Market cap
$440.6m
End-of-day close multiplied by current shares on issue.
SKT · NZX
Sky Network Television is an NZX-listed telecommunications & media / pay television company with HY22 - HY26 of published result briefings.
Snapshot
HY26, released 26 February 2026
| Metric | Value | Change |
|---|---|---|
| Revenue | $414.4m | ↑ +7.7% |
| EBITDA | $78.2m | ↑ +28.8% |
| NPAT | $52.2m | ↑ +2710.0% |
| Operating cash flow | $99m | ↑ +57.9% |
| OCF / EBITDA % | 126.7%Outside range high ocf / ebitda cash conversion. 126.7%; 3-period range 76.2% to 103.4%. OCF / EBITDA cash conversion: 126.7%, above normal range; 3-period mean 85.5%, range 76.2%-103.4%. | ↑ +23.3pp |
| ROE % | 10.9% | ↑ +11.3pp |
| DPS | 15.0c | ↑ +76.5% |
| Payout ratio vs NPAT % | 39.6% | — |
| PBT | $57.7m | ↑ +2504.2% |
| FCF pre-lease | $87.1m | ↑ +1061.3% |
Source: latest published briefing (HY26, released 26 February 2026). Change compares against the prior equivalent period: HY25, released 21 February 2025.
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.
The latest close and share count context for the market price.
Market cap
$440.6m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
8.13x
Recent market cap compared with trailing earnings.
EPS
0.39
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
3.61x
Market cap compared with recent free cash flow.
P/B
0.92x
Market value compared with latest reported equity.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
8.9%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Indexed lines compare direction from the first positive comparable filing point. The axis is an index, not dollars or cents.
Chat
Ask follow-up questions about Sky Network Television's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | HY266 MONTHS26 February 2026 | FY2512 MONTHS22 August 2025 | HY256 MONTHS21 February 2025 | FY2412 MONTHS21 August 2024 | HY246 MONTHS22 February 2024 | HY236 MONTHS23 February 2023 | FY2212 MONTHS25 August 2022 | HY226 MONTHS24 February 2022 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $414.4m | $0.75m | $384.8m | $0.77m | $392.7m | $378.6m | $736m | $371.7m | Chart |
| Revenue growth % | 7.7%Unprecedented high revenue growth. 7.7%; 4-period range -2% to 4.1%. Revenue growth: 7.7%, unprecedented high; 4-period mean 1.9%, range -2.0%-4.1%. | -2.1% | -2.0%Unprecedented low revenue growth. -2%; 4-period range 1.9% to 7.7%. Revenue growth: -2.0%, unprecedented low; 4-period mean 4.3%, range 1.9%-7.7%. | 1.7% | 3.7% | 1.9% | 3.5% | 4.1% | Chart
|
| EBITDA | $78.2m | $0.15m | $60.7m | $0.15m | $81.7m | $73.7m | $169m | $42.1m | Chart |
| EBITDA margin % | 18.9% | 19.8% | 15.8%Outside range low ebitda margin. 15.8%; 3-period range 18.9% to 20.8%. EBITDA margin: 15.8%, below normal range; 3-period mean 19.7%, range 18.9%-20.8%. | 19.9% | 20.8%Outside range high ebitda margin. 20.8%; 3-period range 15.8% to 19.5%. EBITDA margin: 20.8%, above normal range; 3-period mean 18.0%, range 15.8%-19.5%. | 19.5% | 23.0% | 11.3% | Chart
|
| PBT | $57.7m | $0.03m | -$2.4m | $0.1m | $40.4m | $37.1m | $0.1m | $39.8m | Chart |
| PBT growth % | — | -57.9% | — | 0.0% | 8.9% | -6.8% | -99.9% | -29.6% | Chart |
| NPAT | $52.2m | $0m | -$2m | $0m | $28.8m | $26.1m | $0.1m | $28.3m | Chart |
| NPAT growth % | — | — | — | — | 10.3% | -7.8% | -99.8% | -28.5% | Chart |
| Operating cash flow | $99m | $120.2m | $62.7m | $0.14m | $62.9m | $56.1m | $119.6m | $74.9m | Chart |
| OCF / EBITDA % | 126.7%Outside range high ocf / ebitda cash conversion. 126.7%; 3-period range 76.2% to 103.4%. OCF / EBITDA cash conversion: 126.7%, above normal range; 3-period mean 85.5%, range 76.2%-103.4%. | n/m | 103.4% | 90.8% | 77.0% | 76.1%Outside range low ocf / ebitda cash conversion. 76.2%; 3-period range 77% to 126.7%. OCF / EBITDA cash conversion: 76.2%, below normal range; 3-period mean 102.4%, range 77.0%-126.7%. | 70.8% | 177.8% | Chart
|
| FCF pre-lease | $87.1m | $42.5m | $7.5m | $23.7m | $6.8m | $16m | $75m | $56.4m | Chart |
| FCF post-lease | $87.1m | $24.8m | $7.5m | $23.7m | $6.8m | — | — | $39.7m | Chart |
