Cash flow Vector Limited

Stocks

VCT

NZVCTE0001S7

Multiline Utilities

End-of-day quote New Zealand S.E. Other stock markets 2026-07-13			5-day change	1st Jan Change
4.900 ^NZD	+1.03%		-0.41%	+0.41%

Jun. 23	NZX Biggest Losers	MT
Jun. 02	New Zealand Shares Fall; Vector to Retain Ownership of Fibre Business Following Strategic Review	MT

5d16e8.5cCAnrl1n3OOIgm-2WcrGNke7x3YCfvpMqWJzNH4DD0.1qHh-v4NyzzFEDv19DhKKJdfti-ZR42sbZTqjp-ZeQuplszIjh7-Oc1qXA

Published financial data: VECTOR LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues - (Utility Template)	1.28B	1.34B	1.19B	1.14B	1.1B
Total Revenues	1.28B	1.34B	1.19B	1.14B	1.1B
Fuel & Purchased Power	-	-	-	-	-
Operations And Maintenance	-	-	-	-	-
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS) - (Collected)	270M	290M	205M	231M	231M
Other Operating Expenses	643M	678M	670M	581M	492M
Total Operating Expenses	913M	968M	874M	812M	724M
Operating Income (REIT / Utility Template)	366M	371M	318M	330M	380M
Interest Expense, Total	-117M	-118M	-157M	-105M	-98M
Interest and Investment Income	2.9M	3.8M	5.8M	52M	25.6M
Net Interest Expenses	-114M	-115M	-151M	-52.6M	-72.4M
Income (Loss) on Equity Invest.	1.8M	-	-	-24.9M	-21.1M
Other Non Operating Income (Expenses)	2.2M	14.3M	-7.2M	-12M	-8.5M
EBT, Excl. Unusual Items	256M	271M	160M	240M	278M
Impairment of Goodwill	-	-40.2M	-	-60M	-37M
Gain (Loss) on Sale of Investments	-	7.1M	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	256M	238M	160M	180M	241M
Income Tax Expense	61M	76.9M	47.1M	100M	86.5M
Earnings From Continuing Operations	195M	161M	113M	79.9M	155M
Earnings Of Discontinued Operations	-	-	1.6B	11.1M	11.8M
Net Income to Company	195M	161M	1.72B	91M	166M
Minority Interest	-1.4M	-2M	-1.5M	-2.4M	-
Net Income - (IS)	193M	159M	1.71B	88.6M	166M
Net Income to Common Incl Extra Items	193M	159M	1.71B	88.6M	166M
Net Income to Common Excl. Extra Items	193M	159M	111M	77.5M	155M
Per Share Items
Net EPS - Basic	0.19	0.16	1.71	0.09	0.17
Basic EPS - Continuing Operations	0.19	0.16	0.11	0.08	0.15
Basic Weighted Average Shares Outstanding	1B	1B	1B	1B	1B
Net EPS - Diluted	0.19	0.16	1.71	0.09	0.17
Diluted EPS - Continuing Operations	0.19	0.16	0.11	0.08	0.15
Diluted Weighted Average Shares Outstanding	1B	1B	1B	1B	1B
Normalized Basic EPS	0.16	0.17	0.1	0.15	0.17
Normalized Diluted EPS	0.16	0.17	0.1	0.15	0.17
Dividend Per Share	0.17	0.17	0.17	0.22	0.25
Payout Ratio	83.24	-	-	200.34	160.66
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
Utility Revenues	974M	1.03B	1.13B	1.08B	1.04B
Non Utility Revenues	305M	308M	63.5M	66.2M	65.4M
EBITDA	586M	612M	535M	519M	572M
EBITA	368M	373M	319M	330M	380M
