Income Statement Rakon Limited

Equities

RAK

NZRAKE0001S8

Electronic Equipment & Parts

End-of-day quote New Zealand S.E. Other stock markets 2026-02-05			5-day change	1st Jan Change
1.420 ^NZD	0.00%		+0.35%	+72.12%

Jan. 28	Siward Crystal says to sell Rakon shares to Bourns for NZ$43.43 mln	RE
Jan. 13	NZX Most Active Stocks	MT

14e0e99b7b48c46b93a424c03471744.XlUoNJUL7mpgkBTK7CwPrPwIewruJtH85XAKBMVa4b8.ARhNZNtClDJQx3b_o0Ji35ljQ1WtFLu0ikV_Va8vkds3HXdW-WGGAwXqXQ

Published financial data: RAKON LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	128M	172M	180M	128M	104M
Total Revenues	128M	172M	180M	128M	104M
Cost of Goods Sold, Total	69.34M	81.91M	91.54M	70.15M	59.01M
Gross Profit	58.92M	90.06M	88.79M	57.86M	44.65M
Selling General & Admin Expenses, Total	35.38M	37.62M	41.84M	41.8M	43.35M
R&D Expenses	13.64M	11.73M	16.98M	17.68M	11.69M
Other Operating Expenses	-260K	-937K	-325K	-350K	-758K
Other Operating Expenses, Total	48.76M	48.41M	58.49M	59.14M	54.28M
Operating Income	10.16M	41.65M	30.3M	-1.28M	-9.63M
Interest Expense, Total	-1.61M	-1.93M	-874K	-643K	-1.31M
Interest And Investment Income	29K	39K	371K	529K	501K
Net Interest Expenses	-1.58M	-1.89M	-503K	-114K	-810K
Income (Loss) On Equity Invest.	1.45M	2.38M	-1.46M	-2.33M	1.3M
Currency Exchange Gains (Loss)	-1.16M	-954K	3M	4.08M	2.04M
Other Non Operating Income (Expenses)	-17K	-17K	-17K	-19K	-18K
EBT, Excl. Unusual Items	8.84M	41.18M	31.32M	339K	-7.12M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	634K	-	-	-
Gain (Loss) On Sale Of Assets	-24K	17K	-33K	8K	5K
Asset Writedown	-	-	-	-	-
Other Unusual Items	2.34M	63K	76K	-	-
EBT, Incl. Unusual Items	11.16M	41.89M	31.36M	347K	-7.11M
Income Tax Expense	1.53M	8.78M	8.14M	-4.17M	-1.26M
Earnings From Continuing Operations	9.64M	33.11M	23.22M	4.52M	-5.85M
Net Income to Company	9.64M	33.11M	23.22M	4.52M	-5.85M
Net Income - (IS)	9.64M	33.11M	23.22M	4.52M	-5.85M
Net Income to Common Incl Extra Items	9.64M	33.11M	23.22M	4.52M	-5.85M
Net Income to Common Excl. Extra Items	9.64M	33.11M	23.22M	4.52M	-5.85M
Per Share Items
Net EPS - Basic	0.04	0.15	0.1	0.02	-0.03
Basic EPS - Continuing Operations	0.04	0.15	0.1	0.02	-0.03
Basic Weighted Average Shares Outstanding	227M	227M	227M	227M	228M
Net EPS - Diluted	0.04	0.14	0.1	0.02	-0.03
Diluted EPS - Continuing Operations	0.04	0.14	0.1	0.02	-0.03
Diluted Weighted Average Shares Outstanding	227M	228M	229M	229M	228M
Normalized Basic EPS	0.02	0.11	0.09	0	-0.02
Normalized Diluted EPS	0.02	0.11	0.09	0	-0.02
Dividend Per Share	-	-	0.02	-	-
Payout Ratio	-	-	-	64.54	-
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	14.11M	46.32M	34.63M	4.03M	-3.34M
