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How Rakon Limited makes money — FY2024
Revenue $128.0m · EBITDA $13.5m (10.5% of revenue) · Net profit $4.5m (3.5% 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).
| FY2024 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $128.0m | Reported | |
| Operating costs (net of other income) | −$114.5m | Derived * | Reported operating expenses $59.5m do not reconcile; not used. |
| EBITDA | $13.5m | Reported | |
| Depreciation & amortisation | −$8.1m | Reported | |
| EBIT | $5.4m | Derived * | Reported EBIT $2.8m does not reconcile to EBITDA − D&A. |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | — | Not reported | Included in the balancing item. |
| Interest, tax and other items (net cost) | −$853k | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $4.5m | Reported |
- * ebit: $5.4m = EBITDA − D&A (reported EBIT $2.8m differs; the gap falls into Other items)
- * operating costs: $114.5m = 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: filing_corrected_3675 · extracted 7 March 2026.
Annual report: FY24 Annual Report (PDF, NZX)
Rakon Limited board of directors
8 current directors, 38% independent, average tenure 2.0 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Greg Barclay | Independent Director | Yes | 2025 | 1.1 yrs | — |
| Sinan Altug | Executive Director | No | 2022 | 4.6 yrs | — |
| Brent Robinson | Non-Independent Director | No | 2024 | 1.9 yrs | — |
| Jung Meng Tseng | Non-Independent Director | No | 2023 | 3.3 yrs | — |
| Peter Baines | Independent Director | Yes | 2025 | 1.2 yrs | — |
| Christopher Swasbrook | Independent Director | Yes | 2025 | 1.0 yrs | — |
| Mark Dunwoodie | Executive Director | No | 2025 | 1.0 yrs | — |
| Warren John Robinson | Non-Independent Director | No | — | — | — |
RAK governance score breakdown
Rakon Limited scores 44/100 (Poor) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 11/25
- Shareholder rights
- 2/20
- Executive remuneration
- 6.5/10
RAK dividends
The most recent Rakon Limited dividend on record is 1.50 cents per share, for FY2023 (final), 100% imputed, ex-dividend 21 Jul 2023, paid 8 Aug 2023.
Rakon Limited largest shareholders
Top 10 registered holders of RAK as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Siward Crystal Technology Co. Limited | 12.19% |
| 2 | Brent John Robinson and Darren Paul Robinson as trustees of Ahuareka Trust | 11.05% |
| 3 | Wairahi Investments Limited | 5.70% |
| 4 | Brent John Robinson | 4.31% |
| 5 | Darren Paul Robinson | 4.31% |
| 6 | Accident Compensation Corporation | 3.73% |
| 7 | Forsyth Barr Custodians Limited <1-Custody> | 2.97% |
| 8 | New Zealand Depository Nominee Limited <A/C 1 Cash Account> | 2.75% |
| 9 | Forsyth Barr Custodians Limited <Account 1 NRL> | 2.37% |
| 10 | Custodial Services Limited <A/C 4> | 1.69% |
Recent RAK NZX announcements
The 10 most recent filings by Rakon Limited to the NZX.
- Takeover offer closed and compulsory acquisition noticeM&A
- Rakon Limited (“RAK”) – Suspension of Trading and DelistingListing Change
- Compulsory Acquisition NoticeM&A
- SPH Notice - Bourns, Inc. ("Bourns")Substantial Holder Notice
- SPH Notice - Bourns, Inc. ("Bourns")Substantial Holder Notice
- Notice Pursuant to Rule 49A of the Takeovers CodeM&A
- Notice of Dominant Ownership Pursuant to Rule 51Substantial Holder Notice
- SPH Notice - Bourns, Inc. ("Bourns")Substantial Holder Notice
- Notice Pursuant to Rule 49A of the Takeovers CodeM&A
- Notice Pursuant to Rule 49A and 49B of the Takeovers CodeM&A
Rakon Limited (RAK) — frequently asked questions
What does Rakon Limited do?
Rakon is a world leader in frequency control solutions, manufacturing precision timing products including crystal oscillators for telecommunications, aerospace, and defence. Rakon Limited is listed on the NZX under the ticker RAK, in the Information Technology sector.
What is the Rakon Limited (RAK) share price?
Rakon Limited (NZX:RAK) shares closed at $1.55 on 28 May 2026, unchanged on the previous close. At that price its market capitalisation was about $354 million, based on 228,256,249 shares on issue as at 11 March 2026.
Who are the directors of Rakon Limited?
Rakon Limited has 8 current directors: Greg Barclay (Independent Director), Sinan Altug (Executive Director), Brent Robinson (Non-Independent Director), Jung Meng Tseng (Non-Independent Director), Peter Baines (Independent Director), Christopher Swasbrook (Independent Director), Mark Dunwoodie (Executive Director) and Warren John Robinson (Non-Independent Director). 3 of the 8 are recorded as independent (38%).
What was Rakon Limited's most recent dividend?
The most recent Rakon Limited dividend on record is 1.50 cents per share for FY2023 (final), 100% imputed, ex-dividend 21 July 2023, paid 8 August 2023.
Who are the largest shareholders of Rakon Limited?
The largest registered holder of RAK shares in the FY2025 top-20 register was Siward Crystal Technology Co. Limited, with 12.19%, followed by Brent John Robinson and Darren Paul Robinson as trustees of Ahuareka Trust (11.05%) and Wairahi Investments Limited (5.70%).
What is Rakon Limited's governance score?
Rakon Limited has an NZXplorer Governance Risk Score of 44/100 (Poor) for FY2026, based on 73% data coverage.
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