EBIT	366M	371M	318M	330M	380M
EBITDAR	586M	612M	535M	520M	-
Effective Tax Rate - (Ratio)	23.87	32.34	29.49	55.64	35.86
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	33.4M	23.8M	-12.2M	19.9M	18.7M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	27.6M	53.1M	59.3M	80.3M	67.8M
Normalized Net Income	158M	167M	98.31M	148M	174M
Interest Capitalized	4.5M	5.1M	7.1M	5.6M	5.6M
Interest on Long-Term Debt	122M	124M	164M	110M	104M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	200K	200K	200K	100K	-
Imputed Operating Lease Interest Expense	62K	62.14K	93.81K	39.71K	-
Imputed Operating Lease Depreciation	138K	138K	106K	60.29K	-
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	17.4M	22.5M	89.9M	77.4M	23.3M
Short Term Investments - (Utility / Insurance Templates)	-	-	447M	27.2M	-
Accounts Receivable, Total	166M	169M	177M	167M	168M
Other Receivables	43M	40.8M	57.4M	40.5M	36.4M
Accounts Receivable (Summary Subtotal)	209M	210M	234M	208M	204M
Inventory - (Utility Template)	12.4M	24.2M	21.1M	26.4M	11.5M
Prepaid Expenses	8.7M	12.3M	9M	10M	8.7M
Other Current Assets, Total	60.4M	64M	24.5M	32.9M	10.6M
Total Current Assets	308M	332M	826M	382M	258M
Gross Property Plant And Equipment	6.82B	7.28B	6.36B	6.8B	6.92B
Accumulated Depreciation	-2.16B	-2.37B	-1.92B	-2.07B	-2.07B
Net Property Plant And Equipment	4.66B	4.91B	4.44B	4.73B	4.85B
Goodwill	1.16B	1.12B	1.1B	1.03B	953M
Other Intangibles, Total	128M	138M	107M	101M	98.8M
Long-Term Investments - (Utility Template)	12.3M	12.2M	736M	685M	606M
Deferred Tax Assets Long-Term (Collected)	2.1M	2.4M	2.9M	2.1M	100K
Other Long-Term Assets, Total	243M	294M	314M	199M	157M
Total Assets	6.52B	6.81B	7.53B	7.13B	6.92B
Liabilities
Accounts Payable, Total	175M	160M	233M	182M	169M
Accrued Expenses, Total	47M	39.9M	37.8M	40.6M	37M
Current Portion of Long-Term Debt	232M	371M	241M	250M	-
Current Portion of Leases	8.4M	9.3M	8.2M	7.1M	6M
Current Income Taxes Payable	1.8M	400K	1.5M	700K	-
Unearned Revenue, Current	65M	97.5M	72.7M	73.9M	52.6M
Other Current Liabilities - (Bank / Utility Template)	22.2M	22.3M	21.1M	2.8M	1.2M
Total Current Liabilities	551M	700M	615M	557M	266M
Long-Term Debt	2.84B	2.86B	2.03B	1.79B	2.05B
Long-Term Leases	29M	18.4M	56.8M	61M	45.5M
Unearned Revenue Non Current	30.2M	17.9M	11M	6.8M	2.9M
Deferred Tax Liability Non-Current	562M	652M	692M	762M	814M
Other Non Current Liabilities, Total	173M	136M	166M	173M	144M
Total Liabilities	4.18B	4.38B	3.57B	3.35B	3.32B
Common Stock, Total	880M	880M	880M	880M	880M
Retained Earnings	1.47B	1.47B	3.01B	2.87B	2.75B
Treasury Stock	-200K	-100K	-100K	-100K	-100K
