New Zealand · Delayed Price · Currency is NZD Winton Land Earnings Call Transcripts
Fiscal Year 2026
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Revenue fell 60% year-over-year due to fewer residential settlements, but commercial revenue rose 67% on improved leasing and venue openings. Gross margin improved to 35%, and the net loss narrowed to NZD 0.9 million. The outlook remains cautious amid subdued market conditions.
Fiscal Year 2025
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The meeting reviewed a challenging year with lower revenue and profit, but highlighted progress on major projects and commercial growth. All board and auditor resolutions passed, and the Board signaled a cautious approach to dividends, pending market improvement.
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FY 2025 saw a 10.5% revenue decline and a 34.4% drop in net profit, with cautious capital allocation amid a subdued property market. Commercial revenue more than doubled, and key projects advanced, but no dividend was declared as the company awaits clearer market recovery signals.
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Revenue declined 5.3% year-over-year to NZD $81.1 million, with a net loss after tax of NZD $2 million amid challenging market conditions. The business maintained discipline, deferred major projects, and secured new debt facilities, positioning for a future market upturn.
Fiscal Year 2024
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The meeting reviewed a challenging FY 2024 with revenue and profit declines, highlighted major project milestones, and discussed ESG progress. Shareholders approved the election of a director and auditor fees, with Q&A addressing site and share price concerns.
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FY 2024 saw revenue and profit decline sharply amid tough market conditions, but development margins stayed strong and the pre-sale book remains robust. Major project progress, commercial growth, and disciplined capital management position the business for future recovery.