Balance Sheet Fletcher Building Limited

Equities

FBU

NZFBUE0001S0

Construction Supplies & Fixtures

End-of-day quote New Zealand S.E. Other stock markets 17/03/2026			5-day change	1st Jan Change
3.380 ^NZD	-0.59%		+0.90%	-8.15%

03-11	NZX Midday Sector Update: Non-Energy Mineral Stocks Jump, Industrial Services Struggle	MT
03-09	NZX Midday Sector Update: Commercial Services Advance, Non-Energy Minerals Decline	MT

e0.Ac9IFh4hqRCRh4JF1hWwCMjj-xJBm_hvj677n_2Izd0.NZ0OYX0Xzj3J9esfjyzee6S21mAS44E67p2I76rpgLluoS0nRBnFZaTI4Q

Published financial data: FLETCHER BUILDING LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	8.12B	8.5B	8.47B	7.68B	6.99B
Total Revenues	8.12B	8.5B	8.47B	7.68B	6.99B
Cost of Goods Sold, Total	5.78B	5.99B	5.84B	5.52B	5.04B
Gross Profit	2.34B	2.51B	2.63B	2.16B	1.95B
Selling General & Admin Expenses, Total	1.69B	1.79B	1.88B	1.66B	1.58B
Other Operating Expenses	-	-	-	-	-6M
Other Operating Expenses, Total	1.69B	1.79B	1.88B	1.66B	1.57B
Operating Income	650M	723M	748M	497M	380M
Interest Expense, Total	-124M	-117M	-181M	-232M	-160M
Interest And Investment Income	22M	23M	39M	54M	6M
Net Interest Expenses	-102M	-94M	-142M	-178M	-154M
Income (Loss) On Equity Invest.	19M	24M	34M	10M	10M
Other Non Operating Income (Expenses)	-6M	-10M	-12M	-22M	-16M
EBT, Excl. Unusual Items	561M	643M	628M	307M	220M
Restructuring Charges	-48M	-11M	-	-	-206M
Merger & Related Restructuring Charges	-	-1M	-3M	-	-
Impairment of Goodwill	-	-	-	-90M	-194M
Gain (Loss) On Sale Of Assets	-	-	-	-	-1M
Asset Writedown	-	9M	16M	-38M	-8M
Insurance Settlements	-	-	-	10M	-
Legal Settlements	-	-	-	-	-12M
Other Unusual Items	-80M	-42M	-298M	-213M	-231M
EBT, Incl. Unusual Items	433M	598M	343M	-24M	-432M
Income Tax Expense	116M	159M	89M	55M	-67M
Earnings From Continuing Operations	317M	439M	254M	-79M	-365M
Earnings Of Discontinued Operations	-	-	-	-141M	-52M
Net Income to Company	317M	439M	254M	-220M	-417M
Minority Interest	-12M	-7M	-19M	-7M	-2M
Net Income - (IS)	305M	432M	235M	-227M	-419M
Net Income to Common Incl Extra Items	305M	432M	235M	-227M	-419M
Net Income to Common Excl. Extra Items	305M	432M	235M	-86M	-367M
Per Share Items
Net EPS - Basic	0.37	0.54	0.3	-0.29	-0.41
Basic EPS - Continuing Operations	0.37	0.54	0.3	-0.11	-0.36
Basic Weighted Average Shares Outstanding	824M	807M	783M	783M	1.01B
Net EPS - Diluted	0.36	0.5	0.28	-0.29	-0.41
Diluted EPS - Continuing Operations	0.36	0.5	0.28	-0.11	-0.36
Diluted Weighted Average Shares Outstanding	867M	880M	848M	783M	1.01B
Normalized Basic EPS	0.41	0.49	0.48	0.24	0.13
Normalized Diluted EPS	0.39	0.45	0.44	0.24	0.13
Dividend Per Share	0.3	0.4	0.34	-	-
Payout Ratio	32.46	67.59	132.34	-54.63	-
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	831M	888M	912M	670M	551M
EBITA	674M	741M	764M	513M	397M
EBIT	650M	723M	748M	497M	380M
EBITDAR	-	941M	971M	727M	604M
Effective Tax Rate - (Ratio)	26.79	26.59	25.95	-229.17	15.51
Total Current Taxes	130M	163M	130M	-	-
Total Deferred Taxes	-14M	-4M	-41M	-	-
Normalized Net Income	339M	395M	374M	185M	136M
Interest Capitalized	-	-	4.8M	13M	13M
Interest on Long-Term Debt	64M	58M	60M	58M	70M
Non-Cash Pension Expense	0	2M	2M	-4M	-7M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	-	-	-	-	588M
Research And Development Expense From Footnotes	2M	2M	5M	3M	2M
