Bremworth Limited

Overview

Overview

Synonymous with quality, Bremworth has been voted New Zealand’s most trusted carpet brand* for the last eight years. With manufacturing facilities in Napier, Whanganui and Auckland, Bremworth employs over 400 people and is committed to sourcing its wool from New Zealand growers.

In 2020 the company began to implement its new purpose-led strategic plan when it announced it was exiting synthetic carpet production to focus on redefining Bremworth as a premium design and natural fibre company.

Progressive new initiatives are plotting a fresh course for Bremworth’s future. The team at Bremworth invite you to join them to find a more sustainable way.

Key Milestones :

November 2020 – Re-launched the Bremworth brand

December 2020 - Secured funding to execute the strategic plan, Right-sized the organisation

April 2021 - Secured a $1.9 million grant from MPI’s Sustainable Food and Fibre Futures (SFFF) fund to support Bremworth’s $4.9 million sustainability programme

May 2021 - Celebrated last ever synthetic carpet production

June 2021 - Commenced “Let’s Go Good Together” marketing strategy, Signed up to New Zealand Farm Assurance programme, Appointed new CEO Greg Smith

Markets:

The company is mainly focused on the Australasian woollen carpet and rug markets, but also exports carpet to the USA and Canada where it has identified opportunities in the premium end woollen segments of these markets.

Our growth strategy

• To grow the wool flooring market
• To grow our share of the market
• To expand our presence
• To focus on design-led innovation

Performance

The following information was extracted from Bremworth Limited's full year results, released on 31 August 2026:

Good progress on operational reset as focus turns to profitability and cash generation

• Revenue of $106.6m, with the 21% YoY increase primarily driven by Elco Direct
• Gross margin 13.7%, up 0.7 percentage point YoY
• Net loss after tax of $(11.4)m, including one-off items of negative $(1.9)m
• Normalised loss before interest and tax (Normalised EBIT)1 improved from $(15.9)m to $(9.4)m YoY
• Available cash at year-end of $22.0m2, with nil borrowings

Premium carpet manufacturer and wool sourcing business Bremworth Limited (NZX Code: BRW) has today announced its preliminary unaudited financial results for the year ended 30 June 2026, with meaningful progress made to strengthen the business while continuing to operate in difficult market conditions.

Bremworth Chair, Rob Hewett, said: “FY26 has been an important year of change for Bremworth. While the financial result remains below where the Board expects the business to perform over time, we have made progress in addressing a number of the operational and commercial issues that have constrained performance. Our focus is now firmly on converting those improvements into better margins, stronger cash generation and a return to sustainable profitability."