EBITA	10.16M	41.66M	30.3M	-1.28M	-9.63M
EBIT	10.16M	41.65M	30.3M	-1.28M	-9.63M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	13.68	20.96	25.97	-1.2K	17.76
Total Current Taxes	1.59M	3.74M	8.79M	1.62M	1.4M
Total Deferred Taxes	-67K	5.04M	-644K	-5.78M	-2.66M
Normalized Net Income	5.53M	25.74M	19.58M	212K	-4.45M
Interest on Long-Term Debt	1.08M	365K	278K	334K	730K
Non-Cash Pension Expense	338K	551K	247K	459K	-583K
Supplemental Operating Expense Items
Selling and Marketing Expenses	9.44M	9.42M	10.63M	11.14M	12.43M
General and Administrative Expenses	25.94M	28.19M	31.21M	30.67M	30.92M
Research And Development Expense From Footnotes	16.01M	13.8M	19.52M	20.65M	16.77M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	-	148K	376K	643K	-100K
Total Stock-Based Compensation	-	148K	376K	643K	-100K

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	15.07M	39.23M	21.72M	17.83M	15.32M
Trading Asset Securities, Total	333K	201K	96K	7K	-
Total Cash And Short Term Investments	15.41M	39.43M	21.81M	17.84M	15.32M
Accounts Receivable, Total	30.79M	32.27M	41.77M	34.02M	40.79M
Other Receivables	7.64M	10.98M	8.48M	17.17M	9.77M
Total Receivables	38.43M	43.24M	50.26M	51.19M	50.57M
Inventory	37.7M	57.32M	62.61M	54.91M	46.39M
Prepaid Expenses	953K	1.49M	1.53M	1.74M	2.02M
Other Current Assets, Total	2.52M	1.34M	1.1M	92K	2.2M
Total Current Assets	95.01M	143M	137M	126M	116M
Gross Property Plant And Equipment	131M	134M	156M	160M	172M
Accumulated Depreciation	-105M	-108M	-118M	-114M	-121M
Net Property Plant And Equipment	25.49M	26.18M	37.82M	46.31M	50.62M
Long-term Investments	15.45M	18.85M	16.08M	12.35M	14M
Goodwill	1.29M	1.29M	1.29M	1.29M	1.29M
Other Intangibles, Total	2.06M	2.31M	2.95M	6.19M	11.89M
Deferred Tax Assets Long-Term	6.4M	1.81M	3.54M	9.08M	12.94M
Deferred Charges Long-Term	4.23M	3.56M	3.42M	3.34M	6.67M
Other Long-Term Assets, Total	4.43M	3.04M	4.84M	2.75M	3.54M
Total Assets	154M	200M	207M	207M	217M
Liabilities
Accounts Payable, Total	12.1M	21.25M	12.39M	9.2M	13.78M
Accrued Expenses, Total	14.26M	15.39M	17.91M	16.94M	15.96M
Short-term Borrowings	10.03M	-	-	-	-
Current Portion of Long-Term Debt	-	1.3M	1.64M	1.44M	1.44M
Current Portion of Leases	2.27M	2.08M	1.56M	1.82M	2.61M
Current Income Taxes Payable	-	2.46M	1.69M	852K	1.05M
Unearned Revenue Current, Total	2.81M	-	-	-	-
Other Current Liabilities	29K	854K	4.96M	3.45M	3.27M
Total Current Liabilities	41.5M	43.32M	40.15M	33.71M	38.1M
Long-Term Debt	-	14.68M	3.6M	5.16M	10.96M
Long-Term Leases	5.42M	3.4M	2.51M	4.96M	7.49M
Pension & Other Post Retirement Benefits	2.05M	1.7M	1.86M	2.49M	2.01M
