Move Logistics Group Limited

Overview

Move Logistics Group Limited joined the NZX on 7 December 2017, following a reverse listing with Bethunes Investments Limited. The full details of this transaction can be found on the company website www.til.kiwi.

Move is one of New Zealand's largest private domestic freight and logistics platforms, with a nationwide network of branches, depots and warehouses. Its activities include transporting and warehousing freight throughout New Zealand and co-ordinating freight movements offshore through international alliances. It also has a specialist road tanker division which is the single largest operator in the New Zealand fuel delivery market.

Performance

The following information was extracted from Move Logistics Group's Full Year results, released on 25 August 2026:

TMOVE FY26 RESULTS DELIVER ON FINANCIAL TARGET

• Revenue growth 1.5% to $290.6m despite a subdued economy

• Positive normalised earnings1 of $1.6m, up from $(10.0)m in the prior year

• Three of four business divisions delivered profit, Warehousing remains sub-par

• Continued improvement in gross margin dollars and percentage

• Return to profit with net profit after tax3 of $0.3m • Net debt reduced 38% to $10.4m

• Improvement in free cashflow, up $4.2m YoY to $6.3m

• Bank funding in place with ANZ facility extended to August 2027 and new BNZ invoice finance facility to commence in November 2026

Transport and logistics group, MOVE Logistics Group Limited (NZX/ASX: MOV), has released its results for the 12 months to 30 June 2026, reporting a return to positive normalised earnings and a net profit after tax.

CEO Paul Millward said: “This year, we delivered on our commitment to return MOVE to positive normalised earnings. While market conditions remained challenging and the operating environment was far from predictable, our team remained focused on the things we could control. The Reset phase of our New Horizons roadmap is now complete and our FY26 performance has demonstrated that our strategy is working.”