Slide 1: MOVE Logistics Group Limited 1H26 Results
MOVE LOGISTICS GROUP LIMITED 1H26 RESULTS Paul Millward, Chief Executive Officer Lee Banks, Chief Financial Officer 27 February 2026 1H26 Results Presentation 1
Slide 2: Agenda
Agenda • 1H26 at a glance • New Horizons roadmap • Business performance • Financial results • Outlook • Q&A 1H26 Results Presentation 2
Slide 3: Momentum and earnings growth
Momentum and earnings growth Structural benefits now being realised Clear four-year roadmap in place, delivering on FY26 priorities On track for positive full year normalised earnings 1H26 Results Presentation 3
Slide 4: Continued momentum and earnings growth
Continued Total Income momentum and Gross Margin $ -5% YOY -1% YOY earnings growth On track to achieve 1H24 1H25 1H26 1H24 1H25 1H26 guidance of Normalised Earnings Before Tax (NEBT)1 Gross Margin % FY26 positive +98% YOY +1pp YOY 1H24 1H25 1H26 normalised earnings 1H24 1H25 1H26 1H26 Results Presen
Slide 5: 1H26 Financial Highlights
1H26 Financial Highlights Clear execution delivering continued earnings growth REVENUE EARNINGS 1 GROSS MARGIN 3 Revenue $141.4m Normalised EBT $(0.1)m GM $42.4m -5% YOY (+3% vs 2H25) +98% YOY (+96% vs 2H25) -1% YOY (+5% vs 2H25) EBT $(0.2)m GM +1pp YOY (+0.7pp vs 2H25) WEAK MARKET CONDITIONS 98% YO
Slide 6: Operating backdrop
Operating backdrop Navigating weak market as economic headwinds persist MOVE has been rightsized and is positioned strongly for the cyclical upswing Economic environment Cost pressures • Economic headwinds persisted; some positive • Inflation moderating, however cost pressures sentiment emerging in
Slide 7: Strategy / Business Performance
STRATEGY BUSINESS PERFORMANCE 1H26 Results Presentation 7 7
Slide 8: Our Goals
Our Goals A STRONG TEAM DELIGHT OUR EFFECTIVE USE FINANCIAL THAT DELIVERS CUSTOMERS OF ASSETS STRENGTH AND VALUE CREATION 1H26 Results Presentation 8
Slide 9: New Horizons 4-year Roadmap: FY25 to FY28
New Horizons 4-year Roadmap: FY25 to FY28 RE-SET STEP UP STAND OUT FY25 - FY26 FY26 – FY27 FY28 A strong foundational platform Customer value and operational Preferred logistics provider; scaling excellence; smart business growth up; a market leader Complete the Accelerate • Winning with customers,
Slide 10: Good progress being made on FY26 priorities: Re-set to Step Up
Good progress being made on FY26 priorities: Re-set to Step Up STRONG FOUNDATIONAL PLATFORM WINNING IN MARKET WINNING FREIGHT WAREHOUSING CAPABILITY WITH BUILD VALUE STEP CHANGE STRENGTHEN CUSTOMERS • Smarter delivery for • Revenue uplift • Team strength – One MOVE • Excellent customer better outcom
Slide 11: Freight & Fuel
Freight & Fuel Revenue: $96.4m Normalised EBT: $1.5m Positive normalised earnings delivered for second consecutive HY Revenue • Revenue retained at prior year level despite low demand as 92.9 95.3 96.4 economic headwinds continue to bite NZ$m • Gross margin improvement continuing – up 8.9pp in past
Slide 12: Warehousing
Warehousing Revenue: $21.6m Normalised EBT: $(2.5)m Clear productivity plan in place; priority focus on winning in market to deliver revenue growth Revenue 46.3 • Warehouse sector challenges continue with excess capacity and weak 30.8 NZ$m 21.6 customer demand • Warehousing business in very early-st
Slide 13: Specialist
Specialist Revenue: $8.7m Normalised EBT: $1.0m 1H26 lighter year-on-year; momentum into 2H26 with several large projects commencing and a strong pipeline of work Revenue 9.5 10.3 • Continuing demand for expert services in a tighter market 8.7 NZ$m • Strong pipeline of work in place with new project
Slide 14: International
