New Zealand · Delayed Price · Currency is NZD Freightways Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue and NPAT grew double digits year-over-year, with Australia now 40% of group profit. Margin improvement was mixed across segments, with strong gains in Allied Express and Post Haste, but softness in premium and B2B sectors due to fuel prices and economic headwinds.
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Half-year revenue rose 8.5% to NZD 720M, with EBITA up 12.7% and NPAT up 17%. VTFE acquisition expands B2B express services in Australia, while margin and volume growth initiatives continue amid slow economic recovery in NZ.
Fiscal Year 2025
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Strong financial growth was reported, with positive trends in revenue, margins, and niche market leadership. Strategic initiatives include network expansion, technology investment, and a focus on sustainability, while governance enhancements and director elections were addressed.
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Revenue rose 6.6% to NZD 1.3B and NPAT grew 13% to NZD 80M, driven by strong Australian performance and margin expansion. Dividend increased 8%, with further growth and margin gains expected in FY 2026.
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Revenue and EBITDA grew over 6% year-over-year, driven by pricing and market share gains in Express Package, while Information Management saw strong digital growth but flat earnings due to one-off costs. Outlook remains cautious for New Zealand, with Australia providing stronger growth momentum.
Fiscal Year 2024
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Solid revenue and margin growth achieved despite economic headwinds, with investments in new facilities and technology positioning the business for future gains. Board re-elections and dividend stability affirmed, while strategic focus remains on efficiency, innovation, and ESG.
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Revenue rose 8% to NZD 1.2 billion, with EBITDA up 2.5% and NPAT down 6% due to higher interest and tax. Investments in automation, new facilities, and digitalization are expected to drive profit and margin growth in FY 2025, despite ongoing economic headwinds.