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Fletcher Building Raises $700m, Cuts Costs Amid 7% Revenue Drop in HY25
6:51am on Monday 2nd of June, 2025 AEST
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Construction and Building Materials
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Fletcher Building Raises $700m, Cuts Costs Amid 7% Revenue Drop in HY25
6:51am on Monday 2nd of June, 2025 AEST
Key Points
HY25 revenue down 7% to NZ$3.583 billion amid subdued residential and Australian markets
EBIT before significant items fell 37% to NZ$167 million, impacted by lower volumes and inflation
Net loss after tax widened to NZ$134 million, including a NZ$170 million provision for WA plumbing failures
Successful $700 million equity raise reduced net debt to NZ$1.1 billion and leverage to 1.4x
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FLETCHER BUILDING (ASX:FBU)
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