Comprehensive Income and Other	-34.1M	68.7M	50.7M	13.3M	-32.9M
Total Common Equity	2.32B	2.41B	3.94B	3.76B	3.6B
Minority Interest	15.7M	16.1M	15.2M	15.2M	-
Total Equity	2.34B	2.43B	3.96B	3.78B	3.6B
Total Liabilities And Equity	6.52B	6.81B	7.53B	7.13B	6.92B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1B	1B	1B	1B	1B
ECS Total Common Shares Outstanding	1B	1B	1B	1B	1B
Book Value / Share	2.32	2.41	3.94	3.76	3.6
Tangible Book Value	1.03B	1.15B	2.73B	2.63B	2.55B
Tangible Book Value Per Share	1.03	1.15	2.73	2.63	2.55
Total Debt	3.11B	3.26B	2.33B	2.11B	2.1B
Net Debt	3.09B	3.23B	1.8B	2B	2.08B
Debt Equivalent Oper. Leases	1.6M	1.6M	1.6M	800K	-
Minority Interest, Total (Incl. Fin. Div)	15.7M	16.1M	15.2M	15.2M	-
Equity Method Investments, Total	-	-	727M	684M	606M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	231M	234M	238M	253M	262M
Machinery, Total	6.44B	6.88B	5.89B	6.27B	6.44B
Full Time Employees	600	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.9M	4M	4.8M	5.7M	6.3M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	193M	159M	1.71B	88.6M	168M
Depreciation, Depletion & Amortization	229M	250M	227M	200M	201M
Amortization of Goodwill and Intangible Assets - (CF)	1.6M	1.3M	700K	-	-
Total Depreciation, Depletion & Amortization	230M	251M	228M	200M	201M
Amortization of Deferred Charges, Total	39.8M	38.5M	30.1M	31.2M	30.6M
(Gain) Loss On Sale of Asset - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-7.1M	-	-	-
Total Asset Writedown	-	40.2M	-	60.6M	37M
(Income) Loss On Equity Investments - (CF)	-1.8M	-	-	24.9M	21.1M
Change in Accounts Receivable	-7M	-6.4M	-29.6M	30.3M	13.9M
Change In Inventories	-3M	-11.8M	3.1M	-5.3M	14.9M
Change in Accounts Payable	14.1M	-41.1M	97.1M	-46.2M	-16.7M
Change in Unearned Revenues	3.3M	20.2M	-31.7M	-3M	-22.3M
Change In Income Taxes	13.9M	200K	8.4M	18M	16.2M
Change in Other Net Operating Assets (Collected)	-	-	-	-17.1M	-8.5M
Other Operating Activities	16.3M	75.9M	37.4M	63.5M	64.2M
Net Cash From Discontinued Operations	-	-	-1.54B	-	-3.7M
Cash from Operations	499M	519M	517M	445M	515M
Capital Expenditure	-475M	-511M	-602M	-465M	-444M
Sale of Property, Plant, and Equipment	200K	1.7M	900K	2.7M	400K
Cash Acquisitions	-	-	-	-	-
Purchase / Sale of Intangible Assets	-41.3M	-48.2M	-37.5M	-24M	-31.2M
Investment in Marketable and Equity Securities, Total	200K	16.4M	1.7M	1.4M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	95.6M	36.2M
Other Investing Activities, Total	4.4M	6.3M	1.7B	-4M	164M
Cash from Investing	-511M	-534M	1.07B	-393M	-274M
Long-Term Debt Issued, Total	530M	351M	539M	15M	260M
Total Debt Issued	530M	351M	539M	15M	260M
