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Fletcher Building

Directory

NZX code:
FBU
Short name:
Fletcher Building
Legal name:
Fletcher Building Limited
Industry sector: Industrial
NZX50 rank: [no data]
Head office:
810 Great South Road, Auckland 1061
Chairman:
Barbara Chapman
Chief executive:
Andrew Reding
Financial year ended:
June
Locations: New Zealand, Australia, America, China
Auditor:
EY
Bankers:
ANZ, Bank of China, BNZ, China Construction Bank, Citibank, MUFG Bank, HSBC and Westpac.

Fletcher Building

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Financial Data

A. Recent trading and performance summary

Total revenue NPAT Earnings per share
bln mln cents
2018 9.5 190 -26
2019 9.3 164 19
2020 7.3 196 -24
2021 8.1 305 37
2022 8.5 432 54
2023 7.7 254 30
2024 7.7 220 -29
2025 6.9 419 -41

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B. Recent financial position summary

Total assets Total Liabilities Equity ratio
bln bln %
2018 8.5 4.4 48
2019 7.7 3.5 54
2020 8.8 5.2 40
2021 8.0 4.2 47
2022 8.4 4.7 45
2023 9.1 5.4 41
2024 8.9 5.5 38
2025 7.9 4.3 46

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C. Recent cash flows and positions

Cash inflows Cash outflows Cash and equiv. at year end
mln mln mln
2018 668 228 665
2019 1067 355 1372
2020 410 677 1104
2021 889 1322 666
2022 592 913 351
2023 388 910 365
2024 588 642 311
2025 501 673 139

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D. Recent key ratio analysis

Earnings per share Price:Earnings ratio NTA/share Dividend yield
cents annual avg dollars annual avg %
2018 -26 -27 3 N/A
2019 19 25 4 5
2020 -24 -16 3 N/A
2021 37 20 3 4
2022 54 9 4 8
2023 30 17 3 11
2024 0.3 110 3 7
2025 -27 -11 3 0

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Description of trading activities

We manufacture building products; from insulation that keeps homes warm and dry, to cement, the foundation of built structures the world over. We operate retail businesses that distribute these products and many more to tradespeople right across the Tasman. We also build homes, buildings, and infrastructure that create communities, improve productivity, and contribute to the quality of life for people living and working in cities and regions across our markets.

CEO profile

Andrew Reding was appointed Group Chief executive and Managing director in August, 2024. Reding is an experienced business leader holding key roles in the construction materials and building product sector for over 35 years, including 11 years at FBU. Whilst at FBU Reding was the executive of Building products and steel from 2001-2006 and was the managing director of Fletcher wood panels from 1997-2001. Reding was also President and CEO of Evergreen packaging Inc, a global business that has a US $1.7 billion revenue.

Chairman profile

Barbara Chapman has an extensive executive career including roles as CEO and Managing director for ASB Bank, Chair of Genesis Energy, and Chair of NZME (New Zealand Media and Entertainment). In 2019, Chapman was made a Companion of the New Zealand Order of Merit for service to business. Chapman was first appointed a Director of FBU in September 2018, and last elected in the 2023 annual meeting.