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The latest announcement is out from Move Logistics Group Limited ( (AU:MOV) ).
Move Logistics reported first-half 2026 revenue of $143.7m, down 5% year on year amid weak market conditions, but delivered a sharply improved financial performance with normalised earnings before tax nearly breakeven and a net loss after tax reduced to $0.9m. Earnings turned positive in the second quarter, gross margins reached their highest level since 1H23, operating cash flow rose to $17m and net debt fell to $12.8m, supported by cost discipline and efficiency gains.
Three of the group’s four divisions are now profitable, led by steady results in freight and fuel, a profitable international arm as its trans-Tasman Oceans service moves into the black, and solid specialist project work, while warehousing remains loss-making but is showing gradual improvement under a turnaround plan. Move has also secured a new BNZ invoice finance facility of up to $22m that is expected to lower funding costs, and the board says the company is nearing the end of its RESET phase and remains on track to return to positive normalised earnings in FY26 as market conditions slowly recover.
More about Move Logistics Group Limited
Move Logistics Group Limited is a New Zealand-based transport and logistics company listed on the NZX and ASX. It operates across freight and fuel, warehousing, international shipping and specialist logistics, focusing on integrated nationwide solutions and trans-Tasman services for a range of industrial and commercial customers.
Average Trading Volume: 13,463
Technical Sentiment Signal: Hold
Current Market Cap: A$24.21M
For detailed information about MOV stock, go to TipRanks’ Stock Analysis page.