Materials

NZX Listed Companies

9
Companies
$6.0B
Total Market Cap
-7.6%
Avg 1Y Return

Materials: revenue, EBITDA and net profit

Each company’s latest year whose income-statement figures passed the reconciliation checks behind the How They Make Money charts. Years differ between companies, so the year is shown beside every figure. Figures are extracted automatically from filed annual reports; check against the report.

Latest charted year by company (3 of 9 charted)

Materials companies: latest charted year figures
CompanyRevenueEBITDAEBITDA marginNet profitNet margin
FBUFletcher Building$7.0b FY26$771.0m FY2610.9% FY26$228.0m FY263.2% FY26
VSLVulcan Steel Limited$948.0m FY25$112.1m FY2511.8% FY25$15.7m FY251.7% FY25
SMISantana Minerals LtdNot charted: FY2025 (newest on file): Figures were not read from a filed annual report (source: yahoo_finance).
RGIRua Gold IncNot charted: FY2025 (newest on file): Revenue is not recorded for this year.
IKEikeGPS Group LimitedNot charted: FY2025 (newest on file): EBITDA is -$11.4m. This layout draws revenue flowing into profit and does not draw an operating loss.
MKRManuka Resources LimitedNot charted: FY2026 (newest on file): Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
STUSteel & Tube Holdings Limited$479.1m FY24$31.4m FY246.6% FY24$2.6m FY240.6% FY24
MEXMinerals Exploration LimitedNot charted: FY2025 (newest on file): EBIT ($0.6m) exceeds revenue ($0.1m); the figures probably include gains that are not in revenue, or one is mis-extracted.
TCMTaiko Critical Minerals LimitedNot charted: no annual statement on file
  • STU: newer FY2025 on file, not charted (operating loss).

EBITDA is the figure stored from each statement (or EBIT plus depreciation where only those are stored); “—” means the year has EBIT but no EBITDA. Companies that headline an adjusted measure (EBITDAF, underlying EBITDA) can report a different number.

EBITDA margin across the sector, by year

One dot per company-year that passed the checks, from FY2017; the bar is the median of those companies for that year. Years not charted are left out, not counted as zero.

Materials: EBITDA margin of each company-year that passed the checks, with the sector median per year0%10%20%FBU FY2026: 10.9%FBU FY2025: 10.6%VSL FY2025: 11.8%VSL FY2024: 13.9%STU FY2024: 6.6%STU FY2023: 8.8%STU FY2022: 11.1%STU FY2021: 8.5%STU FY2019: 4.8%STU FY2017: 7.6%FY17FY18FY19FY20FY21FY22FY23FY24FY2024 sector median 10.2% (2 companies)FY25FY2025 sector median 11.2% (2 companies)FY26

one company-year   sector median (needs two or more companies).

Materials EBITDA margin by company and year
CompanyFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
FBUno statementn/c: not from annual reportEBIT onlyEBIT onlyn/c: not from annual reportn/c: not from annual reportEBIT onlyEBIT only10.6%10.9%
VSLno statementno statementno statementno statementn/c: not from annual reportn/c: not from annual reportn/c: not from annual report13.9%11.8%no statement
SMIno statementno statementno statementno statementn/c: not from annual reportn/c: not from annual reportn/c: not from annual reportn/c: not from annual reportn/c: not from annual reportno statement
RGIno statementno statementno statementno statementno statementno statementno statementn/c: no revenuen/c: no revenueno statement
IKEn/c: operating lossn/c: operating lossn/c: not from annual reportn/c: operating lossn/c: not from annual reportn/c: unexplained residualn/c: operating lossn/c: no EBITDA/EBIT splitn/c: operating lossno statement
MKRno statementno statementno statementno statementno statementno statementno statementn/c: not from annual reportn/c: no EBITDA/EBIT splitn/c: no EBITDA/EBIT split
STU7.6%EBIT only4.8%n/c: unexplained residual8.5%11.1%8.8%6.6%n/c: operating lossno statement
MEXno statementno statementno statementno statementno statementno statementno statementno statementn/c: profit exceeds revenueno statement
TCMno statementno statementno statementno statementno statementno statementno statementno statementno statementno statement
Median (n)— (1)— (0)— (1)— (0)— (1)— (1)— (1)10.2% (2)11.2% (2)— (1)

n/c = on file but not charted, with the reason (the full reason is on the company’s page). EBIT only = charted, but the year has no EBITDA to place here. Years are grouped by financial-year label; year-end months differ between companies.

