NZX Limited Ratios and Metrics

Market cap in millions NZD. Fiscal year is January - December.

Millions NZD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 28, 2026	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
Market Capitalization	458	513	477	353	381	508
Market Cap Growth	-5.24%	7.34%	35.11%	-7.20%	-25.05%	-6.76%
Enterprise Value	507	579	547	423	417	532
Last Close Price	1.39	1.52	1.35	0.95	0.99	1.38
PE Ratio	21.55	23.87	19.07	26.07	26.89	33.84
Forward PE	19.55	22.38	24.75	22.61	22.08	30.99
PS Ratio	3.55	3.98	3.98	3.26	3.98	5.78
PB Ratio	3.75	4.20	3.99	3.01	3.41	7.20
P/TBV Ratio	-	-	-	-	29.54	-
P/FCF Ratio	11.75	13.16	14.42	10.57	20.76	23.18
P/OCF Ratio	11.59	12.98	13.30	10.26	16.25	18.55
PEG Ratio	1.57	1.38	1.36	1.99	10.52	2.41
EV/Sales Ratio	3.93	4.49	4.55	3.90	4.36	6.05
EV/EBITDA Ratio	11.98	14.36	15.36	15.08	16.12	19.49
EV/EBIT Ratio	14.64	16.88	18.44	18.22	18.33	20.96
EV/FCF Ratio	13.01	14.87	16.51	12.65	22.73	24.27
Debt / Equity Ratio	0.66	0.66	0.68	0.70	0.54	0.74
Debt / EBITDA Ratio	1.93	1.93	2.18	2.76	2.22	1.83
Debt / FCF Ratio	2.08	2.08	2.45	2.46	3.31	2.40
Net Debt / Equity Ratio	0.40	0.40	0.44	0.49	0.36	0.33
Net Debt / EBITDA Ratio	1.22	1.22	1.47	2.06	1.55	0.86
Net Debt / FCF Ratio	1.26	1.26	1.58	1.72	2.19	1.07
Asset Turnover	0.46	0.46	0.43	0.43	0.46	0.41
Quick Ratio	0.67	0.67	0.61	0.57	0.34	0.68
Current Ratio	1.38	1.38	1.38	1.30	0.90	1.61
Return on Equity (ROE)	17.76%	17.76%	21.12%	11.83%	15.53%	21.72%
Return on Assets (ROA)	7.66%	7.66%	6.63%	5.69%	6.87%	7.42%
Return on Invested Capital (ROIC)	14.67%	14.64%	13.05%	10.03%	13.42%	20.38%
Return on Capital Employed (ROCE)	16.60%	16.60%	13.90%	10.90%	16.80%	20.20%
Earnings Yield	4.69%	4.19%	5.24%	3.84%	3.72%	2.96%
FCF Yield	8.51%	7.60%	6.93%	9.46%	4.82%	4.31%
Dividend Yield	4.50%	4.16%	4.51%	6.44%	6.17%	4.43%
Payout Ratio	93.32%	93.32%	67.97%	123.51%	114.32%	87.15%
Buyback Yield / Dilution	-0.57%	-0.57%	-1.40%	-4.57%	-9.67%	-1.57%
Total Shareholder Return	3.93%	3.58%	3.12%	1.87%	-3.50%	2.85%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.