Market cap
$0.99m
End-of-day close multiplied by current shares on issue.
RTO · NZX
Blackwell Global Holdings (RTO)
Industrials / Holding companyCovered: FY21 - FY269 published briefings
Blackwell Global Holdings is an NZX-listed industrials / holding company company. Its latest covered result is FY26, with FY21 - FY26 of source-backed result history on Annolyse.
Sections
Latest result
Latest metrics
FY26, released 28 May 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $0.07m | ↓ -77.5% |
| NPAT | -$0.2m | — |
| Operating cash flow | -$0.17m | ↑ +49.7% |
| Net debt | -$0.12m | ↑ +60.2% |
| ROE % | n/m | — |
| PBT | -$0.2m | — |
| Total assets | $0.2m | ↓ -46.4% |
Source: latest published briefing (FY26, released 28 May 2026). Change compares against the prior equivalent period: FY25, released 29 May 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, 4 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
Not available
Not meaningful when recent earnings are negative.
EPS
-0.02
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not available for this company right now.
P/FCF
Not available
Not available for this company right now.
P/B
5.29x
Market value compared with latest reported equity.
Income and investment-company measures
Yield and investment-company valuation where supported.
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 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 RTO
Ask follow-up questions about Blackwell Global Holdings's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about RTO
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 | FY2612 MONTHS28 May 2026 | HY266 MONTHS28 November 2025 | FY2512 MONTHS29 May 2025 | HY256 MONTHS28 November 2024 | FY2412 MONTHS29 May 2024 | HY236 MONTHS29 November 2022 | FY2212 MONTHS30 May 2022 | HY226 MONTHS29 November 2021 | FY2112 MONTHS31 May 2021 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.07m | $0m | $0.31m | $0.31m | $0.02m | $0m | $0.05m | $0.03m | $0.53m | Chart |
| Revenue growth % | -77.5% | — | n/m | n/m | 111.1% | -91.2% | -89.8% | -100.0% | 21.1% | Chart |
| PBT | -$0.2m | — | — | — | -$0.25m | -$0.1m | -$0.38m | -$0.2m | -$0.43m | Chart |
| NPAT | -$0.2m | — | — | — | -$0.25m | -$0.1m | -$0.38m | -$0.2m | -$0.43m | Chart |
| Operating cash flow | -$0.17m | -$0.07m | -$0.35m | -$0.15m | -$0.23m | -$0.15m | $0.13m | $0.33m | $0.18m | Chart |
| FCF pre-lease | — | — | — | — | — | — | $0.13m | $0.33m | $0.18m | Chart |
| FCF post-lease | — | — | — | — | — | — | — | $0.33m | $0.18m | Chart |
| DPS | — | — | — | 0.0c | — | — | — | — | — | — |
| ROE % | n/m | — | — | — | -0.1% | -76.9% | n/m | n/m | n/m | Chart |
| Net debt | -$0.12m | -$0.22m | -$0.29m | -$0.48m | $0.55m | -$0.07m | $0.84m | $1.3m | $0.38m | Chart |
| Total assets | $0.2m | $0.33m | $0.38m | $0.59m | $0.72m | $1.1m | $1.2m | $1.5m | $2.7m | Chart |
Reference: annolyse.ai/companies/rto
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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NPAT
Statutory profit after tax.
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Operating cash flow
Cash generated from operations.
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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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More financial metrics
Additional filing-backed metrics for this company. Each point links to the relevant published briefing.
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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The setup & the reality
HY26 → FY26 Follow-through
The latest result is checked against what the prior briefing said to watch.
Historical setup
What HY26 said to watch
Previous analysisHY26Result releasedAnnolyse analysis published
From Cash fell 54.7% to $0.2m as RTO shell still has no acquisition deal
No targets, guidance or forward-work disclosures are provided, and there is no operating seasonality to assess because the entity is not trading. The release does not support any expectation about when a transaction might be announced or what shape it would take; it explicitly confirms that prior discussions have not progressed.
What the filing does establish is that, absent a transaction, the existing cash position will deteriorate further through the second half. The gap between current cash and FY25's full-year operating burn means a capital raise or transaction-funded recapitalisation will likely be required within the next 12 to 18 months on present trends.
Open questions
Open questions from HY26
- What is the realistic timeline to announce a reverse takeover, and what milestones should shareholders expect over the next six months?
- Why have discussions with multiple potential targets failed to advance to a tangible transaction over the past 12 months, and what has changed in management's approach?
- How much cash does the board consider the minimum required to fund deal execution, and at what balance would a capital raise be triggered?
- Will any reverse takeover be funded predominantly by share issuance, and what dilution range is the board prepared to accept?
- Is there a fallback plan, including delisting or returning residual capital, if no acceptable target emerges before cash is materially depleted?
This briefing cannot assess the probability, terms or timing of any reverse-takeover transaction because no specific target, structure or deadline has been disclosed.
Latest result sources
Primary issuer documents used for the FY26 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.
Current period
2026 Annual Report
FY26 / financial reportRTO Results for release to the market
FY26 / results announcementPrior comparable period
RTO 2025 Annual Report
FY25 / financial reportInterim context
Half Year Report
HY26 / financial reportResults for announcement to the market
HY26 / results announcementRelease context
Results of annual meeting
HY26 / commentaryPeer context
Other covered Industrials 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.
FY26 · Released 28 May 2026
Cash falls to $0.115m as total assets drop below historical range
Revenue fell 77.5% to $0.07m and operating losses widened as RTO's cash shell continues burning capital while it hunts for an acquisition.
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HY26 · Released 28 November 2025
Cash fell 54.7% to $0.2m as RTO shell still has no acquisition deal
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
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FY25 · Released 29 May 2025
Loss narrowed 77.6% but operating cash burn widened as H2 deteriorated sharply
Blackwell Global reported a smaller full-year loss, but a severe H2 reversal and deepening cash burn raise questions about near-term survival runway.
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HY25 · Released 28 November 2024
RTO cleared $0.5m of bond debt while still hunting a reverse takeover
Borrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.
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FY24 · Released 29 May 2024
Equity fell 59.7% to $0.2m as RTO Limited burns cash hunting for a deal
A name change to RTO Limited signals intent, but the shell has yet to announce a reverse-takeover target while cash and equity continue to erode.
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HY23 · Released 29 November 2022
Recapitalisation lifts cash to $1.0m and turns equity positive ahead of RTO
The shell carries $1.0m of cash and $0.9m of borrowings after a capitalisation, but operations burned $0.1m of cash with no acquisition target
Read briefing
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