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
$0.305
0.0%$76.7M
11.4x
$0.027
7.29%
+0.4%
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
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.
My Food Bag announces review
My Food Bag Group Limited has appointed Cameron Partners Limited to conduct a review of its ownership, capital structure, and strategic options, citing improved business performance that has not yet been reflected in its share price. The company emphasizes there is no certainty any transaction will result, and continuing as an NZX-listed company remains a possible outcome.
My Food Bag - Market Update: FY26 Momentum Continues
My Food Bag Group Limited (MFB) forecasts FY26 full year revenue growth of 4.9% with H2 revenue up 6.0% half-on-half, and expects net profit after tax of $6.4-$6.8 million (versus $6.3m in FY25), supported by improved gross margins, growing retained active customers, and new product offerings including High Protein and GLP-1 support ranges.
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