NZSA Disclaimer Branch Event Report, December 11th 2025 On 11 December the Waikato Branch hosted Matt Brown of Craigs Investments. Before coming to New Zealand, he had seven years as an investment manager in London as well as being a freelance financial writer. First to a macro backdrop with an overview of how major markets…
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In addition to the article below, have a listen to this extract from The Long and the Short of it, from February 7th, with commentary from Paul Macbeth and Oliver Mander. There is nothing like a day out visiting a company’s operations to understand the effectiveness of just how well a company does what it…
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Annual Meeting Report, December 19th 2025 Click Here for NZSA Assessment and Voting Intentions Report from Sanford Limited (SAN) Annual General Meeting, 19 December 2025 Metric 2023 2024 2025 Change Operating Revenue n/a n/a n/a n/a NPAT -$6.9m -$2.6m -$1.7m n/a EPS1 -$0.033 -$.012 -$0.002 n/a Capitalisation (NZD) $241.8m $476.1m $890m 87% PE Ratio n/a…
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Annual Meeting Report, December 17th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $109.5m $114.5m $118.4m $141.4m $157.7m 12% EBITDA $43.8m $40.1m $37.2m $52.0m $64.2m 23% NPAT $23.2m $20.4m $16.6m $24.8m $30.9m 24% EPS1 $0.116 $0.102 $0.083 $0.124 $0.154 24% PE Ratio 26 28 26 21…
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Annual Meeting Report, December 10th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $350.8m $351.2m $409.7m $435.6m $471m 8% Gross Profit $201.2m $202.3m $234.8m $258.7m $279m 8% Operating Profit $49.3m $37.1m $47.8m $54.3m $61.0m 12% NPAT $33.3m $25.6m $32.0m $34.5m $39.5m 14% GP Margin 57% 58%…
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Annual Meeting Report, December 15th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $20,565 $22,953 $24,658 $22,913 $24,111 5% Gross Profit $2,984 $3,216 $4,259 $3,913 $3,285 -16% NPAT $578 $661m $1,241 $1,168 $1,004 -14% Gross Margin 15% 14% 17% 17% 14% n/c EPS1 $0.358 $0.362 $0.98…
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Annual Meeting Report, December 17th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $191.7m $208.9m $234.2m $204.3m $192.4m -6% Cost of Sales $88.3m $82.9m $98.4m $92.0m $109.7m 19% NPAT $9.5m $12.8m $11.1m -$77.4m -$104.9m n/a EPS1 $0.135 $0.183 $0.158 -$1.10 -$1.49 n/a Gross Profit Margin 54%…
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Annual Meeting Report, November 21st 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 (rest.) 2023 2024 2025 Change Revenue $1,367m $1,397m $1,321m $1,637m $1,827m 12% Gross Profit $67m $124m $118m $56m $105m 88% NPAT -$28.5m $38.5m -$14.1m -$182.1m -$39.8m n/a GP Margin 5% 9% 9% 3% 6% 68% Inventory Turnover 4.81…
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Annual Meeting Report, November 13th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Interest Income $328m $342m $573m $661m $701m 7% Net Interest Income $234m $250m $282m $278m $307m 11% Interest Margin 71% 73% 53% 42% 44% 4% NPAT $87.0m $95.1m $95.9m $74.5m $38.8m -48% EPS1 $0.149…
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Annual Meeting Report, December 4th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $305.4m $325.6m $381.4m $378.3m $350m -8% Gross Profit $159.1m $151.0m $169.8m $149.9m $162m 8% NPAT $62.2m $63.0m $64.8m $31.4m $49.0m 56% Gross Profit Margin 48% 46% 45% 40% 46% 17% EPS1 $0.615 $0.623…
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