Deferred Tax Liability Non Current	132K	91K	64K	71K	140K
Other Non Current Liabilities	1.34M	1.5M	2.23M	1.43M	4.19M
Total Liabilities	50.44M	64.7M	50.41M	47.81M	62.9M
Common Stock, Total	181M	181M	181M	182M	182M
Retained Earnings	-56.24M	-23.13M	93K	1.13M	-5.19M
Comprehensive Income and Other	-20.86M	-22.73M	-24.25M	-23.43M	-21.85M
Total Common Equity	104M	135M	157M	159M	155M
Total Equity	104M	135M	157M	159M	155M
Total Liabilities And Equity	154M	200M	207M	207M	217M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	227M	227M	227M	228M	228M
ECS Total Common Shares Outstanding	227M	227M	227M	228M	228M
Book Value / Share	0.46	0.6	0.69	0.7	0.68
Tangible Book Value	101M	132M	153M	152M	141M
Tangible Book Value Per Share	0.44	0.58	0.67	0.67	0.62
Total Debt	17.72M	21.46M	9.3M	13.37M	22.5M
Net Debt	2.32M	-17.97M	-12.51M	-4.47M	7.18M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	12.33M	16.17M	14.15M	11.95M	13.66M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	12.49M	21.66M	25.27M	21.27M	20.36M
Inventories - Work In Process, Total	17.96M	25.93M	27.68M	25.55M	19.55M
Inventories - Finished Goods, Total	7.25M	9.73M	9.66M	8.09M	6.48M
Land - (BS)	5.73M	7.24M	2.8M	9.83M	10.1M
Machinery, Total	99.6M	101M	114M	120M	126M
Full Time Employees	-	1K	1K	870	-
Accumulated Allowance for Doubtful Accounts (Supple)	690K	1M	1.2M	705K	774K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	9.64M	33.11M	23.22M	4.52M	-5.85M
Depreciation & Amortization - CF	6.63M	7.09M	6.54M	7.18M	8.51M
Amortization of Goodwill and Intangible Assets - (CF)	-	2K	-	-	-
Depreciation & Amortization, Total	6.63M	7.09M	6.54M	7.18M	8.51M
Amortization of Deferred Charges, Total - (CF)	2.06M	1.85M	1.24M	952K	1.31M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-634K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-1.45M	-2.38M	1.46M	2.33M	-1.3M
Stock-Based Compensation (CF)	-	108K	347K	446K	160K
Provision and Write-off of Bad Debts	73K	291K	222K	-497K	54K
Other Operating Activities, Total	-1.35M	4.74M	-874K	-1.49M	-4.21M
Change In Accounts Receivable	1.5M	-3.71M	-8.79M	2.82M	-1.63M
Change In Inventories	-1.87M	-21.56M	-5.29M	7.71M	8.52M
Change In Accounts Payable	4.53M	10.36M	-7.12M	-4.5M	2.66M
Change In Income Taxes	463K	998K	-612K	-1.62M	810K
Change in Other Net Operating Assets	-168K	-17K	785K	-7K	-45K
Cash from Operations	20.06M	30.24M	11.11M	17.83M	9M
Capital Expenditure	-4.19M	-8.46M	-17.34M	-12.72M	-7.14M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-882K	-1.71M	-1.36M	-4.31M	-9.82M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-5.08M	-10.17M	-18.7M	-17.03M	-16.96M
Long-Term Debt Issued, Total	6.45M	10M	-	875K	8.39M
