NZX Governance Explorer

How Being AI makes money

Where BAI’s revenue went in FY2024: operating costs, depreciation, interest and tax, and what was left as net loss. Built from the income statement in the filed annual report, and drawn only when the figures reconcile with each other. BAI company profile

How Being AI makes money — FY2024

Revenue $40.5m · EBITDA $3.0m (7.3% of revenue) · Net loss $1.1m (-2.6% of revenue) · Balance date 30 June 2024

Being AI (BAI) FY2024: where revenue of $40.5m wentRevenue → EBITDA: $3.0mRevenue → Operating costs (net of other income): $37.5mEBITDA → EBIT: $1.9mEBITDA → Depreciation & amortisation: $1.1mEBIT → Interest: $616kEBIT → Income tax: $697kEBIT → Other items (net cost): $593kNet loss → Other items (net cost): $1.1mRevenue: $40.5mRevenue$40.5mEBITDA: $3.0mEBITDA$3.0mOperating costs (net of other income): $37.5m (derived)Operating costs (net ofother income)$37.5m · derivedEBIT: $1.9m (derived)EBIT$1.9m · derivedDepreciation & amortisation: $1.1mDepreciation &amortisation$1.1mNet loss: $1.1mNet loss$1.1mInterest: $616kInterest$616kIncome tax: $697kIncome tax$697kOther items (net cost): $1.7m (balancing item)Other items (net cost)$1.7m · 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).

Being AI FY2024 figures used in the chart
FY2024AmountStatusNote
Revenue$40.5mReported
Operating costs (net of other income)−$37.5mDerived *
EBITDA$3.0mReported
Depreciation & amortisation−$1.1mReported
EBIT$1.9mDerived *
Interest (net finance costs)−$616kReported
Income tax−$697kReported
Other items (net cost)−$1.7mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net loss-$1.1mReported
  • * ebit: $1.9m = EBITDA − D&A
  • * operating costs: $37.5m = 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 ($40.5m) vs the summary table ($40.4m): agree within 2%.
  • Passed: EBIT not recorded; derived as EBITDA − D&A.
  • Not met: Operating expenses not recorded; costs derived as revenue minus operating profit.
  • Passed: Balancing item -$1.7m is 4.1% 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: 2024 Annual Report (PDF, NZX)

Year-on-year EBITDA bridge (FY2023 → FY2024)

Bridge not available: FY2023 is not charted: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (1 of 9 years from FY2018). The shaded line is the median of 11 other listed Healthcare 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
BAI ebitda margin by financial year, with peer median-10%10%30%FY18FY20FY22FY24FY26FY2018: not charted — no revenueFY2019: not charted — revenue ≤ 0FY2020: not charted — no EBITDA/EBIT splitFY2021: not charted — no annual statement on fileFY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: BAI 7.3%; peer median 13.4% (7)FY2025: not charted — no EBITDA/EBIT splitFY2026: not charted — revenue ≤ 0
EBIT margin
BAI ebit margin by financial year, with peer median-10%10%30%FY18FY20FY22FY24FY26FY2018: not charted — no revenueFY2019: not charted — revenue ≤ 0FY2020: not charted — no EBITDA/EBIT splitFY2021: not charted — no annual statement on fileFY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: BAI 4.7%; peer median 10.8% (7)FY2025: not charted — no EBITDA/EBIT splitFY2026: not charted — revenue ≤ 0
Net margin
BAI net margin by financial year, with peer median-10%10%30%FY18FY20FY22FY24FY26FY2018: not charted — no revenueFY2019: not charted — revenue ≤ 0FY2020: not charted — no EBITDA/EBIT splitFY2021: not charted — no annual statement on fileFY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: BAI -2.6%; peer median 6.2% (7)FY2025: not charted — no EBITDA/EBIT splitFY2026: not charted — revenue ≤ 0

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

BAI margins by year with peer medians
YearEBITDA margin: BAI · peer median (n)EBIT margin: BAI · peer median (n)Net margin: BAI · peer median (n)Note
FY2018—8.6% (3)—16.6% (4)—11.6% (4)Not charted: no revenue
FY2019—11.7% (4)—7.2% (5)—3.9% (5)Not charted: revenue ≤ 0
FY2020—9.3% (4)—12.8% (6)—7.9% (6)Not charted: no EBITDA/EBIT split
FY2021—17.9% (4)—9.6% (6)—2.9% (6)Not charted: no annual statement on file
FY2022—23.7% (5)—19.4% (5)—10.7% (5)Not charted: no EBITDA/EBIT split
FY2023—13.2% (6)—9.2% (6)—4.6% (6)Not charted: no EBITDA/EBIT split
FY20247.3%13.4% (7)4.7%10.8% (7)-2.6%6.2% (7)
FY2025—13.4% (8)—10.5% (8)—8.6% (8)Not charted: no EBITDA/EBIT split
FY2026—11.3% (3)—8.3% (3)—5.0% (3)Not charted: revenue ≤ 0

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.

  • FY2026: Revenue is $0m; a flow from revenue cannot be drawn.
  • FY2025: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2023: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2022: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2020: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2019: Revenue is $0m; a flow from revenue cannot be drawn.
  • FY2018: Revenue is not recorded for this year.

All companies with a chart

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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