Fletcher building returns to profit after previous huge losses
New Zealand's Fletcher Building has returned to profitability with a net profit of $228 million after a significant loss the previous year. The company credits this turnaround to a strategic reset, including the sale of its construction division and a focus on manufacturing and distribution.
Why it matters
The recovery of a major national infrastructure supplier is a key indicator of the health of the New Zealand construction and manufacturing sectors.
<p>Fletcher Building is back in profit, returning to the black after taking a huge loss last year. </p> <p>The business, which is New Zealand's largest listed building products company, has posted a net profit of $228 million for the financial year ending in June. </p> <p>This was an improvement of $647 million from the previous financial year's net loss of $419 million. </p> <p>Underlying earnings (EBIT) were $414 million, up $85 million from the previous 12 months. </p> <p>For investors, earnings per share were 21.2 cents, up from the previous loss of 41.4 cents. </p> <p>Net cash from operating activities was up $501 million to $715 million. </p> <p>The company reported net debt of $637 million, down from $999 million at the end of the 2025 financial year. </p> <p>After last year's loss, Fletcher Building announced a reset aimed at cutting costs, simplifying its business, and reducing debt.
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