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My Foodie Box Limited ( (AU:MBX) ) has shared an update.
My Foodie Box Limited reported a significant decline in revenue and profits for the year ending June 2025, with a 100% decrease in revenue and a 117% decrease in profit compared to the previous year. The company’s financial position has been impacted by the dilution of its equity holding in MFB (WA) Pty Ltd from 40% to 9.09%, which is now accounted for as a financial asset at fair value. This change, along with the absence of declared dividends, raises concerns about the company’s ongoing financial stability, as highlighted by the audit report’s material uncertainty regarding its ability to continue as a going concern.
More about My Foodie Box Limited
My Foodie Box Limited operates in the food delivery industry, focusing on providing meal kits to consumers. The company is involved in the preparation and delivery of fresh ingredients and recipes to customers’ doorsteps, aiming to simplify meal preparation and enhance culinary experiences at home.
Average Trading Volume: 10,000
Technical Sentiment Signal: Sell
For an in-depth examination of MBX stock, go to TipRanks’ Overview page.