| DPS | 15.0c | 13.5c | 8.5c | 12.0c | 7.0c | 6.0c | 7.3c | 0.0c | Chart |
| Payout ratio vs NPAT % | 39.6% | 149.8% | — | 55.2% | 34.9% | 38.7% | 20.5% | — | Chart |
| Annual payout ratio vs EPS % | — | 149.8% | — | 55.2% | — | — | 20.5% | — | Chart |
| ROE % | 10.9% | 4.6% | -0.5%Outside range low roe. -0.4%; 3-period range 6.1% to 6.4%. ROE: -0.4%, below normal range; 3-period mean 6.2%, range 6.1%-6.4%. | 10.9% | 6.4%Outside range high roe. 6.4%; 3-period range -0.5% to 6.2%. ROE: 6.4%, above normal range; 3-period mean 4.0%, range -0.4%-6.2%. | 6.1% | 12.6% | 6.2% | Chart
|
| Net debt | — | -$32.4m | -$27.5m | — | -$46.8m | -$55.2m | -$137.1m | -$70.5m | Chart |
| Net debt / EBITDA | — | -217.28x | -0.45x | — | -0.57x | -0.75x | -0.81x | -1.67x | Chart |
| Debtor days | 10 | 18 | 5 | 18 | 0 | 749 | 17 | 26 | Chart |
| Inventory days | 71 | 34 | 32Outside range low inventory days. 32d; 3-period range 47d to 64d. Inventory days: 31.6 days, below normal range; 3-period mean 55.3 days, range 46.6 days-63.6 days. | 60 | 56 | 64Outside range high inventory days. 64d; 3-period range 32d to 56d. Inventory days: 63.6 days, above normal range; 3-period mean 44.6 days, range 31.6 days-55.7 days. | 60 | 47 | Chart
|
| Total assets | $748.7m | $0.67m | $625.9m | $0.68m | $667.4m | $679.3m | $777m | $692.7m | Chart |
Reference: annolyse.ai/companies/skt
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.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Dividend per share declared for the period.
Dividend payout against statutory NPAT.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From NPAT fell 58.7% on a 2.1% revenue decline despite dividend lift
Management states the result landed within the revised guidance ranges reset in February. No explicit FY26 revenue or EBITDA targets are provided in the materials supplied here; the only forward financial figure is the at-least 30 cps dividend guidance.
Against the HY25 shape, the second half delivered roughly $88m of EBITDA versus $60.7m in H1, broadly consistent with the H2 weighting management flagged at the interim as programming-cost timing reversed. So the within-year cadence tracked the signalled pattern, which means the FY25 print itself was not the surprise — the open question is what FY26 looks like once the acquisition and the lifted dividend run-rate are layered on.
Open questions
This briefing cannot assess the specific composition of items below EBITDA, the acquisition terms, or whether the FY26 dividend guidance is supported by management's expected free cash flow trajectory.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
HY26 · Released 26 February 2026
The deal expands the revenue base and inflates the prior comparable, so headline PBT and NPAT growth rates are not analytically like-for-like.
FY25 · Released 22 August 2025
Cash conversion dropped 10 percentage points to 80.9% as the full-year dividend was lifted to 22.0 cps against NPAT payout of 149.8%.
HY25 · Released 21 February 2025
The 8.5cps interim absorbed 156.3% of pre-lease FCF as revenue fell 2.0% and NPAT swung to a $2.0m loss.
FY24 · Released 21 August 2024
Revenue rose 1.7% and EBITDA 2.9%, but NPAT fell 3.5% as accelerated investment absorbed stronger operating cash while the payout stepped up.
HY24 · Released 22 February 2024
EBITDA margin reached 20.8% but the declared interim payout runs at 147.8% of pre-lease free cash flow, well below Sky's normal range.
HY23 · Released 23 February 2023
Unprecedented working-capital absorption and inventory at 63.6 days erode cash backing for a resumed 6.0 cps dividend and announced buyback.
FY22 · Released 25 August 2022
Core revenue returned to growth and pre-lease free cash flow reached the top of the historical range, supporting a 7.3c final dividend.
HY22 · Released 24 February 2022
Strong cash generation funded near-total debt repayment even as operating profit fell 31.2% against a high HY21 base.
Get the next Sky Network Television result briefing and five-year history updates by email.