Monthly P&L summary across all Fiso Group entities, EBITDA trends, and the EBITDA to Free Cash Flow bridge. Actuals are shown in dark blue columns; forecast months in light blue.
The dashboard tracks Fiso Investment Group's operating businesses only. The separate $11M Westpac Property Finance Wholesale Development Facility for Silverwood Estates Limited (35 residential lots at Te Ara Kapehu, Whitby, Porirua) does not appear in any of the consolidated revenue, EBITDA, FCF or covenant figures shown here. This is intentional and correct.
Why it is excluded:
Where Fiso Group does have exposure:
If you want a dedicated Silverwood tracker showing loan balance progression, capitalised interest accruing up to the $905K cap, line fees, and the $4.607M cash equity drawdown — let me know and I'll add a separate section.
Letter of Offer dated 22 April 2026. Total facility limit $11M across four sub-facilities, all 3-year term, replacing existing BNZ borrowings:
Drawdown plan: currently at $6.62M existing debt → full $11M drawn by October 2026, spread Jun 30% / Jul 20% / Aug 20% / Sep 20% / Oct 10%. Forecast interest expense on the Dashboard and Cash Flow tabs is computed from this monthly debt-balance schedule at the blended 5.04% rate. Adjust any input in the Drawdown Control Panel on the Analysis tab to model alternative scenarios.
Covenant: EBITDA ÷ Interest Expense ≥ 1.50× (formal). Currently tracking at 5.04× — comfortably above. Principal repayments are NOT in the covenant test — only interest is. See the Westpac Debt Covenant section on the Analysis tab for real-time tracking and headroom.
Fiso Group owns 50% of ITA but does not have access to ITA's bank account. To balance top-line presentation with economic reality, the dashboard treats ITA two different ways depending on the tab:
Summary of all entities across the Fiso Group. Click an entity card to see its detailed breakdown below.
Full Profit & Loss statement for the Fiso Group consolidation, from Revenue through to Earnings Before Tax. Includes all expense categories from the Fathom Details report.
Revenue for each of the 11 active Fiso Group entities, shown monthly with FY totals. The revenue mix table shows each entity's percentage contribution to total group revenue.
Wages and salaries by entity across 8 categories. This is the largest operating expense for the group (~$8.1M annually) and the primary cost driver across most entities.
Cash flow forecasting with sensitivity / stress testing. Model "what-if" scenarios by adjusting revenue and wages per entity, toggling entities on/off, and overriding FCF bridge items. Also includes scheduled BDO tax payments and Westpac principal repayments. All scenario changes are temporary and do not affect the base data. Use Back to Actual to reset to source-of-truth figures at any time.
Specific capital expenditure projects with known cost and timing.
Each month's amount flows into the FCF bridge CapEx line above as a cash outflow.
Add new projects to CAPITAL_PROJECTS in generate_report.py as they're approved.
Monthly principal repayments on the Westpac operating $11M facility's 3 amortising sub-facilities (Sustainable, Wholesale Term Loan, Term Loan). Scaled by the Drawdown Control Panel schedule on the Debt & Banking tab — principal grows as Westpac portions are drawn down through Jun–Oct 2026. At full draw, monthly principal = $29,110 (~$349K/yr). Each month's amount flows into the FCF bridge Loan Repayments line above. Wholesale Advance is interest-only (no principal). Silverwood Estates dev facility is capitalised — tracked separately on the Debt & Banking tab.
Provisional tax instalments per BDO Auckland notices stored in the /Tax Payments/ project folder.
Each payment lands on the FCF bridge above as a Cash Tax outflow in the month it falls due.
Add new notices to TAX_PAYMENTS_SCHEDULE in generate_report.py when BDO sends them.
Each entity benchmarked against industry standards. Wage discipline, cash, and operational efficiency are weighted heaviest in the recommendations. Click any flagged metric to see the entity detail. Banking, debt covenants and methodology are now on their own tabs.
Two targets per entity so we have something we can meet now and something to aim for:
Status grading vs BASE target:
✗ Red below 90% of base |
⚠ Amber 90-100% of base |
✓ Green at/above base |
★ Gold at/above stretch (best-in-industry).
Hover over any Stretch Target value to see the industry benchmark rationale.