Long-Term Debt Repaid, Total	-361M	-161M	-1.44B	-265M	-313M
Total Debt Repaid	-361M	-161M	-1.44B	-265M	-313M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-161M	-	-	-178M	-268M
Common & Preferred Stock Dividends Paid	-161M	-	-	-178M	-268M
Special Dividend Paid	-4.18M	-168M	-168M	-55M	-
Other Financing Activities, Total	-2.6M	-1.6M	-2.4M	-2.4M	-1.2M
Cash from Financing	1.4M	20.7M	-1.07B	-484M	-322M
Net Change in Cash	-10.9M	5.1M	514M	-432M	-81.3M
Supplemental Items
Cash Interest Paid	125M	125M	165M	111M	103M
Cash Income Tax Paid (Refund)	21.1M	20.1M	20M	4.8M	2.7M
Net Debt Issued / Repaid	169M	190M	-898M	-250M	-53.4M
Levered Free Cash Flow	-130M	-122M	-212M	-172M	-65.32M
Unlevered Free Cash Flow	-56.51M	-47.64M	-114M	-106M	-4.08M
Change In Net Working Capital	39.1M	10.7M	-68M	54.5M	-1.8M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.55	3.48	2.77	2.81	3.38
Return on Total Capital	4.21	4.17	3.32	3.38	4.1
Return On Equity %	8.47	6.75	3.53	2.07	4.19
Return on Common Equity	8.47	6.71	3.5	2.01	4.2
Margin Analysis
Gross Profit Margin %	49.71	49.42	43.9	49.11	55.4
SG&A Margin	-	-	-	-	-
EBITDA Margin %	45.82	45.72	44.88	45.51	51.83
EBITA Margin %	28.73	27.83	26.72	28.88	34.44
EBIT Margin %	28.6	27.73	26.66	28.88	34.44
Income From Continuing Operations Margin %	15.21	12.02	9.44	7	14.01
Net Income Margin %	15.1	11.87	143.78	7.76	15.08
Net Avail. For Common Margin %	15.1	11.87	9.32	6.79	14.01
Normalized Net Income Margin	12.38	12.5	8.25	12.94	15.75
Levered Free Cash Flow Margin	-10.14	-9.09	-17.8	-15.05	-5.92
Unlevered Free Cash Flow Margin	-4.42	-3.56	-9.58	-9.32	-0.37
Asset Turnover
Asset Turnover	0.2	0.2	0.17	0.16	0.16
Fixed Assets Turnover	0.28	0.28	0.26	0.25	0.23
Receivables Turnover (Average Receivables)	7.94	8.01	6.9	6.63	6.59
Inventory Turnover (Average Inventory)	59.02	37.01	29.53	24.45	25.98
Short Term Liquidity
Current Ratio	0.56	0.47	1.34	0.69	0.97
Quick Ratio	0.41	0.33	1.25	0.56	0.85
Operating Cash Flow to Current Liabilities	0.91	0.74	0.84	0.8	1.94
Days Sales Outstanding (Average Receivables)	45.99	45.58	52.87	55.18	55.43
Days Outstanding Inventory (Average Inventory)	6.18	9.86	12.36	14.97	14.05
Average Days Payable Outstanding	92.93	88.57	107.75	127.7	134.5
Cash Conversion Cycle (Average Days)	-40.75	-33.13	-42.52	-57.56	-65.02
Long Term Solvency
Total Debt/Equity	133.08	134.03	58.96	55.78	58.34
Total Debt / Total Capital	57.1	57.27	37.09	35.81	36.84
LT Debt/Equity	122.78	118.38	52.68	48.98	58.17
Long-Term Debt / Total Capital	52.67	50.58	33.14	31.44	36.74
Total Liabilities / Total Assets	64.18	64.33	47.42	47	47.98
EBIT / Interest Expense	3.12	3.13	2.03	3.15	3.88
