NZX Governance Explorer

How Metro Performance Glass makes money

Where MPG’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. MPG company profile

How Metro Performance Glass makes money — FY2021

Revenue $232.3m · EBITDA $39.4m (17.0% of revenue) · Net profit $8.5m (3.7% of revenue) · Financial year ending March (from the issuer record)

Metro Performance Glass (MPG) FY2021: where revenue of $232.3m wentRevenue → EBITDA: $39.4mRevenue → Operating costs (net of other income): $192.9mEBITDA → EBIT: $18.9mEBITDA → Depreciation & amortisation: $20.5mEBIT → Net profit: $8.5mEBIT → Interest: $6.7mEBIT → Income tax: $3.7mRevenue: $232.3mRevenue$232.3mEBITDA: $39.4mEBITDA$39.4mOperating costs (net of other income): $192.9m (derived)Operating costs (net ofother income)$192.9m · derivedEBIT: $18.9mEBIT$18.9mDepreciation & amortisation: $20.5mDepreciation &amortisation$20.5mNet profit: $8.5mNet profit$8.5mInterest: $6.8mInterest$6.8mIncome tax: $3.7mIncome tax$3.7m

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).

Metro Performance Glass FY2021 figures used in the chart
FY2021AmountStatusNote
Revenue$232.3mReported
Operating costs (net of other income)−$192.9mDerived *Reported operating expenses $87.6m do not reconcile; not used.
EBITDA$39.4mReported
Depreciation & amortisation−$20.4mReported
EBIT$18.9mReported
Interest (net finance costs)−$6.8mReported
Income tax−$3.7mReported
Other items (net gain)+$100kBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$8.5mReported
  • * operating costs: $192.9m = 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 ($232.3m) vs the summary table ($232.3m): agree within 2%.
  • Passed: EBITDA − D&A = $19m vs reported EBIT $18.9m: reconciles.
  • Not met: Reported operating expenses ($87.6m) leave $144.6m, not EBITDA of $39.4m (gap $105.2m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item $0.1m is 0.0% 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: FY21 annual report (PDF, NZX)

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

Bridge not available: FY2020 is not charted: EBITDA is -$46.2m. This layout draws revenue flowing into profit and 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 (7 of 10 years from FY2017). The shaded line is the median of 3 other listed Real Estate 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
MPG ebitda margin by financial year, with peer median-20%15%50%FY17FY18FY20FY22FY24FY26FY2017: MPG 18.0%; peer median — (0)FY2018: MPG 15.1%; peer median — (0)FY2019: MPG 11.2%; peer median — (0)FY2020: not charted — operating lossFY2021: MPG 17.0%; peer median — (1)FY2022: MPG 10.4%; peer median 45.6% (2)FY2023: MPG 11.7%; peer median 48.9% (2)FY2024: MPG 10.5%; peer median 34.0% (2)FY2025: not charted — operating lossFY2026: not charted — no net profit
EBIT margin
MPG ebit margin by financial year, with peer median-20%15%50%FY17FY18FY20FY22FY24FY26FY2017: MPG 13.5%; peer median — (0)FY2018: MPG 10.4%; peer median — (0)FY2019: MPG 5.9%; peer median — (0)FY2020: not charted — operating lossFY2021: MPG 8.1%; peer median — (1)FY2022: MPG 2.5%; peer median 44.9% (2)FY2023: MPG 4.5%; peer median 47.0% (2)FY2024: MPG 3.0%; peer median 32.4% (2)FY2025: not charted — operating lossFY2026: not charted — no net profit
Net margin
MPG net margin by financial year, with peer median-20%15%50%FY17FY18FY20FY22FY24FY26FY2017: MPG 7.9%; peer median — (0)FY2018: MPG 6.1%; peer median — (0)FY2019: MPG 1.9%; peer median — (0)FY2020: not charted — operating lossFY2021: MPG 3.7%; peer median — (1)FY2022: MPG -0.2%; peer median 33.2% (2)FY2023: MPG -4.0%; peer median 37.2% (2)FY2024: MPG -11.5%; peer median 20.2% (2)FY2025: not charted — operating lossFY2026: not charted — no net profit

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

MPG margins by year with peer medians
YearEBITDA margin: MPG · peer median (n)EBIT margin: MPG · peer median (n)Net margin: MPG · peer median (n)Note
FY201718.0%— (0)13.5%— (0)7.9%— (0)
FY201815.1%— (0)10.4%— (0)6.1%— (0)
FY201911.2%— (0)5.9%— (0)1.9%— (0)
FY2020—— (0)—— (0)—— (0)Not charted: operating loss
FY202117.0%— (1)8.1%— (1)3.7%— (1)
FY202210.4%45.6% (2)2.5%44.9% (2)-0.2%33.2% (2)
FY202311.7%48.9% (2)4.5%47.0% (2)-4.0%37.2% (2)
FY202410.5%34.0% (2)3.0%32.4% (2)-11.5%20.2% (2)
FY2025—27.4% (2)—24.9% (2)—17.8% (2)Not charted: operating loss
FY2026—— (0)—— (0)—— (0)Not charted: no net profit

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: Net profit is not recorded for this year.
  • FY2025: EBIT is -$0.6m. This layout does not draw an operating loss.
  • FY2020: EBITDA is -$46.2m. 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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