Annual Meeting Report, May 23rd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $925m $1,114m $1,298m $1,395m $1,474m 6% Gross Profit $163m $202m $221m $229.9m $250.3m 9% NPAT $30.9m $51.8m $32.1m $16.3m $26.5m 63% Gross Profit Margin 18% 18% 17% 16% 17% 3% Inventory Turnover 52.49…
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Annual Meeting Report, May 15th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $701.8m $744.4m $785.9m $792.0m $791.5m n/c Gross Profit $307.1m $340.6m $345.9m $335.8m $319.5m -5% NPAT $73.2m $87.9m $88.4m $84.2m $60.6m -28% Gross Profit Margin 44% 46% 44% 42% 40% -5% EPS1 $0.329 $0.395…
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Annual Meeting Report, May 21st 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 (period) 2022 2023 (6 months) 2024 2025 Change Rental Income $498k $8.2m $5.7m $15.4m $19.9m 29% EBITDA -$1.8m $2.6m $4.2m $12.5m $16.1m 29% NPAT $15.1m $39.7m $5.3m $10.9m $23.1m 113% Change in prop value $16.5m $35.3m $2.3m $7.4m $23.9m…
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NZSA Disclaimer I was pleased to host this recent webinar on behalf of the New Zealand Shareholders’ Association (NZSA). Jane Diplock is the former Chair of the New Zealand Securities Commission, and a current board member of both the Global Reporting Initiative (GRI) and the World Benchmarking Alliance (WBA). She offered webinar participants a unique…
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Annual Meeting Report, June 27th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 (re-stated) 2025 Change Revenue $91.6m $114.9m $174.9m $182m $194.4m 7% Operating Expense $60.9m $93.9m $129.7m $128.7m $134.8m 5% Operating Margin 18% 26% 29% 31% 5% EBITDA $30.7m $21.0m $45.2m $53.3m $59.6m 12% NPAT $2.0m -$9.6m…
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NZSA Disclaimer If there are two words that Fletcher Building investors never want to hear again, it is “significant items”. That won’t happen in FY25. The company had already booked impairments (Iplex) and a loss on disposal (TradeLink) at the half-year, back in February, totalling approximately $251m, followed by a further $12m – $15m earlier…
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NZSA Disclaimer There’s always plenty to say on environmental sustainability and its relationship to financial returns. On one hand, evidence tells us that increasingly, investors are wanting to ensure that their investments are not under any undue risks as a result of environmental sustainability issues. Most also want to ensure that they are supporting businesses…
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NZSA Company Visit to Precinct Properties Limited 18 March 2025 CEO Scott Pritchard’s presentation to NZSA members on our company visit to Precinct was so packed full of impressive facts and figures on Precinct’s performance that several attendees asked for copies of the presentation after the meeting finished. Feedback afterwards indicated that NZSA members who…
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Annual Meeting Report, May 30th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $335.2m $365.6m $365.6m $340.8m $350.6m 1% EBITDA $60.9m $52.5m $64.2m $54.6m $50.1m -8% NPAT $14.2m $34.4m $22.7m $12.2m -$16.0m n/a EPS1 $0.072 $0.174 $0.115 $0.066 -$0.085 n/a PE Ratio 19 5 10 13…
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Annual Meeting Report, May 23rd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 (restated) 2022 2023 2024 Change Revenue2 $245.7m $3.1m $88.2m $130.7m $139.8m 7% EBITDA2 $50.4m -$2.8m $57.5m $87.2m $95.1m 9% NPAT -$198.3m -$552.6m $11.9m $27.6m $13.9m -40% EPS1 -$0.63 -$1.49 $0.032 $0.064 $.034 -44% PE Ratio n/a n/a 47…
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