Hallenstein Glasson (HLG) / FY26
PBT margin hit an unprecedented 14.9% as NPAT surged 49.9%
Gross margin expansion to 61.7% drove record profitability, but no forward target exists to test whether the gain is durable.
29 September 2026
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NZX research
Latest NZX result briefings
See the main finding from each of the ten most recent result briefings before opening the full analysis.
Fonterra Co-operative Group (FCG) / FY26
Underlying profit rose $268m to $1,182m amid non-comparable Fund revenue drop
Fund-level statutory revenue fell 98.8% on a non-comparable reporting base, while underlying profit rose to $1,182m.
24 September 2026
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Michael Hill International (MHJ) / FY26
H1 profit of $22.3m masked an implied $12.3m loss in H2
Flat headline growth reflects a data-matching issue while the reported H1/H2 split implies a sharp second-half profit reversal.
22 September 2026
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Briscoe Group (BGP) / HY27
Cash conversion fell to 17.0% while a capex surge flipped free cash flow
Revenue rose 0.8% and PBT fell 5.6%, but operating cash flow dropped 67.9% as capex nearly doubled for network and automation investment.
16 September 2026
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Rua Bioscience (RUA) / FY26
Revenue rose 93.5% while borrowings climbed 55.9%
Revenue reached $2.9m and cash rose to $0.534m, but operating cash outflow widened to $3.0m.
29 August 2026
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Port of Tauranga (POT) / FY26
Underlying NPAT rose 23.2% despite reported profit falling 10.0%
A one-off Northport sale gain flattered FY25 profit, masking a 23.2% rise in underlying NPAT and a surge in capex to 17.8% of revenue.
28 August 2026
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Delegat Group (DGL) / FY26
EBITDA hit a record $134.5m but a $30.9m charge cut NPAT 19.4%
Statutory NPAT fell 19.4% on a $30.9m non-recurring charge, even as underlying Operating NPAT rose 20% to $61.5m.
28 August 2026
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Air New Zealand (AIR) / FY26
Air New Zealand swings to a $336.0m pretax loss on fuel costs
Revenue rose 3.9% but profit before tax swung to a $336.0m loss as fuel costs and a heavier capex programme pushed free cash flow negative.
28 August 2026
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Comvita (CVT) / FY26
Capital raise puts Comvita's debt headroom in focus
The filing ties the NZ$40.5m capital raised directly to balance-sheet leverage.
28 August 2026
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Summerset Group Holdings (SUM) / HY26
Underlying profit fell 3% while statutory PBT jumped 63.1%
Debtor days rose to 105.6 while underlying profit fell 3%, masking the drivers behind a 63.1% jump in statutory profit before tax.
27 August 2026
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Methodology
The ten most recent result briefings are ordered by release date. Each finding comes from the published Annolyse briefing.
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