NZX Governance Explorer

How KMD Brands Limited makes money

Where KMD’s revenue went in FY2018: 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. KMD company profile

How KMD Brands Limited makes money — FY2018

Revenue $497.4m · EBITDA $89.8m (18.0% of revenue) · Net profit $50.5m (10.2% of revenue) · Financial year ending July (from the issuer record)

KMD Brands Limited (KMD) FY2018: where revenue of $497.4m wentRevenue → EBITDA: $89.8mRevenue → Operating costs (net of other income): $407.7mEBITDA → EBIT: $74.6mEBITDA → Depreciation & amortisation: $15.2mEBIT → Net profit: $50.5mEBIT → Interest: $4.8mEBIT → Income tax: $19.3mOther items (net gain) → Income tax: $1.2mRevenue: $497.4mRevenue$497.4mEBITDA: $89.8mEBITDA$89.8mOperating costs (net of other income): $407.7m (derived)Operating costs (net ofother income)$407.7m · derivedEBIT: $74.6mEBIT$74.6mDepreciation & amortisation: $15.2mDepreciation &amortisation$15.2mOther items (net gain): $1.2m (balancing item)Other items (net gain)$1.2m · balancingNet profit: $50.5mNet profit$50.5mInterest: $4.8mInterest$4.8mIncome tax: $20.5mIncome tax$20.5m

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).

KMD Brands Limited FY2018 figures used in the chart
FY2018AmountStatusNote
Revenue$497.4mReported
Operating costs (net of other income)−$407.7mDerived *Reported operating expenses $225.7m do not reconcile; not used.
EBITDA$89.8mReported
Depreciation & amortisation−$15.0mReported
EBIT$74.6mReported
Interest (net finance costs)−$4.8mReported
Income tax−$20.5mReported
Other items (net gain)+$1.2mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$50.5mReported
  • * operating costs: $407.7m = 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 ($497.4m) vs the summary table ($497.4m): agree within 2%.
  • Passed: EBITDA − D&A = $74.8m vs reported EBIT $74.6m: reconciles.
  • Not met: Reported operating expenses ($225.7m) leave $271.7m, not EBITDA of $89.8m (gap $182m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item $1.2m is 0.2% 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: 2018 Annual Report (PDF, NZX)

EBITDA bridge, FY2017 → FY2018

What moved EBITDA between the two years: the change in revenue, less the change in operating costs (revenue less EBITDA, net of other income; not a reported line). The costs are one net figure; no split by type is held, so none is shown.

KMD EBITDA bridge FY2017 to FY2018FY2017 EBITDA: $70.8m$70.8mFY2017 EBITDARevenue change: +$52.1m+$52.1mRevenue changeCost change (derived): −$33.2m−$33.2mCost change (derived)FY2018 EBITDA: $89.8m$89.8mFY2018 EBITDA
KMD EBITDA bridge FY2017 to FY2018: figures
StepFY2017FY2018Effect on EBITDAStatus
FY2017 EBITDA$70.8m$70.8mAs charted
Revenue$445.3m$497.4m+$52.1mReported
Operating costs (net, derived)$374.5m$407.7m−$33.2mDerived: revenue − EBITDA
FY2018 EBITDA$89.8m$89.8mAs charted

$70.8m +$52.1m −$33.2m = $89.8m, which equals FY2018 EBITDA of $89.8m. EBITDA is the figure stored from each statement; companies that headline an adjusted measure (EBITDAF, underlying EBITDA) can report a different number.

What changed from FY2017 to FY2018

MeasureFY2017FY2018ChangeChange %
Revenue$445.3m$497.4m+$52.1m+11.7%
EBITDA$70.8m$89.8m+$18.9m+26.7%
Net profit$38.0m$50.5m+$12.5m+32.8%
EBITDA margin15.9%18.0%+2.1 pts—
Net margin8.5%10.2%+1.6 pts—

Both years passed the same checks. Margins are shares of revenue; their change is in percentage points. n/m = not meaningful (prior-year figure at or below zero). Each year holds the figures from its own annual report; restated comparatives are not applied.

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (7 of 10 years from FY2017). The shaded line is the median of 13 other listed Consumer Discretionary 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
KMD ebitda margin by financial year, with peer median0%15%30%FY17FY18FY20FY22FY24FY26FY2017: KMD 15.9%; peer median 9.4% (4)FY2018: KMD 18.0%; peer median 11.2% (7)FY2019: KMD 19.1%; peer median 11.8% (4)FY2020: KMD 18.6%; peer median 14.2% (7)FY2021: KMD 22.5%; peer median 11.9% (9)FY2022: KMD 13.0%; peer median 11.3% (7)FY2023: KMD 18.1%; peer median 13.4% (5)FY2024: not charted — operating lossFY2025: not charted — operating lossFY2026: not charted — operating loss
EBIT margin
KMD ebit margin by financial year, with peer median0%15%30%FY17FY18FY20FY22FY24FY26FY2017: KMD 14.5%; peer median 9.9% (6)FY2018: KMD 15.0%; peer median 8.7% (7)FY2019: KMD 16.3%; peer median 13.6% (7)FY2020: KMD 5.7%; peer median 8.5% (7)FY2021: KMD 10.0%; peer median 8.7% (10)FY2022: KMD 9.6%; peer median 7.5% (10)FY2023: KMD 6.9%; peer median 12.9% (7)FY2024: not charted — operating lossFY2025: not charted — operating lossFY2026: not charted — operating loss
Net margin
KMD net margin by financial year, with peer median0%15%30%FY17FY18FY20FY22FY24FY26FY2017: KMD 8.5%; peer median 7.1% (6)FY2018: KMD 10.2%; peer median 3.0% (7)FY2019: KMD 10.6%; peer median 6.7% (7)FY2020: KMD 1.0%; peer median 5.5% (7)FY2021: KMD 6.9%; peer median 4.8% (10)FY2022: KMD 3.8%; peer median 4.9% (10)FY2023: KMD 3.3%; peer median 8.4% (7)FY2024: not charted — operating lossFY2025: not charted — operating lossFY2026: not charted — operating loss

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

KMD margins by year with peer medians
YearEBITDA margin: KMD · peer median (n)EBIT margin: KMD · peer median (n)Net margin: KMD · peer median (n)Note
FY201715.9%9.4% (4)14.5%9.9% (6)8.5%7.1% (6)
FY201818.0%11.2% (7)15.0%8.7% (7)10.2%3.0% (7)
FY201919.1%11.8% (4)16.3%13.6% (7)10.6%6.7% (7)
FY202018.6%14.2% (7)5.7%8.5% (7)1.0%5.5% (7)
FY202122.5%11.9% (9)10.0%8.7% (10)6.9%4.8% (10)
FY202213.0%11.3% (7)9.6%7.5% (10)3.8%4.9% (10)
FY202318.1%13.4% (5)6.9%12.9% (7)3.3%8.4% (7)
FY2024—13.3% (6)—8.4% (8)—4.6% (8)Not charted: operating loss
FY2025—13.5% (8)—7.2% (8)—3.1% (8)Not charted: operating loss
FY2026—17.4% (6)—11.9% (7)—7.4% (7)Not charted: operating loss

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: EBITDA is -$323.6m. This layout draws revenue flowing into profit and does not draw an operating loss.
  • FY2025: EBIT is -$96.9m. This layout does not draw an operating loss.
  • FY2024: EBIT is -$21.1m. This layout does not draw an operating loss.
  • FY2014: Figures were not read from a filed annual report (source: not recorded).

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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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