NZX Governance Explorer

How T&G Global Limited makes money

Where TGG’s revenue went in FY2017: 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. TGG company profile

How T&G Global Limited makes money — FY2017

Revenue $1.1b · EBITDA $44.2m (4.0% of revenue) · Net profit $22.6m (2.0% of revenue) · Financial year ending December (from the issuer record)

T&G Global Limited (TGG) FY2017: where revenue of $1.1b wentRevenue → EBITDA: $44.2mRevenue → Operating costs (net of other income): $1.1bEBITDA → EBIT: $20.8mEBITDA → Depreciation & amortisation: $23.4mEBIT → Net profit: $20.8mIncome tax credit → Net profit: $272kOther items (net gain) → Net profit: $1.5mOther items (net gain) → Interest: $11.1mRevenue: $1.1bRevenue$1.1bEBITDA: $44.2mEBITDA$44.2mOperating costs (net of other income): $1.1b (derived)Operating costs (net ofother income)$1.1b · derivedEBIT: $20.8m (derived)EBIT$20.8m · derivedDepreciation & amortisation: $23.4mDepreciation &amortisation$23.4mIncome tax credit: $272kIncome tax credit$272kOther items (net gain): $12.7m (balancing item)Other items (net gain)$12.7m · balancingNet profit: $22.6mNet profit$22.6mInterest: $11.1mInterest$11.1m

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).

T&G Global Limited FY2017 figures used in the chart
FY2017AmountStatusNote
Revenue$1.1bReported
Operating costs (net of other income)−$1.1bDerived *Reported operating expenses $260.2m do not reconcile; not used.
EBITDA$44.2mReported
Depreciation & amortisation−$23.4mReported
EBIT$20.8mDerived *Reported EBIT $27.1m does not reconcile to EBITDA − D&A.
Interest (net finance costs)−$11.1mReported
Income tax credit+$272kReported
Other items (net gain)+$12.7mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$22.6mReported
  • * ebit: $20.8m = EBITDA − D&A (reported EBIT $27.1m differs; the gap falls into Other items)
  • * operating costs: $1.1b = 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 ($1,106m) vs the summary table ($1,106m): agree within 2%.
  • Not met: EBITDA − D&A = $20.8m vs reported EBIT $27.1m: does not reconcile.
  • Not met: Reported operating expenses ($260.2m) leave $845.8m, not EBITDA of $44.2m (gap $801.6m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item $12.7m is 1.1% 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: 2017 Annual Report (PDF, NZX)

EBITDA bridge, FY2016 → FY2017

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.

TGG EBITDA bridge FY2016 to FY2017FY2016 EBITDA: $54.7m$54.7mFY2016 EBITDARevenue change: +$234.0m+$234.0mRevenue changeCost change (derived): −$244.5m−$244.5mCost change (derived)FY2017 EBITDA: $44.2m$44.2mFY2017 EBITDA
TGG EBITDA bridge FY2016 to FY2017: figures
StepFY2016FY2017Effect on EBITDAStatus
FY2016 EBITDA$54.7m$54.7mAs charted
Revenue$872.0m$1,106.0m+$234.0mReported
Operating costs (net, derived)$817.3m$1,061.8m−$244.5mDerived: revenue − EBITDA
FY2017 EBITDA$44.2m$44.2mAs charted

$54.7m +$234.0m −$244.5m = $44.2m, which equals FY2017 EBITDA of $44.2m. 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 FY2016 to FY2017

MeasureFY2016FY2017ChangeChange %
Revenue$872.0m$1.1b+$234.0m+26.8%
EBITDA$54.7m$44.2m−$10.5m−19.3%
Net profit$32.4m$22.6m−$9.8m−30.2%
EBITDA margin6.3%4.0%−2.3 pts—
Net margin3.7%2.0%−1.7 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 (4 of 9 years from FY2017). The shaded line is the median of 12 other listed Consumer Staples 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
TGG ebitda margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: TGG 4.0%; peer median 12.4% (5)FY2018: not charted — EBITDA not recorded or derivable for this year (EBIT only)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: not charted — not from annual reportFY2023: not charted — not from annual reportFY2024: TGG 5.2%; peer median 20.5% (8)FY2025: not charted — EBITDA not recorded or derivable for this year (EBIT only)
EBIT margin
TGG ebit margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: TGG 1.9%; peer median 8.9% (7)FY2018: TGG 1.3%; peer median 12.9% (5)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: not charted — not from annual reportFY2023: not charted — not from annual reportFY2024: TGG 0.9%; peer median 13.8% (9)FY2025: TGG 3.0%; peer median 10.9% (10)
Net margin
TGG net margin by financial year, with peer median-10%10%30%FY17FY18FY20FY22FY24FY25FY2017: TGG 2.0%; peer median 7.8% (7)FY2018: TGG 0.9%; peer median 8.5% (5)FY2019: not charted — not from annual reportFY2020: not charted — not from annual reportFY2021: not charted — not from annual reportFY2022: not charted — not from annual reportFY2023: not charted — not from annual reportFY2024: TGG -0.7%; peer median 5.1% (9)FY2025: TGG 1.0%; peer median 6.9% (10)

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

TGG margins by year with peer medians
YearEBITDA margin: TGG · peer median (n)EBIT margin: TGG · peer median (n)Net margin: TGG · peer median (n)Note
FY20174.0%12.4% (5)1.9%8.9% (7)2.0%7.8% (7)
FY2018—16.4% (5)1.3%12.9% (5)0.9%8.5% (5)EBITDA not recorded or derivable for this year (EBIT only)
FY2019—14.6% (5)—11.0% (6)—7.3% (6)Not charted: not from annual report
FY2020—19.7% (5)—15.3% (7)—11.6% (7)Not charted: not from annual report
FY2021—24.1% (2)—7.6% (4)—6.0% (4)Not charted: not from annual report
FY2022—18.2% (6)—11.0% (6)—5.4% (6)Not charted: not from annual report
FY2023—11.7% (7)—8.9% (7)—1.8% (7)Not charted: not from annual report
FY20245.2%20.5% (8)0.9%13.8% (9)-0.7%5.1% (9)
FY2025—16.7% (10)3.0%10.9% (10)1.0%6.9% (10)EBITDA not recorded or derivable for this year (EBIT only)

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.

  • FY2023: Figures were not read from a filed annual report (source: not recorded).
  • FY2022: Figures were not read from a filed annual report (source: not recorded).
  • FY2021: Figures were not read from a filed annual report (source: not recorded).
  • FY2020: Figures were not read from a filed annual report (source: not recorded).
  • FY2019: Figures were not read from a filed annual report (source: not recorded).
  • FY2012: EBIT is -$14.3m. This layout does not draw an operating loss.
  • FY2011: Figures were not read from a filed annual report (source: not recorded).
  • FY2009: Figures were not read from a filed annual report (source: not recorded).

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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