Mainfreight (MFT) investor relations material

Executive summary

• Revenue increased 2.1% year-over-year to $2.61 billion, but net profit fell 18.5% to $93.4 million and profit before tax (PBT) dropped 18.3% to $131.7 million.

• Total comprehensive income rose to $126.9 million from $107.7 million, driven by positive foreign currency translation and asset revaluation.

• Operating cash flows improved to $209.6 million, and an interim dividend of 85 cents per share was declared.

• Bonus accruals were $16 million, representing 11% of PBT.

Financial highlights

• Revenue: $2.61 billion, up 2.1% year-over-year.

• PBT: $131.7 million, down 18.3% year-over-year.

• Net profit: $93.4 million, down 18.5% year-over-year.

• EBITDA: $330.4 million, down from $340.9 million year-over-year.

• Operating cash flow: $209.6 million, up from $191.7 million.

Outlook and guidance

• New Zealand and Australia expected to trade better in the second half; Asia to remain stable; small improvements in Europe; Americas recovery will take time.

• Ongoing network expansion planned both geographically and domestically.

• Interim fully imputed dividend of 85.0 cents per share declared for 2026, consistent with the prior year.