Annual Meeting Report, September 15th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Rental Income $64.5m $67.9m $71.0m $72.8m $76.1m 5% Change in Valuation $139.3m $91.0m -$185.2m -$98.7m $12.0m n/a NPAT $156.3m $118.2m -$150.2m -$67.1m $38.4m n/a EPS $0.446 $0.321 -$0.408 -$0.18 $0.102 n/a PE Ratio 5…
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Annual Meeting Report, September 10th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 ($USm restated) 2022 ($USm) 2023 ($USm) 2024 ($USm) 2025($USm) Change Revenue $43.6m $47.6m $56.1m $67.7m $63.2m -7% NPAT $3.2m $1.7m -$2.5m -$0.2m -$21.5m n/a EPS1 $0.006 $0.003 -$0.05 -$0.00 -$0.041 n/a Gross Margin 38% 37% 32% 35% 29% -19%…
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Annual Meeting Report, September 11th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 ($000’s) 2022 ($000’s) 2023 ($000’s) 2024 ($000’S) 2025(000’s) Change Revenue $1,133 $1,678 $1,662 $2,108 $1,712m -19% NPAT -$3,490 -$7,893 -$2,402 -$2,051 -$2,243m n/a Capitalisation $22.9m $18.1m $12.1m $9.4m $12.1m 29% EPS1 -$0.01 -$0.022 -$0.006 -$0.004 -$0.004 n/a PE Ratio…
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Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 (restated) 2022 2023 2024 2025 Change Revenue $206.8m $221.5m $227.4m $212.4m $165.3m -22% NPAT $6.2m $3.0m $2.0m -$10.0m -$2.9m n/a EPS1 $0.181 $0.087 $0.058 -$0.292 -$0.084 n/a Capitalisation $54.9m $64.2m $48.1m $23.7m $9.6m -60% PE Ratio 9 21 24…
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The wholesale investor regime is a key element of New Zealand’s financial markets framework. It sits alongside our retail investor regime; both terms are elements of specific investor jargon that many individual investors would not even think about! Retail investments are those designed for the general public. They are governed (and protected) by the Financial…
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Annual Meeting Report, September 25th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 (rest) 2024 2025 Change Revenue $24.3m $15.6 $16.6m $19.2m $22.3m 13% NPAT $6.6m $5.9m $3.3m $2.2m $4.6m 105% Attributable to Shareholders $6.2m $5.5m $2.9m $1.7m $4.0m 129% EPS $0.085 $0.076 $0.04 $0.024 $0.055 129% PE Ratio 8…
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There was plenty on offer for Kiwi investors at the recent Queensland Retirement Summit, hosted by the Australian Shareholders’ Association with support from the NZ Shareholders’ Association. This included a presentation from Bendigo Bank Chief Economist, David Robertson, that provided a solid overview of the Australian economy, useful for any New Zealand investor. The key…
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Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2022 (restated) 2023 (restated) 2024 2025 Change Revenue $33.9m $48.1m $77.8m $96.5m $105.5m 9% Operating Expenses $26.3m $37.9m $59.4m $75.3m $88.9m 18% NPAT -$15.2m $2.1m $8.5m $8.4m -$.7m n/a EBITDA $7.6m $10.2m $18.4m $21.3m $16.6m -22% Capitalisation $190.3m $155m…
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Annual Meeting Report, August 8th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $5.5m $9.3m 9.0m $10.1m $10.4m 3% Change in Investments $150.5m -$20m -$23.7m $16.7m $37.8m 126% NPAT $142.7m -$17.3m -$19.5m $19.9m $40.8m 1.3 Mkt Capitalisation $627m $517m $432.6m $422.4m $456m 8% Mgmt Fee…
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NZSA Disclaimer Opinion: Employee Ownership Pays the Price of Private Equity Playbook Oliver Mander, CEO, NZ Shareholders Association In the world of corporate governance, we often speak of alignment between directors, shareholders and management. The natural tensions between that trinity represent a balancing act of key financial concepts – such as risk versus reward, or…
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