Annual Meeting Report, October 22nd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $8,120m $8,498m $8,469 $7,683m $6,994m -9% NPAT $305m $432m $254m -$79m -$365m n/a Gross Margin Pct 29% 30% 31% 28% 28% n/c Inventory Turnover 4.81 4.45 3.73 3.81 3.88 2% EPS1 $0.371 $0.552…
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Annual Meeting Report, October 24th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $359m $346m $664m $922m $937m 2% Gross Profit $173m $195m $406m $548m $571m 4% Gross Profit Margin 48% 56% 61% 59% 61% 2% NPAT -$14.5m -$2.1m $49.9m $39.4m -$25.8m n/a EPS1 -$0.09 -$0.01…
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Annual Meeting Report, October 22nd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 AUD (restated) 2022 AUD 2023 AUD 2024 AUD 2025 AUD Change Revenue $574m $604m $632m $648m $646m n/c Gross Profit $366.9m $393.7m $406.7m $394m $391m -1% Gross Profit Margin 64% 65% 64% 61% 61% n/c NPAT $41.0m $47.6m $35.2m…
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Annual Meeting Report, October 23rd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $280m $317m $334m $331m $354m 7% Gross Profit Margin 41% 40% 42% 43% 43% n/c NPAT $40.2m $47.8m $50.9m $46.9m $54.5m 16% EPS1 $0.206 $0.245 $0.26 $0.239 $0.278 16% PE Ratio 29 23…
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NZSA Disclaimer This is Part 1 of a two part story, focused on the potential for a step-change in KiwiSaver following the Government announcement on November 23rd. This commentary focuses on some of the key questions and trade-offs that could be raised as the proposal is tested in the 2026 election. Part 2 (in the…
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Annual Meeting Report, September 26th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $66.1m $66.0m $82.7m $86.8m $82.0m -6% NPAT $3.2m $2.6m $1.3m $6.2m $3.3m -47% Gross Profit $14.8m $20.7m $17.8m -14% Gross Profit Margin 22% 22% 18% 24% 22% -9% EPS1 $0.07 $0.057…
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Special Meeting Report, October 14th 2025 Click here for NZSA Assessment and Voting Intentions The NZ Shareholders Association (NZSA) attended the SmartPay (SPY:NZX) Scheme Meeting on Tuesday, October 14, 2025, at 12:30PM online. The meeting focused on the proposed acquisition of SmartPay by Shift 4 Payments. The Scheme is a result of unsolicited proposals for…
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Annual Meeting Report, October 14th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $847.8m $952.7m $975.7m $915.9m $975.3m 6% Gross Profit $223.2m $248.5m $252.9m $235.7m $255.0m 8% Gross Profit Margin 26% 26% 26% 26% 26% n/c Operating EBITDA $56.0m $67.2m $61.2m $44.2m $56.1m 27% NPAT $22.7m…
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Annual Meeting Report, September 27th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $103.3m $117.5m $175.6m $211.1m $245m 16% EBITDA $85.3m $49.1m $87.8m $95.9m $104.3m 9% NPAT $56.7m $30.7m $54.8m $6.0m $40.5m 575% EPS1 $1.66 $0.901 $1.60 $0.176 $1.187 575% PE Ratio 11 20 12 93…
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Annual Meeting Report, September 30th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $1,279m $1,339m $1,192.3m $1,141.2m $1,104.0m -3% Op Expenses $643m $677m $668.9m $580.8m $482.4m -15% NPAT2 $193.2m $158.9m $111.1 $77.5m $154.7m 94% EPS1 $0.193 $0.159 $0.111 $0.078 $0.154 98% PE Ratio 21 29 36…
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