Metro Performance Glass Limited Ordinary Shares
MPG.NZXIndustrials
Metro Performance Glass Limited produces a range of customised glass products that are predominantly used in residential and non-residential construction applications such as windows, doors, internal partitions, balustrades, facades, showers, mirrors, furniture and splashbacks. Metroglass is the New Zealand market leader in the value added glass processing market with a circa. 50% market share and is twice the size of its nearest competitor by market share. Metro Performance Glass market leadership is supported by a number of competitive advantages that have been developed over more than 30 years, including its high customer service standards, manufacturing capability and scale, distribution footprint, product offering and glazing capability. Metroglass also operates in Australia through Australian Glass Group, which has glass processing operations in Victoria, New South Wales and Tasmania. MPG listed on the NZX Main Board on 30 July 2014.
Market Data
$1.150
+0.0%$28.3M
-18.9x
$-0.061
0.00%
-0.3%
Latest Earnings
Metroglass provides FY26 results (audited)
27 May 2026
Metro Performance Glass delivered FY26 results showing resilience in challenging Australasian construction markets, with revenue down 2.7% to NZ$208.2M but EBITDA before significant items improving to $18.2M from $16.9M on cost discipline and operational gains. The standout achievement was a dramatic improvement in operating cash flow to $15.7M (from $2.1M) and net debt reduction to $27.0M from $60.5M, supported by a $23.9M equity raise and debt refinancing completed in September 2025. The company is not providing formal FY27 earnings guidance given market uncertainty, but expects improvement across revenue, profitability, and debt metrics. Key points: Operating cash flow surged to $15.7M from $2.1M in FY25, a $13.6M improvement driven by working capital management and cost discipline; Net debt reduced by $33.5M to $27.0M, supported by $23.9M equity raise, $10M bank debt accommodation, and strong cash generation; EBITDA before significant items improved to $18.2M from $16.9M despite revenue decline, reflecting $4M of operating cost reductions in NZ
Recent Announcements
Metroglass provides FY26 results (audited)
Metro Performance Glass delivered FY26 results showing resilience in challenging Australasian construction markets, with revenue down 2.7% to NZ$208.2M but EBITDA before significant items improving to $18.2M from $16.9M on cost discipline and operational gains. The standout achievement was a dramatic improvement in operating cash flow to $15.7M (from $2.1M) and net debt reduction to $27.0M from $60.5M, supported by a $23.9M equity raise and debt refinancing completed in September 2025. The company is not providing formal FY27 earnings guidance given market uncertainty, but expects improvement across revenue, profitability, and debt metrics. Key points: Operating cash flow surged to $15.7M from $2.1M in FY25, a $13.6M improvement driven by working capital management and cost discipline; Net debt reduced by $33.5M to $27.0M, supported by $23.9M equity raise, $10M bank debt accommodation, and strong cash generation; EBITDA before significant items improved to $18.2M from $16.9M despite revenue decline, reflecting $4M of operating cost reductions in NZ
Metro Performance Glass FY26 Market Update
Metro Performance Glass issued a FY26 market update on 13 March 2026 stating that while operational improvements and cost initiatives have strengthened its balance sheet, continued construction market weakness in New Zealand and Australia has resulted in expected revenue circa 9% below September 2025 guidance, with net profit before tax projected between a $2m loss and $2m profit (versus a $16.6m loss in FY25).
Metro Performance Glass Ltd Completes Share Consolidation
Metro Performance Glass Ltd completed a 40-to-1 share consolidation effective 5 March 2026, reducing total issued capital from approximately 983.6 million shares to 24,591,464 shares. Trading commenced on a post-consolidation basis on 6 March 2026.
MPG – Trading to resume market open
NZX has announced that trading in Metro Performance Glass Limited (MPG) will resume following a suspension period, as per the timetable previously communicated on 25 February 2026.
MPG – Trading Halt of Securities
Metro Performance Glass Limited (MPG on NZX, MPP on ASX) requested a trading halt on its ordinary shares effective 4 March 2026 to facilitate a 1-for-40 share consolidation, with trading expected to resume on 6 March 2026 after the consolidation is completed.
Metro Performance Glass Ltd (“MPG”) – Share Consolidation
Metro Performance Glass Limited (MPG) will undertake a 1-for-40 share consolidation, with shareholders receiving one consolidated share for every 40 shares held as of March 5, 2026. MPG shares will be halted from March 4-5, 2026, and resume trading on March 6, 2026.
Metro Performance Glass Limited Share Consolidation
Metro Performance Glass Limited announced a share consolidation on a 1-for-40 basis, effective March 5, 2026, reducing shares on issue from approximately 983.6 million to 24.6 million shares, with fractional entitlements rounded up to the nearest whole number.
SPH Notice - Amari Metals Australia Pty Ltd
Amari Metals Australia Pty Ltd changed substantial holding from 0% to 51.000%.
SPH notice - Metro Glass Investment (MGI) Pty Ltd
Metro Glass Investment (MGI) Pty Ltd disclosed a change in substantial holding (51.000%).
SPH Notice - Takutai Limited
Takutai Limited changed substantial holding from 10.94% to 7.33%.
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