Net Rental Expense, Total	-	53M	59M	57M	53M
Imputed Operating Lease Interest Expense	-	18.9M	28.78M	32.18M	23.61M
Imputed Operating Lease Depreciation	-	34.1M	30.22M	24.82M	29.39M
Maintenance & Repair Expenses, Total	151M	154M	158M	168M	161M
Stock-Based Comp., Other (Total)	6M	9M	11M	7M	-2M
Total Stock-Based Compensation	6M	9M	11M	7M	-2M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	666M	351M	365M	311M	139M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	666M	351M	365M	311M	139M
Accounts Receivable, Total	938M	1.05B	1.16B	943M	774M
Other Receivables	241M	349M	166M	141M	154M
Total Receivables	1.18B	1.4B	1.32B	1.08B	928M
Inventory	1.19B	1.51B	1.62B	1.28B	1.32B
Other Current Assets, Total	94M	17M	18M	517M	8M
Total Current Assets	3.12B	3.28B	3.33B	3.19B	2.4B
Gross Property Plant And Equipment	4.66B	4.95B	5.26B	5.18B	5.41B
Accumulated Depreciation	-1.68B	-1.8B	-1.86B	-1.8B	-1.94B
Net Property Plant And Equipment	2.98B	3.15B	3.4B	3.38B	3.47B
Long-term Investments	173M	195M	225M	221M	218M
Goodwill	706M	717M	823M	643M	445M
Other Intangibles, Total	414M	399M	430M	412M	258M
Deferred Tax Assets Long-Term	224M	209M	193M	136M	209M
Other Long-Term Assets, Total	390M	473M	684M	892M	899M
Total Assets	8.01B	8.42B	9.08B	8.87B	7.9B
Liabilities
Accounts Payable, Total	729M	791M	772M	-	469M
Accrued Expenses, Total	26M	24M	25M	-	24M
Current Portion of Long-Term Debt	106M	64M	88M	86M	60M
Current Portion of Leases	178M	185M	192M	164M	172M
Current Income Taxes Payable	-	107M	-	-	-
Unearned Revenue Current, Total	87M	112M	82M	166M	56M
Other Current Liabilities	780M	874M	1.04B	1.67B	975M
Total Current Liabilities	1.91B	2.16B	2.2B	2.09B	1.76B
Long-Term Debt	751M	976M	1.72B	2.02B	1.11B
Long-Term Leases	1.52B	1.47B	1.4B	1.27B	1.32B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	63M	53M	84M	164M	98M
Total Liabilities	4.24B	4.66B	5.4B	5.55B	4.29B
Common Stock, Total	3.28B	3B	2.99B	3B	3.68B
Retained Earnings	598M	705M	634M	288M	-125M
Treasury Stock	-30M	-	-	-	-
Comprehensive Income and Other	-91M	42M	23M	34M	47M
Total Common Equity	3.76B	3.75B	3.65B	3.32B	3.6B
Minority Interest	16M	15M	27M	11M	5M
Total Equity	3.77B	3.76B	3.68B	3.33B	3.61B
Total Liabilities And Equity	8.01B	8.42B	9.08B	8.87B	7.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	817M	778M	776M	777M	1.07B
ECS Total Common Shares Outstanding	817M	778M	776M	777M	1.07B
Book Value / Share	4.6	4.82	4.7	4.27	3.36
Tangible Book Value	2.64B	2.63B	2.4B	2.26B	2.9B
Tangible Book Value Per Share	3.23	3.39	3.09	2.91	2.71
Total Debt	2.55B	2.7B	3.4B	3.54B	2.67B
Net Debt	1.89B	2.34B	3.03B	3.23B	2.53B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-108M	-124M	-126M	-152M	-150M
Debt Equivalent Oper. Leases	-	424M	472M	456M	424M
Minority Interest, Total (Incl. Fin. Div)	16M	15M	27M	11M	5M
Equity Method Investments, Total	173M	195M	225M	221M	218M
Account Code - Inventory Valuation	8	5	5	6	5
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	166M	187M	242M	260M	189M
Buildings, Total	318M	386M	448M	464M	529M
Machinery, Total	2.67B	2.88B	3.1B	3.1B	3.26B
Full Time Employees	14.5K	14.7K	14.9K	12.5K	12.5K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	18M	20M	20M	15M	16M
Order Backlog	2.94B	3.22B	2.82B	1.84B	1.61B