EBITDA / Interest Expense	5.09	5.25	3.48	5.06	5.93
(EBITDA - Capex) / Interest Expense	1.03	0.95	-0.35	0.62	1.4
Total Debt / EBITDA	5.21	5.23	4.28	3.98	3.62
Net Debt / EBITDA	5.18	5.2	3.29	3.78	3.58
Total Debt / (EBITDA - Capex)	25.62	29.08	-41.97	32.66	15.3
Net Debt / (EBITDA - Capex)	25.48	28.88	-32.32	31.04	15.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.14	4.67	8.06	5.4	8.98
Gross Profit, 1 Yr. Growth %	10.34	4.06	7.23	10.21	13.13
EBITDA, 1 Yr. Growth %	9.98	4.54	0.19	2.14	5.85
EBITA, 1 Yr. Growth %	14.88	1.55	8.18	8.49	17.96
EBIT, 1 Yr. Growth %	16.68	1.64	8.42	8.49	17.96
Earnings From Cont. Operations, 1 Yr. Growth %	100	-17.32	9.85	-21.82	104.63
Net Income, 1 Yr. Growth %	102.52	-17.75	978.85	-94.83	87.92
Diluted EPS Before Extra, 1 Yr. Growth %	102.51	-17.76	10.54	-23.04	104.63
Normalized Net Income, 1 Yr. Growth %	40.01	5.66	-17.04	65.8	19.25
Net Property, Plant and Equip., 1 Yr. Growth %	5.87	5.29	-9.53	6.41	2.62
Inventory, 1 Yr. Growth %	31.91	95.16	-12.81	25.12	-56.44
Accounts Receivable, 1 Yr. Growth %	5.74	1.81	4.74	-5.26	0.3
Total Assets, 1 Yr. Growth %	2.17	4.49	10.5	-5.34	-2.85
Tangible Book Value, 1 Yr. Growth %	7.09	12.12	137.41	-3.85	-3.06
Cash From Operations, 1 Yr. Growth %	25.62	3.95	-0.33	-13.92	15.75
Capital Expenditures, 1 Yr. Growth %	8.75	7.52	17.8	-22.74	-4.52
Levered Free Cash Flow, 1 Yr. Growth %	208.68	-6.48	24.46	-37.51	-65.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-247.17	-16.26	18.42	-39.69	-96.7
Dividend Per Share, 1 Yr. Growth %	1.52	0	0	32.84	12.36
Common Equity, 1 Yr. Growth %	3.43	4.07	63.33	-4.6	-4.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.5	1.72	-3.46	1.7	0.98
Gross Profit, 2 Yr. CAGR %	-6.51	7.15	-9.28	7.15	9.67
EBITDA, 2 Yr. CAGR %	5.1	7.17	-4.41	-1.39	6.08
EBITA, 2 Yr. CAGR %	6.17	7.92	-6.81	5.79	11.87
EBIT, 2 Yr. CAGR %	7.22	8.81	-6.71	6.03	11.87
Earnings From Cont. Operations, 2 Yr. CAGR %	52.21	28.59	-23.93	-11.71	23.03
Net Income, 2 Yr. CAGR %	52.66	29.06	197.88	-25.33	-68.84
Diluted EPS Before Extra, 2 Yr. CAGR %	52.66	29.05	-24.17	-12.19	23.95
Normalized Net Income, 2 Yr. CAGR %	18.2	21.63	-21.21	11.63	39.72
Net Property, Plant and Equip., 2 Yr. CAGR %	5.3	5.58	-2.4	-1.88	4.5
Inventory, 2 Yr. CAGR %	21.5	60.45	30.45	4.45	-26.17
Accounts Receivable, 2 Yr. CAGR %	-4.45	3.76	3.27	-0.39	-2.52
Total Assets, 2 Yr. CAGR %	3.71	3.32	7.45	2.27	-4.1
Common Equity, 2 Yr. CAGR %	-0.27	3.75	30.37	24.83	-4.43
Tangible Book Value, 2 Yr. CAGR %	3.49	9.57	63.15	51.08	-3.46
Cash From Operations, 2 Yr. CAGR %	19.74	14.27	1.79	-7.37	-0.18
Capital Expenditures, 2 Yr. CAGR %	11.32	8.13	12.54	-4.6	-14.11
