Also trades as: MFGHF (OTC) · $vol 0M

NZ$65.05 ($36.38)

+0.00 (+0.00%)

Weekly Expected Move ±2.6%

NZ$62 NZ$63 NZ$65 NZ$67 NZ$68

NZE · Industrials · Integrated Freight & Logistics · Tech Score Neutral · Power 43 · NZ$6.6B mcap · 81M float · 0.080% daily turnover

Revenue

$5.4B +2.8% ▲

5Y CAGR: +8.7%

Gross Profit

$831M -26.3% ▼

5Y CAGR: -9.9%

Operating Income

$409M -63.7% ▼

5Y CAGR: +7.7%

Net Income

$251M -8.5% ▼

5Y CAGR: +5.9%

EPS (Diluted)

$2.49 -8.5% ▼

5Y CAGR: +5.9%

EBITDA

$760M -32.6% ▼

5Y CAGR: +11.0%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$5.2B	$5.7B	$4.7B	$5.2B	$5.4B
YoY Growth	+47.3%	+8.8%	-16.9%	+11.0%	+2.8%
Cost of Revenue	$3.4B	$3.4B	$2.6B	$4.1B	$4.6B
Gross Profit	$1.9B	$2.2B	$2.1B	$1.1B	$831M
Gross Margin	35.7%	39.3%	44.4%	21.5%	15.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$887M	$1.0B	$1.0B	$1.1B	$422M
Operating Expenses	$1.4B	$1.6B	$1.7B	$378M	$422M
Operating Income	$505M	$595M	$428M	$1.1B	$409M
Operating Margin	9.7%	10.5%	9.1%	21.5%	7.6%
Interest Expense	$21M	$27M	$37M	$49M	$58M
Income Before Tax	$489M	$587M	$395M	$384M	$351M
Tax Expense	$134M	$161M	$187M	$109M	$100M
Net Income	$355M	$426M	$209M	$274M	$251M
Net Margin	6.8%	7.5%	4.4%	5.2%	4.7%
EPS (Diluted)	$3.53	$4.24	$2.07	$2.72	$2.49
EBITDA	$711M	$854M	$699M	$1.1B	$760M
Shares Outstanding	101M	101M	101M	101M	101M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$3.0B	$2.7B	$2.4B	$2.4B	$2.6B	$2.7B	$2.6B	$2.8B
Cost of Revenue	$2.5B	$2.2B	$2.0B	$1.8B	$2.2B	$2.2B	$2.2B	$2.3B
Gross Profit	$479M	$491M	$379M	$571M	$363M	$436M	$366M	$465M
Gross Margin	15.9%	18.4%	16.1%	24.2%	14.2%	16.2%	14.0%	16.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$166M	$192M	$192M	$331M	$177M	$190M	$206M	$216M
Operating Expenses	$166M	$192M	$192M	$1.5B	$177M	$190M	$206M	$216M
Operating Income	$313M	$299M	$187M	$240M	$187M	$246M	$160M	$250M
Operating Margin	10.4%	11.2%	8.0%	10.2%	7.3%	9.2%	6.1%	9.0%
Interest Expense	$11M	$13M	$13M	$20M	$25M	$24M	$28M	$30M
Income Before Tax	$302M	$286M	$175M	$221M	$161M	$222M	$132M	$219M
Tax Expense	$85M	$76M	$50M	$136M	$47M	$63M	$38M	$62M
Net Income	$217M	$209M	$125M	$84M	$115M	$160M	$93M	$158M
Net Margin	7.2%	7.8%	5.3%	3.6%	4.5%	6.0%	3.6%	5.7%
EPS (Diluted)	$2.16	$2.08	$1.24	$0.84	$1.14	$1.59	$0.93	$1.57
EBITDA	$422M	$429M	$320M	$441M	$341M	$421M	$330M	$429M
Shares Outstanding	101M	101M	101M	101M	101M	101M	101M	101M

MFT.NZ NZE