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	305M	432M	235M	-227M	-419M
Depreciation & Amortization - CF	339M	332M	342M	357M	343M
Amortization of Goodwill and Intangible Assets - (CF)	24M	18M	16M	16M	17M
Depreciation & Amortization, Total	363M	350M	358M	373M	360M
Minority Interest in Earnings - (CF)	12M	7M	19M	7M	2M
(Gain) Loss From Sale Of Asset	3M	45M	-	3M	61M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Other Operating Activities, Total	204M	119M	109M	464M	679M
Change In Accounts Receivable	-62M	-48M	34M	151M	-7M
Change In Inventories	-22M	-239M	21M	64M	18M
Change In Accounts Payable	160M	84M	-96M	-158M	-90M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-74M	-158M	-292M	-279M	-103M
Cash from Operations	889M	592M	388M	398M	501M
Capital Expenditure	-231M	-399M	-445M	-402M	-296M
Sale of Property, Plant, and Equipment	20M	7M	6M	7M	56M
Cash Acquisitions	-	-	-183M	-11M	-
Divestitures	-	51M	-	-	174M
Sale (Purchase) of Real Estate properties	-	-5M	-19M	-20M	-12M
Investment in Marketable and Equity Securities, Total	-	-10M	-	-	-4M
Other Investing Activities, Total	-	-	-	-	21M
Cash from Investing	-211M	-356M	-641M	-426M	-61M
Long-Term Debt Issued, Total	142M	270M	824M	952M	-
Total Debt Issued	142M	270M	824M	952M	-
Long-Term Debt Repaid, Total	-1.09B	-290M	-255M	-852M	-1.14B
Total Debt Repaid	-1.09B	-290M	-255M	-852M	-1.14B
Issuance of Common Stock	-	-	-	-	679M
Repurchase of Common Stock	-35M	-250M	-13M	-	-
Common Dividends Paid	-99M	-292M	-311M	-124M	-
Common & Preferred Stock Dividends Paid	-99M	-292M	-311M	-124M	-
Other Financing Activities, Total	-31M	5M	24M	-2M	-154M
Cash from Financing	-1.11B	-557M	269M	-26M	-612M
Foreign Exchange Rate Adjustments	-5M	6M	-2M	-	-
Net Change in Cash	-438M	-315M	14M	-54M	-172M
Supplemental Items
Cash Interest Paid	116M	101M	152M	200M	72M
Cash Income Tax Paid (Refund)	3M	13M	191M	15M	-
Levered Free Cash Flow	718M	158M	252M	149M	506M
Unlevered Free Cash Flow	795M	231M	366M	294M	606M
Change In Net Working Capital	-251M	181M	26M	-5M	-307M
Net Debt Issued / Repaid	-946M	-20M	569M	100M	-1.14B

