My Food Bag Group Limited Ordinary Shares
MFB.NZXConsumer Discretionary
My Food Bag is an online food delivery business and New Zealand’s longest standing meal kit provider. Each week My Food Bag delivers thousands of bags full of nutritious, locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. My Food Bag offers a broad range of meal kit bags in New Zealand under the My Food Bag, Bargain Box and Fresh Start brands and also has a range of ready-made meals with the MADE brand. Visit www.myfoodbag.co.nz.
Market Data
$0.285
+0.0%$72.5M
10.6x
$0.027
9.42%
+0.3%
Latest Earnings
My Food Bag reports full year profitability up 5.3%
21 May 2026
My Food Bag Group delivered FY26 full-year revenue of NZ$170.2M (+5.0%), with NPAT of $6.7M (+5.3%) and EBITDA of $16.4M (+1.8%), demonstrating consistent profitable growth in a challenging consumer environment. Second-half momentum was particularly encouraging with H2 revenue growth of 6.2% year-on-year and gross margin improving to 49.5% in H2. The business enters FY27 with positive early trading (+5.1% revenue growth in first 7 weeks) and has commenced a strategic review of its ownership and capital structure, though cost headwinds from fuel supply disruption and ingredient inflation are emerging. Key points: H2 revenue growth accelerated to 6.2% YoY, demonstrating clear business momentum in the second half; Net debt reduced by $5.1M to $1.9M (from $15.3M three years ago), with free cash flow of $8.5M significantly strengthening the balance sheet; Total FY26 dividend of 1.90 cents per share (fully imputed), representing a 10.1% yield based on share price of $0.26 as at 13 May 2026
Recent Announcements
Notice of Meeting
My Food Bag Group Limited is holding its 2026 Annual Shareholders' Meeting on Wednesday, 19 August 2026 at 11:00am in Auckland, with virtual attendance options available. Shareholders will vote on the re-election of three directors (Jennifer Bunbury, Sarah Hindle, and Mark Powell) and authorize the Board to fix auditor fees for EY.
Issue of Performance Rights
My Food Bag Group Limited issued 4,890,931 Performance Rights to senior employees under its variable reward plan on 8 July 2026, with vesting dependent on FY27 company and personal performance hurdles plus retention over 2-3 year periods; if exercised, these would represent 1.92% of ordinary shares currently on issue.
Ongoing Disclosure Notice - Mark Winter
Mark Winter, Chief Executive Officer of My Food Bag Group Limited, received a grant of 2,075,829 performance rights under the company's variable reward plan on 8 July 2026, increasing his total performance rights holding from 3,202,863 to 5,278,692. He also holds 3,015,249 ordinary shares in the company.
Ongoing Disclosure Notice - Louise Newsome
Louise Newsome, Chief Financial Officer of My Food Bag Group Limited, was granted 532,500 performance rights on 8 July 2026 under the company's variable reward plan, increasing her total performance rights holding from 817,902 to 1,350,402. The grant was made at nil consideration and is not subject to trading restrictions.
Issue of Ordinary Shares
My Food Bag Group Limited issued 3,160,794 ordinary shares on 22 June 2026 following the vesting and exercise of 50% of performance rights granted to eligible employees under the 2024 Long Term Incentive Plan, bringing total ordinary shares on issue to 254,535,260. The remaining 50% of performance rights (7,469,953 total remaining) remain eligible for vesting in 2027 subject to retention conditions.
Ongoing Disclosure Notice - Mark Winter
Mark Winter, Chief Executive Officer of My Food Bag Group Limited, acquired 1,329,546 ordinary shares on 22 June 2026 through the vesting of performance rights granted under the company's Long Term Incentive Plan, increasing his shareholding from 1,685,703 to 3,015,249 ordinary shares.
Ongoing Disclosure Notice - Louise Newsome
Louise Newsome, Chief Financial Officer of My Food Bag Group Limited, acquired 357,143 ordinary shares on 22-Jun-26 through the vesting of performance rights granted under the company's Long Term Incentive Plan, bringing her total ordinary share holding to 369,876 shares.
Closing Date for Director Nominations
My Food Bag Group Limited announces that director nominations for its 2026 Annual Shareholders' Meeting (scheduled for 19 August 2026) will close on 23 June 2026 at 5:00 pm NZ time. Nominations must be submitted by eligible shareholders to the company's Chief Financial Officer.
My Food Bag reports full year profitability up 5.3%
My Food Bag Group delivered FY26 full-year revenue of NZ$170.2M (+5.0%), with NPAT of $6.7M (+5.3%) and EBITDA of $16.4M (+1.8%), demonstrating consistent profitable growth in a challenging consumer environment. Second-half momentum was particularly encouraging with H2 revenue growth of 6.2% year-on-year and gross margin improving to 49.5% in H2. The business enters FY27 with positive early trading (+5.1% revenue growth in first 7 weeks) and has commenced a strategic review of its ownership and capital structure, though cost headwinds from fuel supply disruption and ingredient inflation are emerging. Key points: H2 revenue growth accelerated to 6.2% YoY, demonstrating clear business momentum in the second half; Net debt reduced by $5.1M to $1.9M (from $15.3M three years ago), with free cash flow of $8.5M significantly strengthening the balance sheet; Total FY26 dividend of 1.90 cents per share (fully imputed), representing a 10.1% yield based on share price of $0.26 as at 13 May 2026
FY26 Results Announcement Date and Briefing Details
My Food Bag Group Limited will release its FY26 annual results on Thursday, 21 May 2026 prior to market opening, with a management briefing conference call scheduled for 11am the same day.
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