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	120.12	108.39	95.73	87.96
Revenue	128.95	120.12	108.39	95.73	87.96
Revenue Growth (YoY)	7.35%	10.83%	13.23%	8.83%	12.15%
Cost of Revenue	73.97	70.99	66.73	57.7	50.79
Gross Profit	54.98	49.14	41.65	38.02	37.17
Selling, General & Admin	1.4	1.52	1.67	1.42	1.39
Operating Expenses	20.68	19.49	18.44	15.28	11.79
Operating Income	34.3	29.65	23.22	22.75	25.38
Interest Expense	-5.2	-5.87	-5.64	-3.19	-2.85
Interest & Investment Income	1.65	2.34	2.19	1.2	0.4
Earnings From Equity Investments	0.32	0.57	1.03	0.15	-
Currency Exchange Gain (Loss)	0.14	-0.01	0.02	0.15	-0.05
EBT Excluding Unusual Items	31.22	26.67	20.82	21.05	22.87
Merger & Restructuring Charges	-1.89	-1.07	-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	32.76	19.21	19.52	21.37
Income Tax Expense	7.84	7.73	5.65	5.36	6.36
Earnings From Continuing Operations	21.48	25.03	13.55	14.16	15.02
Net Income	21.48	25.03	13.55	14.16	15.02
Net Income to Common	21.48	25.03	13.55	14.16	15.02
Net Income Growth	-14.21%	84.69%	-4.27%	-5.70%	-14.62%
Shares Outstanding (Basic)	328	326	322	307	280
Shares Outstanding (Diluted)	333	331	326	312	285
Shares Change (YoY)	0.57%	1.40%	4.57%	9.67%	1.57%
EPS (Basic)	0.07	0.08	0.04	0.05	0.05
EPS (Diluted)	0.06	0.08	0.04	0.04	0.05
EPS Growth	-14.68%	80.00%	-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	0.063	0.061	0.061	0.061	0.061
Dividend Growth	3.28%	-	-	-	-
Gross Margin	42.63%	40.90%	38.43%	39.72%	42.26%
Operating Margin	26.60%	24.68%	21.42%	23.76%	28.85%
Profit Margin	16.65%	20.84%	12.50%	14.79%	17.07%
Free Cash Flow Margin	30.20%	27.56%	30.86%	19.16%	24.92%
EBITDA	40.33	35.59	28.05	25.86	27.29
EBITDA Margin	31.28%	29.63%	25.88%	27.01%	31.03%
D&A For EBITDA	6.03	5.94	4.83	3.11	1.92
EBIT	34.3	29.65	23.22	22.75	25.38
EBIT Margin	26.60%	24.68%	21.42%	23.76%	28.85%
Effective Tax Rate	26.74%	23.60%	29.43%	27.45%	29.74%

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