Also trades as: AIZ.AX (ASX) · $vol 0M · ANZFF (OTC) · $vol 0M · ANZLY (OTC) · $vol 0M

NZ$0.39 ($0.22)

-0.00 (-0.00%)

Weekly Expected Move ±5.9%

NZ$0 NZ$0 NZ$0 NZ$0 NZ$0

NZE · Industrials · Airlines, Airports & Air Services · Tech Score Neutral · Power 49 · NZ$1.3B mcap · 1.59B float · 0.077% daily turnover

Revenue

$7.0B +3.9% ▲

5Y CAGR: +22.8%

Gross Profit

$572M -89.1% ▼

5Y CAGR: -23.7%

Operating Income

-$250M -243.7% ▼

Net Income

-$242M -292.1% ▼

EPS (Diluted)

$-0.07 -301.1% ▼

EBITDA

$518M -51.4% ▼

5Y CAGR: +8.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$2.7B	$6.2B	$6.8B	$6.8B	$7.0B
YoY Growth	+8.6%	+127.9%	+8.3%	+0.0%	+3.9%
Cost of Revenue	$560M	$5.1B	$5.7B	$1.5B	$6.4B
Gross Profit	$2.2B	$1.2B	$1.0B	$5.3B	$572M
Gross Margin	79.5%	18.8%	15.1%	78.0%	8.2%
R&D Expenses	$46M	$42M	$39M	$41M	$0
SG&A Expenses	$1.1B	$685M	$2.0B	$2.0B	$822M
Operating Expenses	$414M	$685M	$791M	$5.1B	$822M
Operating Income	-$1.1B	$487M	$228M	$174M	-$250M
Operating Margin	-41.0%	7.8%	3.4%	2.6%	-3.6%
Interest Expense	$94M	$164M	$186M	$149M	$144M
Income Before Tax	-$810M	$574M	$222M	$189M	-$336M
Tax Expense	-$219M	$162M	$76M	$63M	-$94M
Net Income	-$591M	$412M	$146M	$126M	-$242M
Net Margin	-21.6%	6.6%	2.2%	1.9%	-3.4%
EPS (Diluted)	$-0.41	$0.12	$0.04	$0.04	$-0.07
EBITDA	-$107M	$1.4B	$1.1B	$1.1B	$518M
Shares Outstanding	1.45B	3.38B	3.37B	3.41B	3.25B

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$3.0B	$3.2B	$3.5B	$3.3B	$3.4B	$3.4B	$3.4B	$3.6B
Cost of Revenue	$2.5B	$2.6B	$2.9B	$2.8B	$2.9B	$2.6B	$3.1B	$3.4B
Gross Profit	$521M	$651M	$561M	$458M	$535M	$760M	$372M	$200M
Gross Margin	17.4%	20.1%	16.1%	14.0%	15.7%	22.7%	10.8%	5.6%
R&D Expenses	$0	$21M	$0	$39M	$0	$41M	$0	$0
SG&A Expenses	$310M	$375M	$387M	$173M	$371M	$185M	$399M	$423M
Operating Expenses	$310M	$375M	$387M	$404M	$371M	$362M	$399M	$423M
Operating Income	$211M	$276M	$174M	$54M	$164M	$398M	-$27M	-$223M
Operating Margin	7.0%	8.5%	5.0%	1.6%	4.8%	11.9%	-0.8%	-6.2%
Interest Expense	$66M	$98M	$97M	$86M	$81M	$68M	$70M	$74M
Income Before Tax	$281M	$254M	$165M	$37M	$155M	$34M	-$59M	-$277M
Tax Expense	$86M	$76M	$56M	$20M	$49M	$14M	-$19M	-$75M
Net Income	$213M	$199M	$129M	$17M	$106M	$20M	-$40M	-$202M
Net Margin	7.1%	6.1%	3.7%	0.5%	3.1%	0.6%	-1.2%	-5.7%
EPS (Diluted)	$0.06	$0.06	$0.04	$0.01	$0.03	$0.01	$-0.01	$-0.06
EBITDA	$702M	$692M	$631M	$460M	$585M	$23M	$346M	$172M
Shares Outstanding	3.37B	3.39B	3.37B	3.37B	3.37B	3.31B	3.23B	3.23B

AIR.NZ NZE