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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Annual Meeting Report, May 26th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $91.9m $67.1m $28.1m $46.0m $38.1m -22% Cost of Sales $44.9m $20.5m $10.9m 19.2m $17.2m -11% Gross Profit $43.4m $43.3m $19.9m $29.8m $20.9m -30% NPAT $31.3m $31.1m $13.5m $15.4m $11.1m -28% Gross Profit Margin…
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Annual Meeting Report, May 20th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Revenue $1,376m $1,317m $1,348m $1,374m $1,577m 15% NPAT1 $8.8m -$0.9m -$46.6m -$9.9m $10.2m n/a EPS1 $0.072 -$0.045 -$0.417 -$0.131 $0.08 n/a PE Ratio 39 n/a n/a n/a 20 Capitalisation $348m $252m $227m $202m $304m…
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Annual Meeting Report, May 21st 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $98.1m $135.1m $143m $150m $164m 10% EBITDA $6.5m $10.6m $13.3m $21.6m $28.2m 31% NPAT -$9.9m -$20.9m -$13.9m -$0.6m $2.6m n/a Gross Profit Margin 63% 63% 63% 60% 58% -3% EPS1 -$0.042 -$0.092 -$0.059…
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Annual Meeting Report, Apr 15th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $309.6m $348.4m $300.9m $411.4m $439.6m 7% EBITDA $56.8 $46.1m $26.0m $76.1m $95.9m 26% Gross Profit Margin 24% 20% 16% 26% 29% 12% NPAT $14.9 $6.5m -$14.5m $8.8m $31.9m 265% EPS $0.37 $0.155 -$0.345…
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Annual Meeting Report, May 20th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 (6 months) 2024 2025 2026 Change Rental Income $8.2m $5.7m $15.4m $19.9m $22.3m 12% EBITDA $2.6m $4.2m $12.5m $16.1m $17.4m 8% NPAT $39.7m $5.3m $10.9m $23.1m $7.9m -66% Change in prop value $35.3m $2.3m $7.4m $23.9m -$0.2m n/a…
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NZSA Disclaimer There have been some interesting changes in relativity between some of New Zealand’s best known Growth funds over recent weeks. Growth funds, whether KiwiSaver or retail managed funds, are a staple diet for many long-term investors. Often, movements in fund unit prices are similar – unsurprising in the context of a typical growth…
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