NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. The government wants to know what will bring down the cost of capital. Commerce minister Cameron Brewer was unequivocal in his goal for the long-awaited second tranche of capital markets reform for the…
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Annual Meeting Report, July 14th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 (restated) 2023 2024 2025 2026 Change Revenue $478.1m $493.6m $503.9m $523.8m $546m 4% NPAT $33.8m $50.5m $15.5m $20.7m $25.9m 25% Profit attributable to shareholders $24.6m $45.2m $11.8m $16.0m $20.4m 28% EPS $0.171 $0.315 $0.082 $0.111 $0.142 28% PE Ratio…
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Annual Meeting Report, July 8th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Operating Revenue $89.0m $94.6m $98.8m $97.7m $88.5m -9% Management Fees $24.3m $23.3m $19.8m $20.4m $22.9m 12% Gross Profit $46.5m $53.5m $50.8m $49.3m $41.7m -15% NPAT $112.3m -$116.7m -$52.0m $21.7m $31.3m 44% EPS1 $0.208 -$0.215…
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Annual Meeting Report, June 30th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Revenue $18.9m $48.0m $71.2m $90.5m $120.9m 34% NPAT -$36.0m -$30.5m -$15.7m -$20.8m -$17.7m n/a EPS -$0.30 -$0.25 -$0.13 -$0.17 -$0.14 n/a PE Ratio n/a n/a n/a n/a n/a Capitalisation $438m $270m $377m $392m $181m…
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Annual Meeting Report, June 26th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Rental Income $67.9m $71.0m $72.8m $76.1m $81.0m 6% Change in Valuation $91.5m -$185.3m -$98.8m $13.4m $2.2m n/a NPAT $118.2m -$150.2m -$67.1m $38.4m $31.7m -17% EPS $0.321 -$0.408 -$0.18 $0.102 $0.084 -17% PE Ratio 5…
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Annual Meeting Report, June 23rd 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Operating Revenue $131.6m $144.5m $153.2m $155.7m $159.8m 3% Revaluation Gains $163.6m -$146.5m -$112.7m $72.7m $58.5m -20% NPAT $236.1m -$80.8m -$55.3m $125.9m $127.7m 1% EPS1 $0.279 -$0.095 -$0.065 $0.149 $0.146 n/c PE Ratio 4 n/a…
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Annual Meeting Report, June 23rd 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 (re-stated) 2023 2024 2025 2026 Change Operating Revenue $255.9m $259.1m $244.7m $263.7m $271.4m 3% EBITDA $154.7m $173.6m $156.3m $173.1m $180.2m 4% Fair value gain/loss $128m -$353m -$77.8m -$11.6m -$37.8m n/a NPAT $224m -$228m -$2.1m $57.0m $50.4m -11% EPS $0.143…
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Annual Meeting Report, May 26th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $164.8m $144.2m $145.7m $176.2m $186.7m 6% Hotel Revenue $55.2m $65.2m $101.1m $109.5m $130.9m 20% NPAT1 $40.0m $21.7m $21.6m $8.8m $24.8m 182% EPS1 $0.253 $0.137 $0.136 $0.017 $0.128 632% PE Ratio 9 16 14…
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Annual Meeting Report, May 27th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $64.2m $74.3m $66.5m $79.7m $83.2m 4% NPAT $5.4m $3.3m -$3.5m -$1.9m -$2.1m n/a GP Margin 28% 28% 30% 29% 32% 9% Inventory T/O 11.56 7.97 5.24 6.19 6.71 8% EPS1 $0.013 $0.008 -$0.008…
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Annual Meeting Report, May 21st 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 AUD 2022 AUD 2023 AUD 2024 AUD 2025 AUD Change Revenue $4,557m $5,168m $5,376m $6,106m $6,166m 1% EBITDA $312m $414m $465.2m $499.3m $557m 12% NPAT -$5m $191.2m $189.8m $220.2m $272.2m 24% EPS1 $0.023 $0.22 $0.22 $0.26 $0.33 28% PE…
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