Channel Infrastructure NZ Income Statement

Financials in millions NZD. Fiscal year is January - December.

Millions NZD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	140.19	139.82	130.7	88.24	3.09
Revenue	140.19	139.82	130.7	88.24	3.09
Revenue Growth (YoY)	0.26%	6.98%	48.13%	2752.80%	-98.68%
Cost of Revenue	17.65	18.24	19.68	13.65	0.98
Gross Profit	122.54	121.58	111.02	74.59	2.11
Selling, General & Admin	29.18	26.5	23.86	17.14	4.86
Operating Expenses	74.25	65.16	59.27	41.75	5.98
Operating Income	48.3	56.42	51.75	32.84	-3.87
Interest Expense	-16.14	-18.98	-18.2	-9.95	-
Interest & Investment Income	0.12	0.23	0.29	0.18	0
Other Non Operating Income (Expenses)	-0.39	-1.23	0.29	-	-
EBT Excluding Unusual Items	31.89	36.44	34.13	23.08	-3.86
Pretax Income	31.89	36.44	34.13	23.08	-3.86
Income Tax Expense	10.95	10.49	6.48	6.52	-1.08
Earnings From Continuing Operations	20.94	25.95	27.65	16.55	-2.78
Earnings From Discontinued Operations	-9.15	-12.07	-3.58	-4.59	-549.85
Net Income to Company	11.79	13.89	24.06	11.96	-552.63
Net Income	11.79	13.89	24.06	11.96	-552.63
Net Income to Common	11.79	13.89	24.06	11.96	-552.63
Net Income Growth	-15.08%	-42.29%	101.20%	-	-
Shares Outstanding (Basic)	410	380	375	372	318
Shares Outstanding (Diluted)	410	380	375	372	318
Shares Change (YoY)	7.94%	1.47%	0.83%	16.95%	1.75%
EPS (Basic)	0.03	0.04	0.06	0.03	-1.74
EPS (Diluted)	0.03	0.04	0.06	0.03	-1.74
EPS Growth	-21.32%	-43.13%	99.56%	-	-
Free Cash Flow	24.24	12.27	-26.35	-73.27	1.25
Free Cash Flow Per Share	0.06	0.03	-0.07	-0.20	0.00
Dividend Per Share	0.130	0.110	0.105	0.050	-
Dividend Growth	18.18%	4.76%	110.00%	-	-
Gross Margin	87.41%	86.95%	84.94%	84.53%	68.22%
Operating Margin	34.45%	40.35%	39.59%	37.22%	-124.96%
Profit Margin	8.41%	9.93%	18.41%	13.55%	-17867.09%
Free Cash Flow Margin	17.29%	8.78%	-20.16%	-83.04%	40.35%
EBITDA	96.78	95	87.09	57.45	80.17
EBITDA Margin	69.03%	67.94%	66.63%	65.11%	2592.08%
D&A For EBITDA	48.48	38.58	35.34	24.61	84.04
EBIT	48.3	56.42	51.75	32.84	-3.87
EBIT Margin	34.45%	40.35%	39.59%	37.22%	-124.96%
Effective Tax Rate	34.34%	28.78%	19.00%	28.27%	-
Revenue as Reported	140.19	139.82	130.7	88.24	3.09

Source: S&P Global Market Intelligence. Standard template. Financial Sources.