NZX Governance Explorer

How ArborGen Holdings Limited makes money

Where ARB’s revenue went in FY2021: operating costs, depreciation, interest and tax, and what was left as net profit. Built from the income statement in the filed annual report, and drawn only when the figures reconcile with each other. ARB company profile

How ArborGen Holdings Limited makes money — FY2021

Revenue $52.7m · EBITDA $11.3m (21.4% of revenue) · Net profit $3.2m (6.1% of revenue) · Financial year ending March (from the issuer record)

ArborGen Holdings Limited (ARB) FY2021: where revenue of $52.7m wentRevenue → EBITDA: $11.3mRevenue → Operating costs (net of other income): $41.4mEBITDA → EBIT: $5.9mEBITDA → Depreciation & amortisation: $5.4mEBIT → Net profit: $3.2mEBIT → Interest, tax and other items (net cost): $2.7mRevenue: $52.7mRevenue$52.7mEBITDA: $11.3mEBITDA$11.3mOperating costs (net of other income): $41.4m (derived)Operating costs (net ofother income)$41.4m · derivedEBIT: $5.9mEBIT$5.9mDepreciation & amortisation: $5.4m (derived)Depreciation &amortisation$5.4m · derivedNet profit: $3.2mNet profit$3.2mInterest, tax and other items (net cost): $2.7m (balancing item)Interest, tax and otheritems (net cost)$2.7m · balancing

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).

ArborGen Holdings Limited FY2021 figures used in the chart
FY2021AmountStatusNote
Revenue$52.7mReported
Operating costs (net of other income)−$41.4mDerived *
EBITDA$11.3mReported
Depreciation & amortisation−$5.4mDerived *
EBIT$5.9mReported
Interest—Not reportedIncluded in the balancing item.
Income tax—Not reportedIncluded in the balancing item.
Interest, tax and other items (net cost)−$2.7mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$3.2mReported
  • * depreciation amortisation: $5.4m = EBITDA − EBIT (may include impairments)
  • * operating costs: $41.4m = Revenue − EBITDA
Checks run on these figures (6)
  • Passed: Revenue is within the scale of a column stored in thousands.
  • Passed: Revenue in the income statement ($52.7m) vs the summary table ($52.7m): agree within 2%.
  • Passed: D&A not recorded; derived as EBITDA − EBIT.
  • Not met: Operating expenses not recorded; costs derived as revenue minus operating profit.
  • Passed: Balancing item -$2.7m is 5.1% of revenue (limit 25%).
  • Not met: No operating segments recorded for this year.

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: 2021 Annual Report (PDF, NZX)

Year-on-year EBITDA bridge (FY2020 → FY2021)

Bridge not available: FY2020 is not charted: EBIT is -$4.1m. This layout does not draw an operating loss.

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (4 of 10 years from FY2017). The shaded line is the median of 22 other listed Industrials operating companies, using each one’s same financial year where it passed the checks; the number of companies in each median is in the table. Gaps are years that were not charted.

EBITDA margin
ARB ebitda margin by financial year, with peer median-20%10%40%FY17FY18FY20FY22FY24FY26FY2017: ARB 13.9%; peer median 12.4% (5)FY2018: not charted — operating lossFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: ARB 21.4%; peer median 11.7% (8)FY2022: not charted — operating lossFY2023: ARB 18.4%; peer median 15.0% (11)FY2024: not charted — operating lossFY2025: not charted — unexplained residualFY2026: ARB 18.3%; peer median 35.4% (2)
EBIT margin
ARB ebit margin by financial year, with peer median-20%10%40%FY17FY18FY20FY22FY24FY26FY2017: ARB 7.8%; peer median 10.1% (5)FY2018: not charted — operating lossFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: ARB 11.2%; peer median 5.7% (10)FY2022: not charted — operating lossFY2023: ARB 4.8%; peer median 8.6% (12)FY2024: not charted — operating lossFY2025: not charted — unexplained residualFY2026: ARB 2.6%; peer median 27.4% (2)
Net margin
ARB net margin by financial year, with peer median-20%10%40%FY17FY18FY20FY22FY24FY26FY2017: ARB -5.2%; peer median 7.7% (5)FY2018: not charted — operating lossFY2019: not charted — operating lossFY2020: not charted — operating lossFY2021: ARB 6.1%; peer median 4.7% (10)FY2022: not charted — operating lossFY2023: ARB -4.5%; peer median 6.1% (12)FY2024: not charted — operating lossFY2025: not charted — unexplained residualFY2026: ARB -11.0%; peer median 18.4% (2)

ARB   peer median   below the axis: year not charted (reason in the table). All panels share one scale.

ARB margins by year with peer medians
YearEBITDA margin: ARB · peer median (n)EBIT margin: ARB · peer median (n)Net margin: ARB · peer median (n)Note
FY201713.9%12.4% (5)7.8%10.1% (5)-5.2%7.7% (5)
FY2018—11.2% (8)—7.2% (8)—6.4% (8)Not charted: operating loss
FY2019—8.8% (8)—5.7% (10)—4.7% (10)Not charted: operating loss
FY2020—14.0% (7)—6.7% (8)—6.3% (8)Not charted: operating loss
FY202121.4%11.7% (8)11.2%5.7% (10)6.1%4.7% (10)
FY2022—14.0% (8)—8.4% (10)—6.5% (10)Not charted: operating loss
FY202318.4%15.0% (11)4.8%8.6% (12)-4.5%6.1% (12)
FY2024—14.5% (10)—5.9% (11)—2.8% (11)Not charted: operating loss
FY2025—14.7% (13)—7.6% (13)—5.2% (13)Not charted: unexplained residual
FY202618.3%35.4% (2)2.6%27.4% (2)-11.0%18.4% (2)

Peer medians use only peer-years that passed the same checks; a median of fewer than two companies is not shown. Years are grouped by financial-year label, and year-end months differ between companies.

Not yet available: where the cash goes (operating cash flow to capex, dividends and debt) and underlying versus reported earnings. The figures they need are not yet validated.

Years not charted

These years are on file but their figures did not pass the checks, so no chart is drawn for them.

  • FY2025: After placing every reported line, -$21.8m (34% of revenue) is left unexplained between EBIT and net profit. A residual that large usually means a line was mis-extracted, so the chart is not drawn.
  • FY2024: EBIT is -$1.8m. This layout does not draw an operating loss.
  • FY2022: EBIT is $0m. This layout does not draw an operating loss.
  • FY2020: EBIT is -$4.1m. This layout does not draw an operating loss.
  • FY2019: EBIT is -$2.5m. This layout does not draw an operating loss.
  • FY2018: EBITDA is -$3m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2016: EBITDA is -$12m. This layout draws revenue flowing into profit and does not draw an operating loss.

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Data sourced from NZX company annual reports (income statements). Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.

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