Mainfreight Limited · NZX:MFT
Mainfreight — FY2026 Earnings Presentation
17 slides from Mainfreight's earnings presentation, 2026
Slide 1: Mainfreight Limited Full Year Results
MAINFREIGHT LIMITED FULL YEAR RESULTS 31.03.26
Slide 2: Result Summary
Result Summary Revenue $5.38 billion up 2.8% PBT $350.9 million down 8.5% Net Profit $251.0 million down 8.5% People 10,839 down 291 Branches 331 down 6 Countries 27 Net Capital Expenditure $189 million Discretionary bonus of $46.3 million payable to qualifying branches in New Zealand, Australia, As
Slide 3: Full Year Overview
Full Year Overview Improved second half performance: • Profit before Tax NZ$219.2 million versus Profit before Tax first half NZ$131.7 million • Pleasing year end result from Australia even with closing of Projects • Overhead cost management has assisted underlying business performance Seven new fac
Slide 4: Dividend
Dividend Directors have approved a final dividend of 87.0 cents per share Full dividend for year = 172.0 cents per share Books close 9 July 2026 Payment on 17 July 2026
Slide 5: Capital Management
Capital Management Operating Cash Flows remain satisfactory NZ$589 million v NZ$584 million last year Net Capex NZ$189 million - NZ$112 million on property Net Funds at NZ$26.6 million versus NZ$14.4 million in prior year “cash at hand” Bank debt of NZ$99.9 million drawn from a total available facil
Slide 6: Future Capital Expenditure Update
Future Capital Expenditure Update: F27 -28 NZ$ MILLION F27 NZ$ MILLION F28 Planned Capital Expenditure $234 Planned Capital Expenditure $162 ▪ Property $138 ▪ Property $68 ▪ Fit-out costs $36 ▪ Fit-out costs $34 ▪ Non-property capex $60 ▪ Non-property capex $60
Slide 7: Willawong Cross-Dock, Queensland, Australia
Willawong Cross-Dock, Queensland, Australia - Near completion - Building 15,298 sqm - 8 Ha site - 600,000L of rainwater storage - 1MW solar system - Truck charging infrastructure for up to 30 trucks - 34 x rear loading doors
Slide 8: Our Core Products (NZ$) FY 2026
Our 3 Core Products (NZ$) FY 2026 TRANSPORT Revenue $2,492.92 million 10.2% PBT $154.71 million (8.9)% Total tonnes increased 0.6% Total cubic metres increased 2.1% Total consigments increased 2.0% Gross Margin performance improved – facility costs impacted profits WAREHOUSING Revenue $909.78 millio
Slide 9: Full Year 2026 Analysis
Full Year 2026 Analysis $000 Revenue* Var % Profit Before Tax Var % New Zealand NZ$ 1,202,963 3.8% #120,801 10.2% Australia AU$ 1,509,904 0.2% 152,647 11.1% Americas US$ 616,345 7.4% (7,867) 151.7% Europe EU€ 623,980 3.5% 25,196 18.6% Asia US$ 117,486 6.9% 12,894 31.4% Group NZ$ 5,383,520 2.8% 350,8
Slide 10: Game of two halves
Game of two halves $000 Revenue Profit Before Tax 1st Half 2nd Half 1st Half 2nd Half New Zealand NZ$ 575,641 627,322 44,050 76,751 Australia AU$ 736,775 773,129 58,643 # 94,004 Americas US$ 313,223 303,122 (2,343) *(5,524) Europe EU€ 307,184 316,796 9,333 15,863 Asia US$ 60,495 56,991 5,641 7,253 G
Slide 11: New Zealand
New Zealand TRANSPORT • Improved margins and revenue in the 2nd half • Significant new customers trading • April/May domestic volumes improving further • Better rail relationships – Cook Strait ferry services still of concern • Refrigerated Transport growth WAREHOUSING • Improved Revenue contributio
Slide 12: Australia
Australia TRANSPORT • A continuation of increased market share • FTL (some via rail) increases have surprised – likewise Chemcourier growth • New Brisbane cross-dock available late May/June • Committed to new, larger cross-dock in Perth • Improving regional branch performance WAREHOUSING • Improveme
Slide 13: Americas
Americas TRANSPORT • Customer retention and service quality improving • Strong sales focus on improving larger loss-making branches • Post year end trading has improved from year prior – linehaul utilisation improvements WAREHOUSING • Poor utilisation on East and West coast facilities – a priority t
Slide 14: Europe
Europe TRANSPORT • Revenue improvement was satisfactory • Poorer margins and a lack of cross-dock efficiency including new branch performances impacted profitability • Second half improvements included a rate review have assisted April/May results • Volumes improved on prior year WAREHOUSING • A sat
Slide 15: Asia
Asia • Improving margins assisted profitability, including closure of unprofitable warehouses • Sea export volumes impacted on Trans Pacific as a consequence of tariffs • South East Asian development and profit contribution of highest priority • Customer contributions from the region assisting our i
Slide 16: Outlook
Outlook Improved performance of second half has Market share increases providing confidence continued into April/May Continuing to invest in New cross-docks where required network development Additional leased warehouses – larger, more efficient & exit smaller leased sites Supply chain solutions ass
Slide 17: To Close
To Close Annual Meeting of Shareholders - 30 July 2026 F27 – 6 months ended 30 September 2026 - 12 November 2026