Summerset Group Holdings 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	360.86	318.61	270.5	236.96	202.06
Other Revenue	-	-	-	1.34	3.24
Revenue	360.86	318.61	270.5	238.3	205.29
Revenue Growth (YoY)	13.26%	17.79%	13.51%	16.08%	19.10%
Cost of Revenue	328.63	284.15	247.98	211.8	178.75
Gross Profit	32.23	34.46	22.52	26.5	26.54
Selling, General & Admin	-	-	-	-	0.29
Operating Expenses	26.31	19.1	15.8	13.6	11.85
Operating Income	5.92	15.36	6.72	12.91	14.69
Interest Expense	-29.67	-13.51	-16.71	-28.78	-28.28
Interest & Investment Income	0.91	1.29	1.7	0.41	0.06
Other Non Operating Income (Expenses)	-2.37	-12.84	-10.78	11.82	16.24
EBT Excluding Unusual Items	-25.21	-9.7	-19.07	-3.64	2.71
Asset Writedown	266.33	357.58	430.56	268.76	540.93
Pretax Income	241.12	347.88	411.49	265.12	543.64
Income Tax Expense	-18.6	15.92	-13.84	-3.96	-0.03
Net Income	259.72	331.96	425.33	269.07	543.66
Net Income to Common	259.72	331.96	425.33	269.07	543.66
Net Income Growth	-21.76%	-21.95%	58.07%	-50.51%	135.58%
Shares Outstanding (Basic)	240	235	233	231	228
Shares Outstanding (Diluted)	241	236	233	231	230
Shares Change (YoY)	2.17%	1.05%	0.85%	0.74%	0.68%
EPS (Basic)	1.08	1.41	1.83	1.17	2.38
EPS (Diluted)	1.08	1.41	1.82	1.16	2.37
EPS Growth	-23.43%	-22.77%	56.74%	-50.87%	133.98%
Free Cash Flow	327.72	290.63	287.22	293.3	325.49
Free Cash Flow Per Share	1.36	1.23	1.23	1.27	1.42
Dividend Per Share	0.245	0.245	0.245	0.223	0.185
Dividend Growth	-	-	9.87%	20.54%	42.31%
Gross Margin	8.93%	10.82%	8.33%	11.12%	12.93%
Operating Margin	1.64%	4.82%	2.48%	5.42%	7.16%
Profit Margin	71.97%	104.19%	157.24%	112.91%	264.82%
Free Cash Flow Margin	90.82%	91.22%	106.18%	123.08%	158.55%
EBITDA	30.29	32.17	19.5	23.88	23.87
EBITDA Margin	8.39%	10.10%	7.21%	10.02%	11.63%
D&A For EBITDA	24.37	16.81	12.78	10.97	9.18
EBIT	5.92	15.36	6.72	12.91	14.69
EBIT Margin	1.64%	4.82%	2.48%	5.42%	7.16%
Effective Tax Rate	-	4.58%	-	-	-
Revenue as Reported	628.1	684.6	702.76	507.47	746.28

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