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How Winton Land Limited makes money — FY2025
Revenue $155.4m · EBITDA $21.3m (13.7% of revenue) · Net profit $10.3m (6.6% of revenue) · Balance date 30 June 2025
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 | $155.4m | Reported | |
| Operating costs (net of other income) | −$134.2m | Derived * | |
| EBITDA | $21.3m | Reported | |
| Depreciation & amortisation | −$5.3m | Derived * | |
| EBIT | $16.0m | Reported | |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | — | Not reported | Included in the balancing item. |
| Interest, tax and other items (net cost) | −$5.6m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $10.3m | Reported |
- * depreciation amortisation: $5.3m = EBITDA − EBIT (may include impairments)
- * operating costs: $134.2m = Revenue − EBITDA
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: Winton Land Limited Annual Report (PDF, NZX)
Winton Land Limited board of directors
5 current directors, 40% independent, average tenure 3.2 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Michael Stiassny | Chair | Yes | 2026 | 0.1 yrs | — |
| Josh Phillips | Non-Independent Director | No | 2025 | 1.5 yrs | — |
| Glen Tupuhi | Independent Director | Yes | 2021 | 5.1 yrs | {"name":"Audit and Financial Risk Committee","is_chair":false,"meetings_attended":2,"meetings_eligible":2}, {"name":"Nomination and Remuneration Committee","is_chair":false,"meetings_attended":1,"meetings_eligible":1} |
| Michaela Meehan | Non-Independent Director | No | 2021 | 4.8 yrs | — |
| James Kemp | Non-Independent Director | No | 2022 | 4.7 yrs | — |
WIN governance score breakdown
Winton Land Limited scores 73/100 (Very Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 14/25
- Shareholder rights
- 20/20
- Executive remuneration
- 3/10
WIN dividends
The most recent Winton Land Limited dividend on record is 0.55 cents per share, for FY2025 (annual).
Winton Land Limited largest shareholders
Top 3 registered holders of WIN as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Korama Limited | 55.06% |
| 2 | TC Akarua Sub Trust | 22.35% |
| 3 | JWAJ Limited | 7.07% |
Recent WIN NZX announcements
The 10 most recent filings by Winton Land Limited to the NZX.
- Winton - Ongoing Disclosure Notice - Michael StiassnyInsider Disclosure
- Winton - Notice of 2026 Annual Meeting of ShareholdersAGM
- Winton - Executive ResignationOther
- Winton - Chris Meehan resigns as DirectorDirector Departure
- Winton - Ongoing Disclosure Notice - Simon AshInsider Disclosure
- Winton Appoints Michael Stiassny as Independent ChairDirector Appointment
- WIN - Trading to resume at market openNZX Compliance
- Winton - Confirmation of ASX Suspension RequestListing Change
- Winton Land Limited (“WIN”) – Suspension of QuotationListing Change
- Winton - Governance UpdateBoard Change
Winton Land Limited (WIN) — frequently asked questions
What does Winton Land Limited do?
Winton Land Limited is a New Zealand-based property investment and land banking company that acquires and develops land for residential and commercial purposes. The company focuses on strategic land holdings and development projects across New Zealand, generating returns through property sales and development activities. Winton Land Limited is listed on the NZX under the ticker WIN, in the Real Estate sector.
What is the Winton Land Limited (WIN) share price?
Winton Land Limited (NZX:WIN) shares closed at $1.14 on 22 October 2026, unchanged on the previous close. At that price its market capitalisation was about $338 million, based on 296,613,736 shares on issue as at 30 June 2025.
Who are the directors of Winton Land Limited?
Winton Land Limited has 5 current directors: Michael Stiassny (Chair), Josh Phillips (Non-Independent Director), Glen Tupuhi (Independent Director), Michaela Meehan (Non-Independent Director) and James Kemp (Non-Independent Director). 2 of the 5 are recorded as independent (40%). Average board tenure is 3.2 years.
Who is the chair of Winton Land Limited?
Michael Stiassny chairs the Winton Land Limited board, and has been a director since 2026.
What was Winton Land Limited's most recent dividend?
The most recent Winton Land Limited dividend on record is 0.55 cents per share for FY2025 (annual).
What is Winton Land Limited's dividend yield?
Winton Land Limited paid no ordinary dividend with an ex-date in the 12 months to 22 October 2026, so its trailing dividend yield is 0%. The last ordinary dividend on record was 0.55 cents per share, ex-dividend 26 February 2024.
Who are the largest shareholders of Winton Land Limited?
The largest registered holder of WIN shares in the FY2025 top-20 register was Korama Limited, with 55.06%, followed by TC Akarua Sub Trust (22.35%) and JWAJ Limited (7.07%).
What is Winton Land Limited's governance score?
Winton Land Limited has an NZXplorer Governance Risk Score of 73/100 (Very Good) for FY2026, based on 73% data coverage.
When is the Winton Land Limited annual meeting?
Winton Land Limited's next annual meeting is scheduled for 23 October 2026.
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