Revenue per real-world unit (student, doctor) so you can compare productivity across periods or entities, not just dollars.
Benchmarks the entities are graded against are listed on the Methodology tab.
| Metric | What it tells you | Good | Bad |
|---|---|---|---|
| Revenue growth (Q1→Q3) | % change in revenue between Jan–Mar (Q1) and Jul–Sep (Q3). Positive = growing; negative = declining. | ↑ Higher | ↓ Lower |
| Cost growth (Q1→Q3) | % change in total expenses over the same period. Tracks whether the cost base is expanding or shrinking. | ↓ Lower or stable | ↑ Rising |
| Margin trajectory | Compares the two growth rates. "Healthy" = revenue growing at least as fast as costs. "Costs growing faster" = margin under pressure even if EBITDA still looks fine in $ terms. Early-warning signal. | ✓ Healthy | ⚠ Costs growing faster |
| EBITDA / Revenue | Profitability ratio — what % of every dollar of revenue ends up as EBITDA. The single best measure of operational efficiency. | Higher (industry-dependent) | Negative or near zero |
| EBITDA ($) | Earnings Before Interest, Tax, Depreciation & Amortisation — dollar profit from operations before financing/tax/non-cash items. | Positive and growing | Negative (operating loss) |
| Top 5 Expense Lines | The five biggest cost categories from each entity's Fathom P&L file, sorted by dollar value. Shows where the money goes — these are the highest-impact lines if you want to find savings. | Manageable share of revenue | One line dominating with no good reason |
Month-by-month EBITDA for each entity — actuals through the latest reporting month, then forecast / budget. Click an entity button to focus on it and overlay its Base Target — — — and Stretch Target · · · lines. Click All to show all entities at once (no target lines).
Everything related to the Fiso Investment Group's Westpac borrowings — the formal $11M operating facility, the covenant tracker, the drawdown scenario panel, and the separate Silverwood Estates property development fund.
The formal Westpac covenant on the $11M Fiso Investment Group facilities is EBITDA ≥ 1.50× Interest Expense (Interest Cover Ratio, per the new Westpac revision letter). Breaching this triggers a borrowing default. The $3.1M group EBITDA target is the director-set headline goal — sized to give comfortable headroom over both the 1.5× formal covenant and the original 2.0× internal stretch target.
Model the impact of drawing down the $11M Westpac facilities on monthly interest expense and the covenant. Default schedule: current $6.62M existing debt → full $11M drawn by Oct 2026, with 30% in Jun, 20% Jul, 20% Aug, 20% Sep, 10% Oct, at the blended Westpac rate of ~5.04%. Adjust any input below and the table, FY interest total and covenant card all recalculate live.
Independent property development facility — see Dashboard tab notes for why this is excluded from the operating dashboard. 35 residential lots at Te Ara Kapehu, Whitby, Porirua. Interest is capitalised (added to the loan balance up to a $905K cap) and ultimately paid from section sale proceeds. The only Fiso Group cash exposure is the $4,607,000 cash equity required before the first Westpac advance. Update the editable inputs as drawdowns and section sales occur — the tracker persists in your browser.
Worst-case debt coverage analysis if both the $11M Fiso operating facility and the $11M Silverwood development facility are fully drawn simultaneously. Covers debt service costs, EBITDA coverage ratios, rate sensitivity, Silverwood principal scenarios, and the recommended EBITDA floor to stay comfortably solvent.
Reference material for how this dashboard is built. The benchmarks list shows the industry-standard ratios used to grade entities (drives the Analysis tab's KPI Scorecard). The Override Summary catalogues every adjustment the script makes between the raw Fathom export and the published numbers — useful for audit, board discussions, or just understanding where any specific number comes from.
These are the industry-standard ratios each entity is graded against on the Analysis tab's KPI Scorecard. Green = within target, Amber = drift / watch, Red = action needed. EBITDA Margin uses higher-is-better (green = at or above target).
Everything the script does between the raw Fathom export and the published dashboard numbers. Director-approved Excel overrides for specific entities, revenue reclassifications, salary reallocations, ITA 50%-share presentation, Truffle 81/11/8% split, line-level expense reductions, interest forecasts, and committed cash flows. Click a section header to expand.