Winton reports significant revenue, profit drop in 2025

Winton has reported a decline in revenue and profit for the year ended June 30, 2025.

Revenue was $155.4 million, down 10.5% from $173.6m in the previous year.

The company's ebitda decreased by 27.9% to $21.3m, while net profit after tax was $10.3m, a 34.4% decrease.

Winton attributed the challenging results to a subdued property market, particularly in Auckland, and the impact of low economic growth and global uncertainty.

The company said it has been focused on managing existing projects and has made the decision to slow down some new projects until funding and building costs stabilise.

Winton's pre-sale book stood at $248m, with a landbank yield of about 5,750 units.

The company finished the year with $20.3m in cash holdings and $100.4m in borrowings.