Fletcher Building posts NZD 228 million profit: what it means for Fletcher Building stock

Published on 10/13/2026 at 04:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached NZD 6.0 billion in fiscal 2026, up 7.30 percent from FY25. Fletcher Building stock faces its October 21 AGM at 10:30 a.m. NZT.

Fletcher Building reported NZD 228 million in net earnings for fiscal 2026 after a NZD 419 million loss in fiscal 2025.
Revenue reached NZD 6.0 billion, up 7.30 percent from fiscal 2025, while EBIT reached NZD 414 million.
The company has scheduled its annual shareholders' meeting for October 21, 2026, at 10:30 a.m. NZT.
Net debt fell to NZD 637 million and operating cash flow reached NZD 715 million in fiscal 2026.

FBU, NZFBUE0001S0, Illustration mit AI erstellt.

Fletcher Building (ISIN NZFBUE0001S0) reported NZD 228 million in net earnings for fiscal 2026 on September 29, 2026, reversing a NZD 419 million loss in fiscal 2025. The figures were summarized by Quartr from the company's investor presentation.

Three milestones shape the turnaround

On May 29, 2026, Fletcher Building completed the sale of its Construction division to Vinci for up to NZD 334 million, according to Kurums. The transaction formed part of a portfolio simplification that preceded the fiscal 2026 return to profit.

On September 18, 2026, Fletcher Building announced an annual shareholders' meeting for October 21, 2026, beginning at 10:30 a.m. NZT, as stated by NZX. On September 29, 2026, its presentation summary showed fiscal 2026 revenue of NZD 6.0 billion, up 7.30 percent from fiscal 2025, with EBIT of NZD 414 million, according to Quartr.

What does the profit mean?

The earnings recovery came with a stronger balance sheet. Net debt fell to NZD 637 million from NZD 999 million in fiscal 2025, while operating cash flow rose to NZD 715 million from NZD 214 million, figures summarized by Yahoo Finance. Return on invested capital improved to 5.30 percent from 4.10 percent, although the level remains below management's longer-term objective.

For investors, the composition of the recovery matters as much as the headline profit. The Light Building Products division generated NZD 246 million of EBIT in fiscal 2026, while the group's continuing operations also benefited from divestments and property sales, according to Quartr.

Annual meeting is the next date

The October 21, 2026 annual meeting is the next dated corporate event identified for Fletcher Building. The company said the meeting would be held in Auckland and online, giving shareholders a formal venue to assess the portfolio changes, balance-sheet repair and the path from a NZD 419 million loss to NZD 228 million of net earnings.

Fletcher Building stock context

Fletcher Building had a market capitalization of NZD 3.6 billion as of October 13, 2026. Its shares trade under ticker FBU on the New Zealand Exchange, and the company operates across manufacturing, distribution, retail and home building in New Zealand, Australia and the South Pacific.

The further course of trading is shown by the continuously updated real-time quote of Fletcher Building stock.