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, November 20th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Metric 2021 2022 2023 2024 2025 Change Revenue $1,205m $1,443m $1,591m $1,673m $1,899m 14% Gross Profit $510m $664m $739m $767m $875m 14% NPAT2 $80.6m $122.6m $144.8m $167.6m $202.9m 21% Gross Profit Margin 42% 46%…
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Annual Meeting Report, October 31st 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $57.5m -$32.6m $43.6m $33.1m $12.5m -62% Change in fair value $53.9m -$36.4m $39.6m $28.9m $7.8m -73% NPAT $52.3m -$34.6m $38.3m $28.1m $7.9m -72% EPS1 $0.245 -$0.129 $0.139 $0.099 $0.023 -77% PE Ratio 4…
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Annual Meeting Report, November 7th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $0.6m $0.6m $0.8m $1.2m $1.2m n/c Change in fair value $77.7m -$59.2m $26.9m $41.6m $4.6m -89% NPAT $69.2m -$60.4m $23.6m $37.2m $0.3m -99% EPS1 $0.364 -$0.301 $0.114 $0.172 $0.001 -99% PE Ratio 4…
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Annual Meeting Report, November 6th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 9rest.) 2022 2023 2024 2025 Change Operating Revenue $24.4m $26.8m $27.1m $27.6m $30.6m 11% Operating Profit $2.9m $3.8m $4.3m $3.7m $4.7m 28% NPAT2 $2.0m $2.9m $3.3m $5.2m $2.9m -45% EPS1 $0.07 $0.10 $0.116 $0.181 $0.10 -45% PE Ratio 11…
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Annual Meeting Report, October 21st 2025 Click Here for NZSA Assessment and Voting Intentions Property For Industry Limited (PFI:NZE) 2025 Annual Shareholders’ Meeting Metric 2021 2022 2023 2024 (6 months) 2025 Change Operating Revenue $108.6m $110.9m $114.8m $57.1m $127m n/a Fair value adjustment $392.5m -$56.7m -$140.8m $-4.7m $70.7m n/a Gross Profit $472.8m -$6.5m -$98.8m $25.5m…
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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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