Mainfreight announces solid FY25 result, revenue up 11%

Mainfreight (NZX:MFT) reported its unaudited full-year results for the twelve months ending 31 March 2025, showing a revenue increase of 11% to NZD 5.24 billion. Net profit rose by 31% to NZD 274.3 million. However, profit before tax decreased by 3% to NZD 383.6 million, but adjusted for foreign exchange impacts, Group Revenue is up 9% and Profit Before Tax is down 4%. The company highlighted strong performances in Australia, now its largest revenue and profit contributor. A final dividend of 87.0 cents per share has been authorized, payable on 18 July 2025. Sales revenue increases were achieved in all five regions and across our three divisions: Transport, Warehousing and Air & Ocean. Asia, the Americas and New Zealand saw profits decline. Operating cashflows improved from NZD 505 million to NZD 584 million. Capital expenditure for FY25 totaled NZD 234.5 million, with key investments in property and warehousing. The company anticipates ongoing challenges in the New Zealand market and expects a cautionary approach to future property development.