Spark New Zealand (NZSE:SPK) Full Year 2024 Results
Key Financial Results
- Revenue: NZ$3.86b (down 14% from FY 2023).
- Net income: NZ$316.0m (down 72% from FY 2023).
- Profit margin: 8.2% (down from 25% in FY 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: NZ$0.17 (down from NZ$0.61 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Spark New Zealand Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 24%.
The primary driver behind last 12 months revenue was the Mobile segment contributing a total revenue of NZ$1.47b (38% of total revenue). Notably, cost of sales worth NZ$2.64b amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to NZ$527.0m (58% of total expenses). Explore how SPK's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Oceania.
Performance of the market in New Zealand.
The company's shares are down 12% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Spark New Zealand (1 is significant!) that you need to take into consideration.
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