Total Debt Issued	6.45M	10M	-	875K	8.39M
Long-Term Debt Repaid, Total	-2.96M	-2.62M	-13.22M	-3.06M	-3.77M
Total Debt Repaid	-2.96M	-2.62M	-13.22M	-3.06M	-3.77M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-2.91M	-
Common & Preferred Stock Dividends Paid	-	-	-	-2.91M	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	3.49M	7.38M	-13.22M	-5.1M	4.63M
Foreign Exchange Rate Adjustments	765K	311K	3.29M	407K	832K
Net Change in Cash	19.24M	27.76M	-17.51M	-3.89M	-2.51M
Supplemental Items
Cash Interest Paid	534K	1.81M	1M	662K	1.15M
Cash Income Tax Paid (Refund)	1.29M	475K	9.5M	3.23M	386K
Levered Free Cash Flow	9.48M	10.71M	-7.25M	-8.39M	-3.72M
Unlevered Free Cash Flow	10.49M	11.91M	-6.71M	-7.99M	-2.9M
Change In Net Working Capital	-524K	13.04M	15.1M	-1.06M	-10.36M
Net Debt Issued / Repaid	3.49M	7.38M	-13.22M	-2.18M	4.63M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.17	14.7	9.3	-0.39	-2.83
Return on Total Capital	5.38	18.71	11.73	-0.47	-3.44
Return On Equity %	9.85	27.7	15.9	2.86	-3.73
Return on Common Equity	9.85	27.7	15.9	2.86	-3.73
Margin Analysis
Gross Profit Margin %	45.93	52.37	49.24	45.2	43.08
SG&A Margin	27.58	21.87	23.2	32.66	41.82
EBITDA Margin %	11	26.93	19.21	3.14	-3.23
EBITA Margin %	7.92	24.22	16.8	-1	-9.29
EBIT Margin %	7.92	24.22	16.8	-1	-9.29
Income From Continuing Operations Margin %	7.51	19.25	12.88	3.53	-5.64
Net Income Margin %	7.51	19.25	12.88	3.53	-5.64
Net Avail. For Common Margin %	7.51	19.25	12.88	3.53	-5.64
Normalized Net Income Margin	4.31	14.96	10.85	0.17	-4.29
Levered Free Cash Flow Margin	7.39	6.23	-4.02	-6.56	-3.58
Unlevered Free Cash Flow Margin	8.18	6.93	-3.72	-6.24	-2.79
Asset Turnover
Asset Turnover	0.84	0.97	0.89	0.62	0.49
Fixed Assets Turnover	4.74	6.66	5.64	3.04	2.12
Receivables Turnover (Average Receivables)	3.94	5.45	4.87	3.38	2.6
Inventory Turnover (Average Inventory)	1.84	1.72	1.53	1.19	1.17
Short Term Liquidity
Current Ratio	2.29	3.3	3.42	3.73	3.06
Quick Ratio	1.3	1.91	1.8	2.05	1.73
Operating Cash Flow to Current Liabilities	0.48	0.7	0.28	0.53	0.24
Days Sales Outstanding (Average Receivables)	92.7	66.93	74.93	108.33	140.28
Days Outstanding Inventory (Average Inventory)	198.24	211.72	239.1	306.57	313.27
Average Days Payable Outstanding	56.8	59.94	63.39	63.27	83.09
Cash Conversion Cycle (Average Days)	234.14	218.7	250.64	351.64	370.46
Long Term Solvency
Total Debt/Equity	17.05	15.88	5.93	8.39	14.56
Total Debt / Total Capital	14.57	13.7	5.6	7.74	12.71
LT Debt/Equity	5.21	13.38	3.89	6.35	11.94
Long-Term Debt / Total Capital	4.45	11.55	3.68	5.86	10.42
Total Liabilities / Total Assets	32.67	32.37	24.32	23.09	28.93
