Mainfreight Limited · NZX:MFT
Mainfreight — H1 FY2027 Earnings Presentation
15 slides from Mainfreight's earnings presentation, Nov 12, 2026
Slide 1: Mainfreight Limited Half Year Result
MAINFREIGHT LIMITED HALF YEAR RESULT September 2026
Slide 2: Result Summary
Result Summary Revenue $3.12 billion up 19.8% PBT $219.2 million up 66.4% Net Profit $155.4 million up 66.4%
Slide 3: Half Year Overview
Half Year Overview Improved first half result when compared to poor prior year PBT NZ$219 million versus NZ$132 million Revenue growth of NZ$515 million • Fuel Adjustment Factor - NZ$143 million (transport activity only) • New business and improved trading from existing customers Better profit perfo
Slide 4: Dividend
Dividend Directors have approved an interim dividend of 85 cents per share Books close 11 December 2026 Payment on 18 December 2026
Slide 5: Capital Management
Capital Management Operating Cash Flows remain satisfactory - NZ$327.8 million versus NZ$209.6 million last year Net Capex NZ$97.0 million - NZ$65.3 million on property Net Funds at NZ$54.0 million versus NZ$26.6 million in prior year “cash at hand” Bank Debt of NZ$135.0 million, drawn from a total
Slide 6: Future Capital Expenditure Update: F27-F28
NZ$ MILLION F27 NZ$ MILLION F28 Future Capital Planned Capital Expenditure $164 Planned Capital Expenditure $93 Expenditure • Property $66 • Property $7 • Fit-out costs $30 • Fit-out costs $26 Update: F27-F28 • Non-property capex $68 • Non-property capex $60 Property and Fit-out Costs F27-F28 New Ze
Slide 7: Three Core Products - NZ$
Three Core Products - NZ$ TRANSPORT Revenue $1.474 billion 24.2% PBT $116.36 million 99.2% Total tonnes increased 7% to 5.4 million tonnes Total cubic metres increased 9% to 12 million cubic metres Total consignments increased 4% to 4.8 million consignments European and USA improvements have contrib
Slide 8: Half Year 2027 Analysis
Half Year 2027 Analysis $000 Revenue Var % Profit Before Tax Var % New Zealand NZ$ 693,105 20.4% 66,903 51.9% Australia AU$ 810,822 10.1% 74,035 26.2% Americas US$ 360,846 15.2% 6,871 393.3% Europe EU€ 358,534 16.7% 20,369 118.2% Asia US$ 66,424 9.8% 5,979 6.0% Group NZ$ 3,121,090 19.8% 219,208 66.4
Slide 9: New Zealand
New Zealand TRANSPORT • Increased road and rail linehaul utilisation • Freight volume increases have improved results from new facilities for Daily Freight and Owens and Mainfreight’s regional investments • Food and beverage customer verticals assisting activity increases WAREHOUSING • Stronger frei
Slide 10: Australia
Australia TRANSPORT • Significant new business gains assisting revenue improvements • Regional branch profitability improving • Brisbane (Willawong) facility operational and increasing profitability post September WAREHOUSING • Better site efficiencies assisting profitability growth • Elimination of
Slide 11: Americas
Americas TRANSPORT • Delivery service quality is improving • Customer gains has assisted linehaul utilisation • Still yet to be profitable, trends are encouraging WAREHOUSING • Improving performance from most warehouses • More freight consignments generated, replacing B to C activity and high cost t
Slide 12: Europe
Europe TRANSPORT • Pleasing transport improvements, better cross-dock efficiencies, better linehaul utilisation • New branch developments for the Netherlands and Belgium to develop transport intensification • Germany network development under consideration WAREHOUSING • Better freight profile and im
Slide 13: Asia
Asia PERFORMANCE • A satisfactory performance in a very competitive market • Do expect stronger growth over medium term • China still dominating earnings, India and South-East Asia improving, albeit slowly • Margins require improvement OUTLOOK • Trading post September has been satisfactory
Slide 14: Outlook
Outlook Half year result satisfactory • Momentum maintained throughout the first half o Prior period performance was disappointing Customer gains have been pleasing Current customer activity ahead of year prior Food, beverage, DIY volumes have been a feature Volume improvement across all regions hel
Slide 15: Coming Up
Coming Up FY27 – 12 months ended March 2027 - 27 May 2027 Annual Meeting of Shareholders - 29 July 2027 HY28 – 6 months ended September 2027 - 11 November 2027