My Food Bag achieves 5% profit growth in H2

My Food Bag Group Limited (NZX:MFB) announced a 5% increase in net profit after tax (NPAT) to NZD 6.3 million for FY25, driven by strong performance in the second half of the year. Revenue reached NZD 162.1 million, with H2 revenue growing 5% on a normalised basis to NZD 79.9 million. EBITDA amounted to NZD 16.1 million. The company reduced its net debt from NZD 4.9 million to NZD 6.9 million, with free cash flow of NZD 7.6 million. A fully imputed final dividend of 0.85 cents per share was declared, payable in June, with a Dividend Reinvestment Plan being established. The company has launched a new Shop channel and relaunched its Gluten-Free range.