Key points
- Revenue down 14% to NZ$38,766k
- Net loss increased by 48% to NZ$15,261k
- No dividends declared
- Financial loss due to fraud of NZ$6.2m
- Net tangible assets per share decreased to NZ$0.08
Full summary
Straker Ltd reported a 14% decrease in revenues from ordinary activities to NZ$38,766,000 for the financial year ending 31 March 2026, compared to the previous corresponding period. The company also reported a net loss from ordinary activities of NZ$15,261,000, an increase of 48% from the previous year. Straker Ltd did not declare or pay any dividends for the reporting period. The company recognized a financial loss due to fraud of NZ$6.2 million in FY26, following the discovery of fraudulent payment transactions at its US subsidiary, Straker Translations Inc. The 2025 comparative information has been restated to separately disclose the cost of the fraudulent activity and to correct misclassifications and misstatements in the previous year's consolidated financial statements.
Guidance
Revenue down 14% to NZ$38,766k, net loss up 48% to NZ$15,261k