New Zealand · Delayed Price · Currency is NZD MOVE Logistics Group Earnings Call Transcripts
Fiscal Year 2026
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Positive Normalized Earnings achieved despite a 5% revenue decline, driven by cost management and efficiency gains. Three of four business units were profitable, and the company remains on track for full-year guidance amid ongoing market headwinds.
Fiscal Year 2025
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The meeting highlighted significant progress in financial turnaround, with improved margins and cost reductions, while outlining ongoing transformation and strategic plans through 2028. Shareholders engaged on governance, climate, and innovation, and the sole resolution on auditor fees was passed by poll.
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Normalized earnings before tax rose 61% year-over-year, with strong cost reductions and improved gross margin despite flat revenue. The business is shifting from cost out to value creation, expecting positive normalized EBT in FY 2026 amid ongoing economic uncertainty.
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Earnings loss was reduced by over 50% and gross margin expanded to 29% amid weak market conditions. Transformation efforts and cost reductions are driving improvement, with a return to positive normalized EBT targeted for FY26.
Fiscal Year 2024
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The meeting addressed a difficult FY2024 with declining sales, significant impairments, and a negative cash flow, but outlined a robust Accelerate turnaround plan targeting positive cash flow in FY2025 and profit in FY2026. Shareholders engaged on cost, customer, and funding issues, with management emphasizing execution and transparency.