International Revenue: $14.7m Normalised EBT: $2.1m Positive HY earnings result with Oceans now delivering consistent profit Revenue 14.7 12.0 9.5 Oceans NZ$m • Time charter model with larger vessel working well • Foundational contracted customers utilising the majority of 1H24 1H25 1H26 capacity -
Slide 15: Financial Results
FINANCIAL RESULTS 1H26 Results Presentation 15
Slide 16: 1H26 Group Summary
1H26 Group Summary On track to deliver positive Normalised Earnings in FY26 $Millions 1H26 1H25 • Weak economy continued to impact on Total Income 143.7 150.7 customer demand and activity Normalised EBITDA1 23.4 20.1 • Disciplined cost management and efficiency initiatives supporting earnings and ma
Slide 17: Continued structural reduction in operating expenses
Continued structural reduction in operating expenses 140.0 $9.0m reduction in operating 135.0 expenses year on year 130.0 129.3 • Structural cost out delivering value 125.0 -3.6 • People cost savings of ~$6m 1.4 120.3 120.0 -5.9 -0.1 -0.8 • Reduced transport costs as a percentage 115.0 of Freight re
Slide 18: Gross Margin
Gross Margin Gross Margin % HY improvement +1pp YOY +0.3pp +0.7pp +2.3pp +3.1pp Gross Margin %: +1pp YOY Gross Margin $: -1% (up 5% on 2H25) • Gross Margin % the highest since 1H23 • Improvement driven by effective cost out and efficiency programme 1H24 2H24 1H25 2H25 1H26 • Gross margin $ relativel
Slide 19: Improvement in earnings
Improvement in earnings 1.0 2.4 0.8 Normalised EBT +98%, EBT up $7.9m 0.0 -0.1 -0.1 -0.2 -1.0 -0.9 • Three of MOVE’s four businesses delivering -2.0 4.0 profitable earnings -0.3 -3.0 • Warehousing improving as productivity and $M -4.0 efficiency plan is executed – in early stage of -5.0 turnaround -
Slide 20: Looking Forward
LOOKING FORWARD 1H26 Results Presentation 20 20
Slide 21: 2H26 Outlook
2H26 OUTLOOK New Horizons 4-year roadmap: On track to achieve FY26 target: Delivering on FY26 priorities Return to positive normalised EBT • Lift in market activity and customer demand, alongside • RESET phase nearing structural improvements from the transformation plan and a completion with benefit
Slide 22: Discussion
DISCUSSION 1H26 Results Presentation 22 22
Slide 23: Appendices
APPENDICES 1H26 Results Presentation 23 23
Slide 24: Sound business fundamentals
SOUND BUSINESS FUNDAMENTALS One of the largest providers in the NZ market Multi-modal, end to end supply chain solutions Customer focused, culture of service excellence Experienced and passionate team Competitive, value for money, reliable and resilient provider Strong long term market dynamics and
Slide 25: Financial Measures
Financial Measures MOVE Logistics Group uses several non-GAAP measures when discussing financial performance including EBITDA, Normalised $Millions 1H26 1H25 EBITDA and normalised EBT. The company believes these provide a Net profit/(loss) before income tax (GAAP measure) (0.2) (8.1) better reflecti
Slide 26: MOVE makes logistics easy for customers
MOVE makes logistics easy for customers MARKET LEADER IN 3PL PROVIDER SPECIALISED SERVICES FREIGHT WAREHOUSING INTERNATIONAL FUEL SPECIALIST One of the largest Contracted solutions Global logistics Our specialist road We move domestic freight for customer specialists, providing tanker division is ov
Slide 27: Disclaimer
Disclaimer This presentation has been prepared by MOVE Logistics Group Limited (“MOV”). The information in this presentation is of a general nature only. It is not a complete description of MOV. This presentation is not a recommendation or offer of financial products for subscription, purchase or sa