NZX Limited 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	128.95	120.76	108.39	95.73	87.96
Revenue	128.95	120.76	108.39	95.73	87.96
Revenue Growth (YoY)	6.78%	11.41%	13.23%	8.83%	12.15%
Cost of Revenue	77.26	71.32	66.73	57.7	50.79
Gross Profit	51.69	49.44	41.65	38.02	37.17
Selling, General & Admin	-	1.52	1.67	1.42	1.39
Operating Expenses	19.27	19.49	18.44	15.28	11.79
Operating Income	32.42	29.95	23.22	22.75	25.38
Interest Expense	-	-5.87	-5.64	-3.19	-2.85
Interest & Investment Income	-	2.34	2.19	1.2	0.4
Earnings From Equity Investments	0.32	0.57	1.03	0.15	-
Currency Exchange Gain (Loss)	-	-0.01	0.02	0.15	-0.05
Other Non Operating Income (Expenses)	-3.41	-	-	-	-
EBT Excluding Unusual Items	29.33	26.97	20.82	21.05	22.87
Merger & Restructuring Charges	-	-0.74	-1.09	-1.54	-1.35
Impairment of Goodwill	-	-3.7	-	-	-
Gain (Loss) on Sale of Assets	-0.17	-0.01	-0.01	0	-0.15
Other Unusual Items	0.15	10.87	-0.52	-	-
Pretax Income	29.31	33.4	19.21	19.52	21.37
Income Tax Expense	7.84	7.91	5.65	5.36	6.36
Earnings From Continuing Operations	21.48	25.49	13.55	14.16	15.02
Net Income	21.48	25.49	13.55	14.16	15.02
Net Income to Common	21.48	25.49	13.55	14.16	15.02
Net Income Growth	-15.75%	88.06%	-4.27%	-5.70%	-14.62%
Shares Outstanding (Basic)	330	326	322	307	280
Shares Outstanding (Diluted)	330	331	326	312	285
Shares Change (YoY)	-0.18%	1.40%	4.57%	9.67%	1.57%
EPS (Basic)	0.07	0.08	0.04	0.05	0.05
EPS (Diluted)	0.07	0.08	0.04	0.04	0.05
EPS Growth	-15.58%	83.33%	-6.67%	-15.09%	-15.87%
Free Cash Flow	38.94	33.11	33.45	18.34	21.92
Free Cash Flow Per Share	0.12	0.10	0.10	0.06	0.08
Dividend Per Share	-	0.061	0.061	0.061	0.061
Gross Margin	40.09%	40.94%	38.43%	39.72%	42.26%
Operating Margin	25.14%	24.80%	21.42%	23.76%	28.85%
Profit Margin	16.65%	21.11%	12.50%	14.79%	17.07%
Free Cash Flow Margin	30.20%	27.42%	30.86%	19.16%	24.92%
EBITDA	51.69	35.89	28.05	25.86	27.29
EBITDA Margin	40.09%	29.72%	25.88%	27.01%	31.03%
D&A For EBITDA	19.27	5.94	4.83	3.11	1.92
EBIT	32.42	29.95	23.22	22.75	25.38
EBIT Margin	25.14%	24.80%	21.42%	23.76%	28.85%
Effective Tax Rate	26.74%	23.68%	29.43%	27.45%	29.74%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.