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.84	5.51	5.34	3.46	2.83
Return on Total Capital	6.08	7.09	6.91	4.45	3.61
Return On Equity %	8.68	11.71	6.83	-2.26	-10.53
Return on Common Equity	8.41	11.57	6.35	-2.47	-10.61
Margin Analysis
Gross Profit Margin %	28.84	29.52	31.07	28.14	27.88
SG&A Margin	20.84	21.02	22.23	21.67	22.53
EBITDA Margin %	10.23	10.45	10.77	8.72	7.88
EBITA Margin %	8.3	8.72	9.02	6.68	5.68
EBIT Margin %	8	8.51	8.83	6.47	5.43
Income From Continuing Operations Margin %	3.9	5.17	3	-1.03	-5.22
Net Income Margin %	3.76	5.08	2.77	-2.95	-5.99
Net Avail. For Common Margin %	3.76	5.08	2.77	-1.12	-5.25
Normalized Net Income Margin	4.17	4.65	4.41	2.41	1.94
Levered Free Cash Flow Margin	8.84	1.86	2.98	1.93	7.24
Unlevered Free Cash Flow Margin	9.79	2.72	4.32	3.82	8.67
Asset Turnover
Asset Turnover	0.97	1.04	0.97	0.86	0.83
Fixed Assets Turnover	2.73	2.77	2.59	2.27	2.04
Receivables Turnover (Average Receivables)	8.86	8.54	7.46	7.32	8.15
Inventory Turnover (Average Inventory)	4.81	4.45	3.73	3.81	3.88
Short Term Liquidity
Current Ratio	1.64	1.52	1.51	1.53	1.37
Quick Ratio	0.97	0.81	0.77	0.67	0.61
Operating Cash Flow to Current Liabilities	0.47	0.27	0.18	0.19	0.29
Days Sales Outstanding (Average Receivables)	41.17	42.76	48.92	50.02	44.8
Days Outstanding Inventory (Average Inventory)	75.84	82.06	97.88	96.12	94.11
Average Days Payable Outstanding	42.47	43.96	47.9	-	35.8
Cash Conversion Cycle (Average Days)	74.54	80.86	98.89	-	103.11
Long Term Solvency
Total Debt/Equity	67.73	71.58	92.44	106.49	74
Total Debt / Total Capital	40.38	41.72	48.04	51.57	42.53
LT Debt/Equity	60.2	64.97	84.82	98.98	67.56
Long-Term Debt / Total Capital	35.89	37.86	44.08	47.93	38.83
Total Liabilities / Total Assets	52.92	55.29	59.51	62.5	54.33
EBIT / Interest Expense	5.24	6.18	4.13	2.14	2.38
EBITDA / Interest Expense	8.17	9.17	6.11	3.75	4.62
(EBITDA - Capex) / Interest Expense	6.31	5.76	3.65	2.02	2.78
Total Debt / EBITDA	2.52	2.51	3.07	4.07	3.61
Net Debt / EBITDA	1.86	2.18	2.74	3.72	3.42
Total Debt / (EBITDA - Capex)	3.27	4	5.14	7.57	6.01
Net Debt / (EBITDA - Capex)	2.41	3.48	4.59	6.91	5.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.1	4.66	-0.34	0.05	-8.97
Gross Profit, 1 Yr. Growth %	29.18	7.13	4.86	-9.8	-9.72
EBITDA, 1 Yr. Growth %	145.86	8.16	2.7	-25.47	-18.13
EBITA, 1 Yr. Growth %	280.79	11.6	3.1	-31.69	-23.06
EBIT, 1 Yr. Growth %	324.84	11.4	3.46	-32.38	-24
Earnings From Cont. Operations, 1 Yr. Growth %	-272.28	38.49	-42.14	-131.73	362.03
Net Income, 1 Yr. Growth %	-255.61	41.64	-45.6	-196.6	84.58
Normalized Net Income, 1 Yr. Growth %	-6.71K	16.83	-5.41	-50	-30.02
Diluted EPS Before Extra, 1 Yr. Growth %	-255.1	38.12	-43.55	-139.53	245.02
Accounts Receivable, 1 Yr. Growth %	4.92	12.26	3.95	-18.5	-17.92
Inventory, 1 Yr. Growth %	-2.39	27.07	7.76	-21.43	3.84
Net Property, Plant and Equip., 1 Yr. Growth %	0.34	5.81	7.78	-0.41	2.09
Total Assets, 1 Yr. Growth %	-8.75	5.61	7.84	-2.28	-10.95
Tangible Book Value, 1 Yr. Growth %	11.32	-0.57	-9	-5.63	26.98
Common Equity, 1 Yr. Growth %	7.29	0.83	-2.67	-9.12	8.59
Cash From Operations, 1 Yr. Growth %	116.83	-32.65	-34.46	2.58	-14.8
Capital Expenditures, 1 Yr. Growth %	-3.75	80.54	11.53	-9.66	-23.91
Levered Free Cash Flow, 1 Yr. Growth %	1.27K	-78.12	59.98	-40.22	167.81
Unlevered Free Cash Flow, 1 Yr. Growth %	386.02	-71.09	58.31	-17.84	99.84
Dividend Per Share, 1 Yr. Growth %	-	33.33	-15	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.14	7.83	2.13	-4.92	-4.56
Gross Profit, 2 Yr. CAGR %	1.28	17.64	5.99	-7.17	-9.8