All Companies in Materials

FBU+9.3%
Fletcher Building
Fletcher Building is a major Australasian building products, construction services, and residential development company. Operating across New Zealand and Australia, it manufactures and distributes building materials (plumbing, roofing, insulation, timber), provides construction and engineering services, and develops residential projects. The company generates revenue through product sales, construction contracts, and development activities across both countries and selected international markets.
$3892M
Market Cap
VSL-8.2%
Vulcan Steel Limited
Vulcan Steel is Australasia's leading independent distributor and processor of steel and metals, serving construction, manufacturing, and mining sectors.
$1030M
Market Cap
SMI-40.4%
Santana Minerals Ltd
Santana Minerals is a dual-listed (NZX/ASX) gold-development company. Its flagship asset is the Bendigo-Ophir gold project in Central Otago, New Zealand, which includes the Rise & Shine deposit — one of New Zealand's largest gold discoveries in decades. The company is currently in the development and permitting phase (Mining Licence application before NZ Government's Fast-track Approvals process), not yet a producing miner.
$606M
Market Cap
RGI-20.1%
Rua Gold Inc
Rua Gold is a gold exploration company strategically focused on New Zealand. The company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on the South Island (120,000+ hectares), and the Glamorgan Project in the North Island's Hauraki district. Dual-listed on TSX (RUA) and NZX (RGI).
$172M
Market Cap
IKE-9.2%
ikeGPS Group Limited
ikeGPS provides mobile measurement solutions and data capture software for the global utilities and infrastructure sectors, enabling efficient field measurement of power lines, telecommunications, and construction projects.
$172M
Market Cap
MKR-66.5%
Manuka Resources Limited
Manuka Resources is a gold and mineral sands producer operating the Coromandel Gold Project and South Island mineral sands operations in New Zealand.
$101M
Market Cap
STU-40.6%
Steel & Tube Holdings Limited
Steel & Tube Holdings distributes steel products, roofing, piping, and building materials across New Zealand, serving construction, infrastructure, and manufacturing sectors.
$53M
Market Cap
MEX-65.8%
Minerals Exploration Limited
Minerals Exploration Limited (formerly Uvre Limited) is a dual-listed gold exploration company with a portfolio of under-explored gold mining projects in New Zealand. The flagship Waitekauri project is located 8km from OceanaGold's Waihi Mine. The company also holds uranium projects in South Australia.
$13M
Market Cap
TCM+172.7%
Taiko Critical Minerals Limited
Taiko Critical Minerals Limited is a developer and producer of high value-add critical minerals with a focus on ilmenite, zircon and garnet, implementing a mine-to-market strategy on the West Coast of the South Island of New Zealand.

Frequently Asked Questions About NZX Materials Sector

What companies are in the NZX Materials sector?

The NZX Materials sector includes 9 listed companies with a combined market capitalization of approximately $6.0 billion. These companies represent New Zealand's publicly-traded businesses operating in materials industries.

How is the Materials sector performing?

The NZX Materials sector has an average 1-year return of -7.6%, based on the stock performance of companies within the sector. Individual company performance varies, and investors should review specific company metrics, governance scores, and financial statements before making investment decisions.

How do I compare companies in the Materials sector?

You can compare Materials companies on NZXplorer by reviewing key metrics including market capitalization, 1-year stock returns, governance risk scores (GRS), board independence, shareholder support levels, and financial performance. Each company page provides comprehensive governance data, director information, substantial shareholder analysis, and ESG metrics to help you make informed investment decisions.

What governance information is available for Materials companies?

NZXplorer provides comprehensive governance data for all NZX-listed Materials companies including: board composition and independence levels, director biographies and tenure, committee structures, director and executive remuneration, substantial shareholder holdings, AGM voting results and shareholder support scores, insider trading activity, and Governance Risk Scores (GRS v2.0) that evaluate executive remuneration, board structure, shareholder rights, board effectiveness, audit quality, and remuneration disclosure.

What is market capitalization and why does it matter?

Market capitalization (market cap) is the total value of a company's outstanding shares, calculated by multiplying the share price by the number of shares. It represents what the market believes the company is worth. The Materials sector has a combined market cap of $6.0 billion across 9 companies. Market cap helps investors understand company size and classify stocks as large-cap (typically >$1B), mid-cap ($300M-$1B), or small-cap (<$300M), with each category having different risk-return profiles and liquidity characteristics.

How can I track substantial shareholders in Materials companies?

NZXplorer tracks all substantial shareholder disclosures for Materials companies as required by NZX rules. Substantial shareholders are entities holding 5% or more of voting rights and must disclose their holdings publicly. You can view current substantial shareholders, their voting percentages, recent changes in holdings, and historical disclosure dates on each company's page. This information helps you understand ownership concentration, potential control dynamics, and significant stakeholder interests in Materials companies.