Market cap
$1.4m
End-of-day close multiplied by current shares on issue.
RTO · NZX
Blackwell Global Holdings is an NZX-listed industrials / holding company company with FY21 - HY26 of published result briefings.
Snapshot
HY26, released 28 November 2025
| Metric | Value | Change |
|---|---|---|
| Revenue | $0.07m | ↓ -77.2% |
| NPAT | -$0.1m | ↓ -150.0% |
| Operating cash flow | -$0.07m | ↑ +54.0% |
| Net debt | -$0.22m | ↑ +54.8% |
| ROE % | -18.3% | ↓ -53.5pp |
| PBT | -$0.1m | ↓ -150.0% |
| Total assets | $0.33m | ↓ -44.5% |
Source: latest published briefing (HY26, released 28 November 2025). Change compares against the prior equivalent period: HY25, released 28 November 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
$1.4m
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
-0.04
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not available for this company right now.
P/FCF
Not available
Not available for this company right now.
P/B
4.46x
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 Blackwell Global 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 | HY266 MONTHS28 November 2025 | FY2512 MONTHS29 May 2025 | HY256 MONTHS28 November 2024 | FY2412 MONTHS29 May 2024 | HY236 MONTHS29 November 2022 | FY2212 MONTHS30 May 2022 | HY226 MONTHS29 November 2021 | FY2112 MONTHS31 May 2021 | Trend |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0.07m | $0.31m | $0.31m | $0.02m | $0m | $0.05m | $0.03m | $0.53m | Chart |
| Revenue growth % | -77.2% | n/m | n/m | 111.1% | -91.2% | -89.8% | -100.0% | 21.1% | Chart |
| PBT | -$0.1m | -$0.1m | $0.2m | -$0.2m | -$0.1m | -$0.4m | -$0.2m | -$0.4m | Chart |
| NPAT | -$0.1m | -$0.1m | $0.2m | -$0.2m | -$0.1m | -$0.4m | -$0.2m | -$0.4m | Chart |
| Operating cash flow | -$0.07m | -$0.35m | -$0.15m | -$0.23m | -$0.15m | $0.13m | $0.33m | $0.18m | Chart |
| FCF pre-lease | — | -$0.35m | — | — | — | $0.13m | $0.33m | $0.18m | Chart |
| FCF post-lease | — | — | — | — | — | — | $0.33m | $0.18m | Chart |
| DPS | — | — | 0.0c | — | — | — | — | — | — |
| ROE % | -18.3% | -27.7% | 35.2% | -147.9% | -76.9% | -165.8% | 259.7% | -162.8% | Chart |
| Net debt | -$0.22m | -$0.29m | -$0.48m | -$0.09m | -$0.07m | $0.84m | $1.3m | $0.38m | Chart |
| Total assets | $0.33m | $0.38m | $0.59m | $0.72m | $1.1m | $1.2m | $1.5m | $2.7m | Chart |
Reference: annolyse.ai/companies/rto
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.
Statutory profit after tax.
Cash generated from operations.
Operating cash flow less capex before leases.
Free cash flow after lease payments where available.
Additional verified filing metrics for this company. Each point links back to a published briefing period in the source data contract.
Return on equity.
Borrowings less cash; negative values indicate net cash.
Dividend per share declared for the period.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
From Loss narrowed 77.6% but operating cash burn widened as H2 deteriorated sharply
No formal guidance or targets are disclosed. The company's stated purpose is to effect a reverse takeover transaction, and the prior comparable and interim disclosures both note that acquisition discussions have not yet produced a tangible transaction. Against that context, the FY25 result does not demonstrate a self-sustaining operating business; rather, it reflects a shell with minimal revenue activity and ongoing administrative costs.
The H2 deterioration and the current cash runway mean the timeline pressure for completing an acquisition — or raising additional capital — has tightened. Without a transaction or capital raise, the business faces a runway constraint within the current fiscal year based on observable cash consumption rates.
Open questions
This briefing cannot assess whether the H1 revenue was a genuine operating development or a one-off transaction, nor can it evaluate the probability or timing of any reverse takeover completing.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
HY26 · Released 28 November 2025
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
FY25 · Released 29 May 2025
Blackwell Global reported a smaller full-year loss, but a severe H2 reversal and deepening cash burn raise questions about near-term survival runway.
HY25 · Released 28 November 2024
Borrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.
FY24 · Released 29 May 2024
A name change to RTO Limited signals intent, but the shell has yet to announce a reverse-takeover target while cash and equity continue to erode.
HY23 · Released 29 November 2022
The shell carries $1.0m of cash and $0.9m of borrowings after a capitalisation, but operations burned $0.1m of cash with no acquisition target
FY22 · Released 30 May 2022
Net debt rose from $0.4m to $0.8m despite the debt paydown, leaving the shell with thin liquidity ahead of any reverse takeover.
HY22 · Released 29 November 2021
Operations are effectively wound down so HY21 comparatives are non-comparable, leaving shareholder value contingent on reverse takeover execution.
FY21 · Released 31 May 2021
A narrower $0.4m loss on 21.1% revenue growth is overshadowed by near-total operating cash collapse and a thin equity base following the issuer
Get the next Blackwell Global Holdings result briefing and five-year history updates by email.