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How EROAD makes money — FY2025
Revenue $194.4m · EBITDA $59.6m (30.7% of revenue) · Net profit $1.4m (0.7% of revenue)
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $194.4m | Reported | |
| Operating expenses | −$134.8m | Reported | |
| EBITDA | $59.6m | Reported | |
| Depreciation & amortisation | −$52.7m | Reported | |
| EBIT | $6.9m | Derived * | Reported EBIT $5.9m does not reconcile to EBITDA − D&A. |
| Interest (net finance costs) | −$6.7m | Reported | |
| Income tax | — | Not reported | Included in the balancing item. |
| Tax and other items (net gain) | +$1.2m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $1.4m | Reported |
- * ebit: $6.9m = EBITDA − D&A (reported EBIT $5.9m differs; the gap falls into Other items)
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: EROAD Annual Report (PDF, NZX)
EROAD board of directors
7 current directors, average tenure 3.8 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| John Scott | Chair | Yes | 2025 | 1.6 yrs | Nomination Committee, Technology Committee |
| David John Green | Independent Director | Yes | 2023 | 3.2 yrs | Remuneration Committee, Audit & Risk Committee |
| Barry Einsig | Independent Director | Yes | 2020 | 6.8 yrs | Nomination Committee, Audit & Risk Committee, Technology Committee |
| Sara Gifford | Independent Director | Yes | 2022 | 4.6 yrs | Nomination Committee, Remuneration Committee, Technology Committee |
| Cameron Kinloch | Independent Director | Yes | 2024 | 2.6 yrs | Nomination Committee, Audit & Risk Committee |
| Susan Paterson | Independent Director | Yes | 2019 | 7.6 yrs | Nomination Committee, Audit & Risk Committee, Remuneration Committee, Audit & Risk Committee (Chair) |
| Ryan Brosnahan | Director | Not recorded | 2026 | 0.4 yrs | — |
ERD governance score breakdown
EROAD scores 64/100 (Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 24/25
- Shareholder rights
- 2/20
- Executive remuneration
- 4/10
EROAD largest shareholders
Top 10 registered holders of ERD as disclosed for FY2022. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | NMC Trustees Limited | 12.25% |
| 2 | FNZ Custodians Limited | 6.64% |
| 3 | National Nominees Limited – NZCSD | 6.48% |
| 4 | Citicorp Nominees Pty Limited | 6.18% |
| 5 | HSBC Custody Nominees (Australia) Limited | 6.05% |
| 6 | National Nominees Limited | 5.18% |
| 7 | Accident Compensation Corporation - NZCSD | 2.46% |
| 8 | J E & A L Marris Trustees Limited | 1.18% |
| 9 | BNP Paribas Nominees (NZ) Limited – NZCSD | 1.82% |
| 10 | New Zealand Depository Nominee Limited | 1.78% |
ERD government contracts
EROAD has been named as an awarded supplier on 5 New Zealand government contracts published on GETS, most recently on 31 Oct 2025. None of them discloses an award value. 2 were shared with other suppliers, and a shared contract is published with its full value.
Most frequent of 5 agencies: Hastings District Council, Ministry of Business, Innovation and Employment, Napier City Council.
| Awarded | Agency | Contract | Value |
|---|---|---|---|
| 31 Oct 2025 | WorkSafe New Zealand | Closed tender: MBIE AOG Panel - Fleet Management: Telematics services | not disclosed |
| 21 May 2025 | Ministry of Business, Innovation and Employment | AoG Fleet Management - Request for Proposals(shared) | not disclosed |
| 20 Nov 2023 | Napier City Council | Motor Vehicle GPS Telemetry Services | not disclosed |
| 24 Feb 2022 | Hastings District Council | Motor Vehicle GPS Telemetry Service 2021 | not disclosed |
| 28 Feb 2020 | Southland Regional Council | Fleet Management & Vehicle and People Tracking(shared) | not disclosed |
Full government procurement analysis on PublicData · All NZX companies with government contracts
Source: MBIE GETS Open Data. An award of $0 or blank is treated as undisclosed.
Recent ERD NZX announcements
The 10 most recent filings by EROAD to the NZX.
- SPH Notice - Anthony Henry KandzioraSubstantial Holder Notice
- EROAD Board UpdateOther
- EROAD to share operational and strategic update in NovemberOperational Update
- Ongoing Disclosure Notice - Directors Fixed Trading PlanInsider Disclosure
- SPH Notice - Anthony Henry KandzioraSubstantial Holder Notice
- SPH Notice - Accident Compensation Corporation (ACC)Substantial Holder Notice
- Capital Change Notice - Issue of SharesCapital Change
- Ongoing Disclosure Notice - Mark HeineInsider Disclosure
- EROAD Appoints New Chief Executive OfficerDirector Appointment
- EROAD Publishes FY26 Sustainability ReportESG
EROAD (ERD) — frequently asked questions
What does EROAD do?
Eroad provides electronic road user charging, fleet management, and compliance solutions using GPS and telematics technology for commercial vehicle operators across New Zealand, Australia, and North America. EROAD is listed on the NZX under the ticker ERD, in the Industrials sector.
What is the EROAD (ERD) share price?
EROAD (NZX:ERD) shares closed at $1.01 on 22 October 2026, up 2.54% on the previous close. At that price its market capitalisation was about $191 million, based on 189,082,683 shares on issue.
Who are the directors of EROAD?
EROAD has 7 current directors: John Scott (Chair), David John Green (Independent Director), Barry Einsig (Independent Director), Sara Gifford (Independent Director), Cameron Kinloch (Independent Director), Susan Paterson (Independent Director) and Ryan Brosnahan (Director). Average board tenure is 3.8 years.
Who is the chair of EROAD?
John Scott chairs the EROAD board, and has been a director since 2025.
Who are the largest shareholders of EROAD?
The largest registered holder of ERD shares in the FY2022 top-20 register was NMC Trustees Limited, with 12.25%, followed by FNZ Custodians Limited (6.64%) and National Nominees Limited – NZCSD (6.48%). Custodians and nominees on the register hold shares on behalf of other investors.
What is EROAD's governance score?
EROAD has an NZXplorer Governance Risk Score of 64/100 (Good) for FY2026, based on 73% data coverage.
When was the last EROAD annual meeting?
The most recent EROAD annual meeting on record was held on 24 June 2026.
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