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.
The following information was extracted from Move Logistics Group's Full year results, released 29 August 2025
MOVE FY25 RESULTS FOR THE YEAR ENDED 30 JUNE 2025
Results reinforce positive momentum of transformation programme
FY25 financial performance
Sales revenue of $286.3m was relatively flat YOY in a weak economy as MOVE continues to retain and win customers on the back of customer service delivery and its national offer.
The broad cost out programme has delivered a sustainable ~$27m reduction in operating expenses, comprising labour savings of ~$15m and a further $12m in cost out and efficiencies.
Gross margin improved strongly despite the relatively flat revenue result, highlighting the effectiveness of the cost out and efficiency programme and creating stronger operating leverage for when demand recovers. Gross margin percentage was up 4.1pp YOY, with gross margin dollars up 13.4%.
Normalised earnings growth was seen across all businesses except Warehousing, with a re-set programme in place for this business. MOVE has now delivered four consecutive quarters of improving Normalised Earnings Before Tax (NEBT) including its strongest NEBT quarterly result in the past two years in 4Q25. This resulted in a YOY 61% earnings improvement (+$16m) to $(10)m.
Operating cashflow benefitted from improved operating results and disciplined working capital management and was up 35% to $25.3m, with adjusted net operating cashflow of $0.3m.
MOVE’s net loss after tax reduced by $32.5m to $(15.6)m with consistent improvement across the year.
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