Levered Free Cash Flow, 2 Yr. CAGR %	18.41	70.15	27.7	0.37	-51.25
Unlevered Free Cash Flow, 2 Yr. CAGR %	128.09	11.38	41.69	5.03	-84.8
Dividend Per Share, 2 Yr. CAGR %	0.75	0.75	0	15.25	22.17
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.25	0.51	-2.69	-3.74	0.02
Gross Profit, 3 Yr. CAGR %	-2.94	-3.11	-3.16	-4.13	7.81
EBITDA, 3 Yr. CAGR %	4.18	4.88	0.13	-3.92	2.32
EBITA, 3 Yr. CAGR %	4.61	4.55	-0.14	-3.51	8.89
EBIT, 3 Yr. CAGR %	5.04	5.27	0.46	-3.37	9.05
Earnings From Cont. Operations, 3 Yr. CAGR %	9.11	24.19	4.99	-25.68	14.71
Net Income, 3 Yr. CAGR %	9.24	24.22	161.93	-22.88	1.57
Diluted EPS Before Extra, 3 Yr. CAGR %	9.19	24.22	5.21	-26.25	15.46
Normalized Net Income, 3 Yr. CAGR %	11.24	13.86	-4.56	-2.3	13.63
Net Property, Plant and Equip., 3 Yr. CAGR %	5.27	5.3	0.28	0.45	-0.41
Inventory, 3 Yr. CAGR %	2.25	42.29	30.93	28.65	-21.96
Accounts Receivable, 3 Yr. CAGR %	-2.19	-2.41	4.09	0.34	-0.16
Total Assets, 3 Yr. CAGR %	3.93	3.97	5.66	3.01	0.54
Common Equity, 3 Yr. CAGR %	-1.68	1.15	20.69	17.48	14.26
Tangible Book Value, 3 Yr. CAGR %	-0.51	6.29	41.79	36.79	30.31
Cash From Operations, 3 Yr. CAGR %	8.58	14.23	9.18	-3.74	-0.23
Capital Expenditures, 3 Yr. CAGR %	7.08	10.04	11.26	-0.72	-4.57
Levered Free Cash Flow, 3 Yr. CAGR %	201.17	9.56	71.54	9.69	-27.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	-13.66	63.68	43.81	23.21	-65.17
Dividend Per Share, 3 Yr. CAGR %	1.02	0.5	0.5	9.93	14.28
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.25	1.77	-2.14	-2.85	-3.13
Gross Profit, 5 Yr. CAGR %	-0.64	-0.57	-5.53	-5.09	1.19
EBITDA, 5 Yr. CAGR %	2.15	3.52	0.63	-0.43	1.43
EBITA, 5 Yr. CAGR %	2.02	1.84	-0.15	0.22	3.51
EBIT, 5 Yr. CAGR %	1.93	1.95	0.14	0.7	3.93
Earnings From Cont. Operations, 5 Yr. CAGR %	27	-0.97	-5.55	-1	9.72
Net Income, 5 Yr. CAGR %	-6.58	-0.85	63.17	1.34	11.78
Diluted EPS Before Extra, 5 Yr. CAGR %	28	-0.93	-5.63	-1.34	10.15
Normalized Net Income, 5 Yr. CAGR %	9.05	6.1	-3.09	5.43	8.98
Net Property, Plant and Equip., 5 Yr. CAGR %	4.9	5.05	2.13	2.36	1.95
Inventory, 5 Yr. CAGR %	23.68	16.45	12.71	25.74	4.12
Accounts Receivable, 5 Yr. CAGR %	0.19	-1.21	-0.05	-1.6	1.39
Total Assets, 5 Yr. CAGR %	3.08	4.09	5.32	3.29	1.64
Common Equity, 5 Yr. CAGR %	-0.53	-0.14	10.07	10.03	9.93
Tangible Book Value, 5 Yr. CAGR %	-1.39	2.19	21.26	22.35	21.58
Cash From Operations, 5 Yr. CAGR %	7.23	9.1	5.81	5.04	5.33
Capital Expenditures, 5 Yr. CAGR %	6.91	7.58	9.23	3.93	0.32
Levered Free Cash Flow, 5 Yr. CAGR %	7.47	17.62	113.8	13.17	9.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	27.99	5.66	5.4	57.83	-36.15
Dividend Per Share, 5 Yr. CAGR %	1.24	0.92	0.61	6.16	8.67