Bremworth LimitedNZX: BRW

BRW: Profit dropped 57% to $4.6m as cyclone disruptions hit revenue and margins, but recovery is underway

· Issued by Bremworth Limited

Net profit after tax fell 57% to $4.6m on a 10% revenue decline, mainly due to Cyclone Gabrielle’s impact. The company rebuilt inventory, established a hybrid supply chain, and received $26.5m in insurance proceeds, positioning for growth and a return to dividends by 2026.

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