Market cap
$3.7m
End-of-day close multiplied by current shares on issue.
AFC · NZX
AFC Group Holdings is an NZX-listed consumer / food and beverage company with FY21 - FY25 of published result briefings.
Snapshot
FY25, released 30 May 2025
| Metric | Value | Change |
|---|---|---|
| Revenue | $0.74m | ↓ -44.1% |
| Operating profit | $0.07m | ↑ +151.6% |
| NPAT | -$0.2m | — |
| Operating cash flow | -$0.28m | ↓ -183.8% |
| OCF / Operating profit % | -418.2% | ↓ -494.2pp |
| Net debt | $0.06m | ↑ +54.0% |
| Net debt / Operating profit | 0.94x | ↑ +403.2% |
| ROE % | -67.2%Unprecedented low roe. -67.2%; 4-period range -38.8% to -1.7%. ROE: -67.2%, unprecedented low; 4-period mean -26.1%, range -38.8%--1.7%. | ↓ -65.5pp |
| DPS | 0.0c | — |
| Payout ratio vs NPAT % | 0.0% | — |
Source: latest published briefing (FY25, released 30 May 2025). Change compares against the prior equivalent period: FY24, released 29 May 2024.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$3.7m
End-of-day close multiplied by current shares on issue.
How the market price compares with recent earnings and cash-flow inputs.
P/E
Not available
Not meaningful when recent earnings are negative.
EPS
-0.00
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
56.46x
Enterprise value compared with recent EBITDA.
P/FCF
Not available
Not meaningful when free cash flow is negative or unavailable.
P/B
15.02x
Market value compared with latest reported equity.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
0.0%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Chat
Ask follow-up questions about AFC Group Holdings's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | FY2512 MONTHS30 May 2025 | HY256 MONTHS29 November 2024 | FY2412 MONTHS29 May 2024 | FY2312 MONTHS30 May 2023 | HY236 MONTHS23 November 2022 | FY2212 MONTHS30 May 2022 | HY226 MONTHS29 November 2021 | FY2112 MONTHS28 May 2021 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.74m | $0.4m | $1.3m | $1.1m | $0.67m | $0.42m | $0.11m | $0.65m | Chart |
| Revenue growth % | -44.0% | -17.8% | 23.2% | 159.0%Unprecedented high revenue growth. 159%; 4-period range -47.6% to 23.2%. Revenue growth: 159.0%, unprecedented high; 4-period mean -26.1%, range -47.6%-23.2%. | 502.4% | -35.9% | -61.3% | -47.6%Outside range low revenue growth. -47.6%; 4-period range -44% to 159%. Revenue growth: -47.6%, below normal range; 4-period mean 25.6%, range -44.0%-159.0%. | Chart
|
| Operating profit | $0.07m | -$0.1m | -$0.13m | -$0.1m | $0.09m | -$0.66m | $0m | -$0.86m | Chart |
| Operating profit margin % | 8.9% | -24.4% | -9.7% | -9.5% | 13.7% | -157.8% | 0.0% | -132.3% | Chart |
| PBT | -$0.2m | -$0.2m | $0.1m | -$0.2m | $0.1m | -$0.7m | $0m | -$0.9m | Chart |
| NPAT | -$0.2m | -$0.1m | $0m | -$0.1m | $0m | -$0.4m | $0m | -$0.5m | Chart |
| Operating cash flow | -$0.28m | -$0.21m | -$0.1m | $0.06m | $0.07m | -$0.13m | -$0.07m | -$0.48m | Chart |
| OCF / Operating profit % | -418.2% | 212.5% | 76.0% | -60.8% | 74.9% | 19.2% | — | 56.3% | Chart |
| FCF pre-lease | -$0.28m | -$0.21m | -$0.1m | $0.06m | $0.07m | -$0.13m | -$0.07m | -$0.48m | Chart |
| FCF post-lease | -$0.28m | -$0.21m | — | — | $0.07m | — | -$0.07m | — | Chart |
| DPS | 0.0c | — | — | — | — | — | — | — | — |
| Payout ratio vs NPAT % | 0.0% | — | — | — | — | — | — | — | — |
| ROE % | -67.2%Unprecedented low roe. -67.2%; 4-period range -38.8% to -1.7%. ROE: -67.2%, unprecedented low; 4-period mean -26.1%, range -38.8%--1.7%. | -45.9% | -1.7%Unprecedented high roe. -1.7%; 4-period range -67.2% to -27.8%. ROE: -1.7%, unprecedented high; 4-period mean -42.5%, range -67.2%--27.8%. | -38.8% | -2.4% | -36.2% | -53.7% | -27.8% | Chart
|
| Net debt | $0.06m | $0.06m | $0.04m | $0.08m | $0.08m | $0.04m | $0.05m | $0.05m | Chart |