EBITDA, 2 Yr. CAGR %	6.4	62.09	5.4	-13.14	-21.71
EBITA, 2 Yr. CAGR %	10.3	104.61	7.27	-16.8	-27.29
EBIT, 2 Yr. CAGR %	10.22	117.38	7.36	-17.09	-28.1
Earnings From Cont. Operations, 2 Yr. CAGR %	10.63	54.46	-10.49	-57.58	21.07
Net Income, 2 Yr. CAGR %	36.37	48.46	-12.22	-27.51	33.53
Normalized Net Income, 2 Yr. CAGR %	14.65	777.77	5.12	-31.58	-39.46
Diluted EPS Before Extra, 2 Yr. CAGR %	14.8	46.36	-11.7	-53.25	14.1
Accounts Receivable, 2 Yr. CAGR %	-8.07	8.53	11.06	-7.95	-18.21
Inventory, 2 Yr. CAGR %	-5.92	11.37	17.02	-7.98	-9.67
Net Property, Plant and Equip., 2 Yr. CAGR %	30.3	3.04	6.79	3.6	1.07
Total Assets, 2 Yr. CAGR %	1.93	-2.05	6.72	2.65	-6.74
Tangible Book Value, 2 Yr. CAGR %	-6.47	5.49	-4.88	-7.33	9.97
Common Equity, 2 Yr. CAGR %	-4.77	3.51	-0.93	-5.95	-0.66
Cash From Operations, 2 Yr. CAGR %	141.05	20.16	-33.56	-18.01	13.63
Capital Expenditures, 2 Yr. CAGR %	-18.53	28.94	41.9	0.38	-18.44
Levered Free Cash Flow, 2 Yr. CAGR %	100.74	73.55	-40.84	-2.94	42.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	70.25	18.79	-32.35	12.77	30.27
Dividend Per Share, 2 Yr. CAGR %	14.21	-	6.46	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.37	0.76	5.03	-1.83	-6.29
Gross Profit, 3 Yr. CAGR %	12.61	3.2	13.22	-2.63	-8.06
EBITDA, 3 Yr. CAGR %	72.11	6.55	39.22	-6.55	-14.71
EBITA, 3 Yr. CAGR %	199.85	10.18	62.82	-8.24	-18.78
EBIT, 3 Yr. CAGR %	133.59	10.56	69.72	-8.51	-19.3
Earnings From Cont. Operations, 3 Yr. CAGR %	11.61	19.23	11.35	-37.07	-5.97
Net Income, 3 Yr. CAGR %	17.09	38.11	6.24	-9.38	-1.01
Normalized Net Income, 3 Yr. CAGR %	39.03	15.3	317.7	-18.22	-29.99
Diluted EPS Before Extra, 3 Yr. CAGR %	4.32	22.1	6.54	-32.92	-10.39
Accounts Receivable, 3 Yr. CAGR %	-12.27	-1.74	8.98	0.18	-11.4
Inventory, 3 Yr. CAGR %	-8.71	3.99	10.15	2.47	-4.2
Net Property, Plant and Equip., 3 Yr. CAGR %	10.11	21.56	4.59	4.33	3.26
Total Assets, 3 Yr. CAGR %	-2.13	2.98	1.14	3.63	-2.11
Tangible Book Value, 3 Yr. CAGR %	2.85	-4.37	0.42	-5.13	3.25
Common Equity, 3 Yr. CAGR %	-3.03	-3.25	1.41	-3.74	-1.33
Cash From Operations, 3 Yr. CAGR %	30.94	56.99	-1.82	-23.21	-5.41
Capital Expenditures, 3 Yr. CAGR %	-8.75	4.66	22.85	22.07	-9.47
Levered Free Cash Flow, 3 Yr. CAGR %	71.47	-3.97	68.9	-40.93	47.53
Unlevered Free Cash Flow, 3 Yr. CAGR %	46.85	-5.59	30.72	-28.36	37.98
Dividend Per Share, 3 Yr. CAGR %	-	20.26	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.05	-2	0.62	-1.55	-0.88
Gross Profit, 5 Yr. CAGR %	0.92	3.82	9.91	-1.08	1.47
EBITDA, 5 Yr. CAGR %	-0.73	4.87	41.11	-1.81	10.27
EBITA, 5 Yr. CAGR %	-0.24	7.59	98.17	-1.53	17.53
EBIT, 5 Yr. CAGR %	-0.54	7.78	71.11	-1.46	19.96
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.69	33.12	2.18	-21.14	14.68
Net Income, 5 Yr. CAGR %	-7.97	35.67	4.34	6.72	16.41
Normalized Net Income, 5 Yr. CAGR %	0.01	10.05	24.28	-6.42	92.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-11.02	30.11	-2.41	-16.84	9.04
Accounts Receivable, 5 Yr. CAGR %	-4.11	-4.52	-3.59	-3.21	-2.84
Inventory, 5 Yr. CAGR %	-4.32	-1.82	0.82	-0.97	1.75
Net Property, Plant and Equip., 5 Yr. CAGR %	8.59	7.39	8.77	14.03	3.17
Total Assets, 5 Yr. CAGR %	1.97	1.88	1.22	2.85	-2.09
Tangible Book Value, 5 Yr. CAGR %	5.93	7.09	-0.21	-5.57	4.14
Common Equity, 5 Yr. CAGR %	0.34	1.07	-2.38	-4.34	0.58
Cash From Operations, 5 Yr. CAGR %	6.14	19.49	-0.41	21.07	4.09
Capital Expenditures, 5 Yr. CAGR %	-5.09	4.58	7.92	2.93	4.28
Levered Free Cash Flow, 5 Yr. CAGR %	13.14	15.84	12.13	-3.56	57.43
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.56	71.36	7.8	1.37	29.96
Dividend Per Share, 5 Yr. CAGR %	-5.11	0.51	-	-	-