EBIT / Interest Expense	6.3	21.6	34.67	-1.99	-7.35
EBITDA / Interest Expense	10.42	25.28	42.15	9.18	-0.85
(EBITDA - Capex) / Interest Expense	7.81	20.89	22.31	-10.6	-6.3
Total Debt / EBITDA	1.06	0.44	0.25	2.27	-20.09
Net Debt / EBITDA	0.14	-0.37	-0.34	-0.76	-6.41
Total Debt / (EBITDA - Capex)	1.41	0.53	0.48	-1.96	-2.73
Net Debt / (EBITDA - Capex)	0.18	-0.45	-0.64	0.66	-0.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.8	34.08	4.87	-29.02	-19.02
Gross Profit, 1 Yr. Growth %	13.23	52.86	-1.41	-34.84	-22.83
EBITDA, 1 Yr. Growth %	78.46	228.34	-25.23	-88.38	-181.95
EBITA, 1 Yr. Growth %	155.15	310.2	-27.27	-104.22	686.76
EBIT, 1 Yr. Growth %	155.15	310.18	-27.26	-104.22	686.76
Earnings From Cont. Operations, 1 Yr. Growth %	142.16	243.55	-29.88	-80.55	-237.53
Net Income, 1 Yr. Growth %	142.16	243.55	-29.88	-80.55	-237.53
Normalized Net Income, 1 Yr. Growth %	172.07	365.53	-23.94	-98.92	-9.34K
Diluted EPS Before Extra, 1 Yr. Growth %	139.52	245.24	-29.66	-80.54	-239.05
Accounts Receivable, 1 Yr. Growth %	-10.37	4.79	29.45	-18.53	4.91
Inventory, 1 Yr. Growth %	0.2	52.05	9.23	-12.31	-15.52
Net Property, Plant and Equip., 1 Yr. Growth %	-11.04	2.7	44.47	22.44	7.39
Total Assets, 1 Yr. Growth %	2.74	29.48	3.7	-0.08	4.71
Tangible Book Value, 1 Yr. Growth %	13.65	30.81	16	-0.53	-6.58
Common Equity, 1 Yr. Growth %	13.14	30.06	16.05	1.54	-2.69
Cash From Operations, 1 Yr. Growth %	113.37	50.75	-63.25	60.47	-50.01
Capital Expenditures, 1 Yr. Growth %	11.75	101.74	104.96	-26.68	-43.87
Levered Free Cash Flow, 1 Yr. Growth %	137.53	12.95	-167.73	15.73	-54.82
Unlevered Free Cash Flow, 1 Yr. Growth %	125.74	13.6	-156.29	19.17	-62.79
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.08	20.22	18.58	-13.72	-24.18
Gross Profit, 2 Yr. CAGR %	6.78	31.56	22.76	-19.85	-29.09
EBITDA, 2 Yr. CAGR %	31.03	142.06	56.69	-70.52	-68.92
EBITA, 2 Yr. CAGR %	51.05	223.52	72.73	-82.47	-43.62
EBIT, 2 Yr. CAGR %	51.05	223.51	72.73	-82.47	-43.62
Earnings From Cont. Operations, 2 Yr. CAGR %	69.26	188.43	55.21	-63.07	-49.81
Net Income, 2 Yr. CAGR %	69.26	188.43	55.21	-63.07	-49.81
Normalized Net Income, 2 Yr. CAGR %	26.17	255.89	88.18	-90.93	-52.33
Diluted EPS Before Extra, 2 Yr. CAGR %	68.34	187.56	55.84	-63	-49.51
Accounts Receivable, 2 Yr. CAGR %	-3.91	-3.09	16.47	2.68	-1.16
Inventory, 2 Yr. CAGR %	-2.07	23.43	28.88	-2.13	-13.93
Net Property, Plant and Equip., 2 Yr. CAGR %	14.65	-4.41	21.81	33	15.69
Total Assets, 2 Yr. CAGR %	6.34	15.34	15.88	1.79	2.43
Tangible Book Value, 2 Yr. CAGR %	7.32	21.93	23.18	7.42	-3.76
Common Equity, 2 Yr. CAGR %	7.45	21.3	22.86	8.56	-0.74
Cash From Operations, 2 Yr. CAGR %	236.83	79.35	-25.57	-23.21	-10.03