| Net debt / Operating profit | 0.94x | -0.65x | -0.31x | -0.76x | 0.88x | -0.06x | — | -0.06x | Chart |
| Debtor days | — | 30 | 30 | — | 30 | 8 | 16 | — | Chart |
| Inventory days | 150 | 876 | 125 | 107 | 206 | 335 | 3 | 380 | Chart |
| Total assets | $2.1m | $2.2m | $2m | $1.9m | $2m | $1.9m | $2.5m | $3.1m | Chart |
Reference: annolyse.ai/companies/afc
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Reported revenue across covered periods.
Like-period revenue growth where comparable.
Company-specific earnings measure where disclosed.
EBITDA-equivalent margin where revenue and earnings are source-backed.
Statutory profit after tax.
Cash generated from operations.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Cash conversion against earnings.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Leverage ratio, suppressed where earnings are not meaningful.
Dividend per share declared for the period.
Receivables days where the working-capital inputs are source-backed.
Inventory days where the working-capital inputs are source-backed.
Per-period working-capital absorption or release, from the same published history. Positive values are working-capital build; negative values are release.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From Cash fell to NZ$3k as operating burn hit NZ$208k on inventory build
No targets or forward-work indicators were disclosed, so this release does not support a quantitative bridge to a full-year outturn. The supplied shape context shows HY24 contributed only 37% of FY24 revenue, suggesting a second-half-weighted seasonal pattern that could, in theory, recover the run rate. However, second-half FY24 operating cash flow was an implied NZ$167k outflow, meaning the prior-year second half did not bail out the cash position — it deepened it.
The comparable-period selection is also flagged as inferred rather than exact, so half-on-half precision should be treated as indicative. The release itself characterises HY25 revenue as down 18% and PBT down 25%, broadly consistent with the calculated figures.
Open questions
This briefing cannot assess solvency or going-concern status, which require audited disclosures and management representations not provided in the interim materials.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY25 · Released 30 May 2025
A 44% revenue collapse drove AFC from a small prior-year profit to a NZ$185k pre-tax loss, with operating cash outflows nearly tripling and equity
HY25 · Released 29 November 2024
Revenue fell 17.8% and gross margin compressed 656bps, but the operating cash swing and 876-day inventory dominate the read.
FY24 · Released 29 May 2024
AFC Group's 130.3% PBT turnaround masks a NZ$0.2m working-capital absorption that is outside its historical range, leaving operating cash flow
FY23 · Released 30 May 2023
Headline 159% revenue growth masks a sharply weaker second half, equity down 32.4%, and an almost-exhausted cash balance against rising borrowings.
HY23 · Released 23 November 2022
Operating cash turned positive to NZ$0.1m, but a NZ$0.4m inventory build leaves AFC holding just NZ$1.6k of cash with borrowings up to NZ$0.1m.
FY22 · Released 30 May 2022
Narrower losses and a positive gross margin show some progress, but the equity base has been heavily consumed and cash stands at just NZ$14k.
HY22 · Released 29 November 2021
Operating cash outflow of NZ$71.5k against just NZ$4.6k of cash and NZ$53.4k of borrowings tightens the funding runway materially.
FY21 · Released 28 May 2021
A narrower headline loss is overshadowed by near-empty cash, operating cash burn tripling, and equity down 36.1%.
Get the next AFC Group Holdings result briefing and five-year history updates by email.