgrades earnings guidance
FY25 / commentaryASM Presentation
HY25 / commentaryPeer context
Other covered Telecommunications & Media 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.
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.