New Zealand · Delayed Price · Currency is NZD My Food Bag Group Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 5% revenue growth, margin resilience, and higher net profit, driven by health-focused offerings, customer retention, and operational efficiency. FY 2027 outlook is positive, with continued innovation and a strategic review underway.
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Revenue grew 3.8% to NZD 85.4 million, with net profit at NZD 2.9 million and EBITDA at NZD 7.2 million. Active customers and order values increased, while gross margin declined due to food inflation. Full-year profitability is expected to match last year.
Fiscal Year 2025
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The meeting reviewed a return to growth, strong cash flow, and reduced debt, with new product launches and digital enhancements supporting customer growth. Dividends were maintained, and board re-elections and auditor remuneration were approved. Shareholders discussed pricing, market share, and performance incentives.
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FY25 saw revenue of NZD 162.1M and net profit up 5% year-over-year, with strong free cash flow and improved margins. Strategic brand initiatives, product innovation, and operational efficiencies drove growth, while FY26 guidance remains positive despite ongoing inflationary pressures.