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, 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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Annual Meeting Report, April 22nd 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $365.6m $365.9m $347.6m $350.6m $346m -1% EBITDA $78.8m $64.5m $54.6m $50.1m $56.3m 12% NPAT $34.4m $22.7m $12.2m -$16.0m $13.1m n/a EPS1 $0.174 $0.123 $0.066 -$0.086 $0.07 n/a PE Ratio 5 10 13 n/a…
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Annual Meeting Report, April 23rd 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $88.0m $95.7m $108.4m $120.8m $129m 7% EBITDA $34.4m $35.1m $38.9m $47.2m $51.7m 11% NPAT $15.0m $14.2m $13.6m $25.5m $21.5m -14% EPS1 $0.053 $0.045 $0.042 $0.078 $0.065 86% PE Ratio 26 27 24 21…
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Annual Meeting Report, April 21st 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $205.3m $238.7m $272.2m $319.9m $362m 13% Fair Value Movement $540.9m $268.8m $441.6m $372.6m $266m -29% NPAT $543.6m $225.4m $436.3m $339.8m $259.7m -24% EPS1 $2.36 $1.16 $1.86 $1.435 $1.072 -25% PE Ratio 5 8…
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Annual Meeting Report, April 16th 2026 Click here for NZSA Assessment and Voting Intentions This virtual-only meeting was called in advance of the usual AGM, to approve the participation of Hull interests in the capital raising announced on 30th March. Simon Hull’s family as founders hold 52.41% of shares, and would still hold over 50%…
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Annual Meeting Report, February 25th 2026 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $105.7m $126.3m $169.9m $213.2m $230m 8% Operating Expenses $93m $118.2m $146.7m $189.7m $202m 7% EBITDA $12.7m $8.1m $23.2m $23.6m $27.8m 18% NPAT $3.2m -$3.3m $10.0m $9.5m $20.9m 119% EPS1 $0.032 -$0.033 $0.098 $0.092…
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Annual Meeting Report, February 18th 2026 Click Here for NZSA Assessment and Voting Intentions Metric 2022 (restated) 2023 (restated) 2024 (restated) 2025 2026 Change Revenue $327.9m $347.3m $472.6m $555.8m $594.3m 7% Insurance Result $22.5m $23.5m -$7.9m $82.8m $105.2m 27% NPAT2 $19.3m $18.8m -$1.2m $74.3m $83.7m 18% EPS1 $0.046 $0.050 -$0.003 $0.196 $0.244 25% PE Ratio…
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Annual Meeting Report, February 25th 2026 Click Here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 (re-stated) 2025 2026 (8 months) Change Revenue $174.5m $167.1m $187.1m $211.0m $118m n/a NPAT -$73.2m $1.9m $28.5m $13.4m -$6.3m n/a EPS -$0.052 $0.003 $0.053 $0.025 -$0.012 n/a Gross Margin 7% 18% 35% 22% 9% -60% Inventory Turnover…
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NZSA Disclaimer Branch Event Report, September 11th 2024 On 11 September last year Thom Bentley, the Head of Business Development for NZX’s Smart (Smartshares) Limited spoke to a South Island Branch Section meeting. Thom alerted us to the possibility that anyone with assets of over US$60,000 invested in the US is potentially liable for 40%…
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