Capital Expenditures, 2 Yr. CAGR %	-17.67	50.15	103.35	22.59	-35.85
Levered Free Cash Flow, 2 Yr. CAGR %	-17.6	63.8	-12.54	-11.47	-28.43
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.22	60.14	-20.03	-18.1	-34.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.24	14.69	14.87	-0.06	-15.53
Gross Profit, 3 Yr. CAGR %	10.81	20.35	19.5	-0.6	-20.85
EBITDA, 3 Yr. CAGR %	28.83	77.98	63.63	-34.16	-58.36
EBITA, 3 Yr. CAGR %	35.37	110.74	96.72	-49.86	-38.63
EBIT, 3 Yr. CAGR %	35.37	110.73	96.72	-49.86	-38.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.22	114.31	80.02	-22.34	-43.89
Net Income, 3 Yr. CAGR %	-1.22	114.31	80.02	-22.34	-43.89
Normalized Net Income, 3 Yr. CAGR %	56.79	94.97	112.78	-66.28	-44.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.78	113.88	79.84	-22.11	-43.61
Accounts Receivable, 3 Yr. CAGR %	5.69	-1.1	6.73	3.38	8.13
Inventory, 3 Yr. CAGR %	15.97	13.4	18.5	13.35	-6.81
Net Property, Plant and Equip., 3 Yr. CAGR %	23.66	10.52	9.69	22.02	24.58
Total Assets, 3 Yr. CAGR %	10.82	13.55	11.32	10.29	2.85
Tangible Book Value, 3 Yr. CAGR %	6.85	14.64	19.92	14.71	2.42
Common Equity, 3 Yr. CAGR %	6.08	14.51	19.53	15.3	4.57
Cash From Operations, 3 Yr. CAGR %	36.4	157.65	5.73	-3.85	-33.25
Capital Expenditures, 3 Yr. CAGR %	9.03	10.99	66.56	44.73	-5.51
Levered Free Cash Flow, 3 Yr. CAGR %	23.54	-8.46	22.03	-3.98	-29.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	25.26	-4.35	13.02	-8.66	-37.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.61	12.66	12.26	2.35	-2.72
Gross Profit, 5 Yr. CAGR %	4.21	21.74	15.45	2.29	-3.01
EBITDA, 5 Yr. CAGR %	25.07	164.17	39.32	-13.3	-15.8
EBITA, 5 Yr. CAGR %	72.49	61	49.23	-22.06	19.33
EBIT, 5 Yr. CAGR %	102.67	61	49.23	-22.06	19.33
Earnings From Cont. Operations, 5 Yr. CAGR %	40.97	19.55	18.35	6.06	8
Net Income, 5 Yr. CAGR %	40.97	19.55	18.35	6.06	8
Normalized Net Income, 5 Yr. CAGR %	64.2	44.36	68.66	-42.84	16.96
Diluted EPS Before Extra, 5 Yr. CAGR %	35.6	15.87	18.86	6.02	8.2
Accounts Receivable, 5 Yr. CAGR %	3.82	5.03	9.88	0.4	3.49
Inventory, 5 Yr. CAGR %	4.79	18.74	20.97	6.91	4.28
Net Property, Plant and Equip., 5 Yr. CAGR %	8.14	15.49	22.91	19.01	12.06
Total Assets, 5 Yr. CAGR %	4.94	13.91	12.81	8.69	7.67
Tangible Book Value, 5 Yr. CAGR %	5.87	13.6	13.11	11.69	9.82
Common Equity, 5 Yr. CAGR %	4.49	12.64	12.5	12.09	10.97
Cash From Operations, 5 Yr. CAGR %	22.45	26.05	7.05	58.76	-0.88
Capital Expenditures, 5 Yr. CAGR %	4.43	26.75	39.9	15.49	13.72
Levered Free Cash Flow, 5 Yr. CAGR %	150.36	27.6	7.6	-9.68	-1.42
Unlevered Free Cash Flow, 5 Yr. CAGR %	76.71	24.08	4.68	-10.1	-9.02