Mainfreight Limited Ordinary Shares
MFT.NZXIndustrials
The company's origins go back to 1978, with Mainfreight listing in June 1996 following the sale of 60% of the shares on issue by founder Bruce Plested and Neil Graham at 96c each. Mainfreight is a specialist freight forwarding and distribution business. It also has interests in managed warehousing, hazardous substances transportation, air & ocean international freight, full truckload freight and global supply chain logistics. Based in Auckland, the Group has domestic transportation and managed warehousing in NZ, Australia, the Americas and Europe. It also offers air & ocean international transportation in NZ, Australia, the Americas, Europe and Asia, supported by agents in other worldwide locations, and wholesale air & ocean freight services in USA. Mainfreight’s expansion in the late 1990’s included a series of acquisitions including a 75% stake in Lep International (NZ), Lep Air International in Australia and Australian express transport operator K & S Express plus Express Lines, an Australian air & ocean operator with interests in Asia. In July 2003 Mainfreight launched a takeover bid for Owens Group in New Zealand, ending up with a 79.6% share after Toll Holdings acquired a minority position. In May 2005, Mainfreight completed a full takeover of Owens Group when Toll sold its 11.8% stake. In April 2007 Mainfreight sold Pan Orient Project Logistics, and its 75% shareholding in LEP (New Zealand and Australia) for over AU $83m. The 2008 year was significant for Mainfreight following a US$53.7m acquisition of US based Target Logistics, a freight forwarding and logistics company. Mainfreight also acquired the remaining interests in their Asian operations giving them 100% ownership. In April 2011 Mainfreight made its largest acquisition with the €110.0m acquisition of Europe based (Netherlands) Wim Bosman Group. The European operations have now been rebranded as Mainfreight. In the 2025 financial year Mainfreight's revenue was NZ$5.24 billion, with 337 branches in 27 countries, and 11,130 team members.
Market Data
$64.110
+0.0%$6.5B
25.7x
$2.493
3.76%
-0.0%
Latest Earnings
Mainfreight Annual Report for the year ended 31 March 2026
30 June 2026
Mainfreight reported full year results for the year ended 31 March 2026, with group revenue growing 2.8% to NZD 5.38 billion and profit before tax declining 8.5% to NZD 350.9 million. The first half saw an 18% profit decline due to slow cost structure adjustments, but a stronger second half recovery partially offset this weakness. Management noted that trading momentum has continued into April and May 2026, providing cautious optimism for the year ahead. Key points: Group revenue grew 2.8% to NZD 5.38 billion, demonstrating resilient top-line growth despite a challenging macro environment; Strong second half recovery after an 18% profit decline in H1, with momentum continuing into April and May 2026; Australia profit before tax (in AUD) grew 11.1% to AUD 152.6 million, with Australian earnings continuing to exceed New Zealand for the second consecutive year
Recent Announcements
Mainfreight Limited - Team Newsletter July 2026
This is an internal team newsletter from Mainfreight Limited for July 2026, not a regulatory stock exchange announcement. It contains operational updates on the company's 2025/2026 financial performance (NZ$5.2 billion sales, NZ$351 million profit before tax), facility expansions across Australia and New Zealand, and employee recognition awards.
2026 Notice of Annual Meeting of Shareholders
Mainfreight Limited is holding its annual shareholders meeting on Thursday, 30 July 2026 at 4:00pm at Eden Park in Auckland. The meeting will cover the annual report for the year ended 31 March 2026 and one ordinary resolution to authorize the Board to fix the auditor's (EY) fees and expenses.
Mainfreight Annual Report for the year ended 31 March 2026
Mainfreight reported full year results for the year ended 31 March 2026, with group revenue growing 2.8% to NZD 5.38 billion and profit before tax declining 8.5% to NZD 350.9 million. The first half saw an 18% profit decline due to slow cost structure adjustments, but a stronger second half recovery partially offset this weakness. Management noted that trading momentum has continued into April and May 2026, providing cautious optimism for the year ahead. Key points: Group revenue grew 2.8% to NZD 5.38 billion, demonstrating resilient top-line growth despite a challenging macro environment; Strong second half recovery after an 18% profit decline in H1, with momentum continuing into April and May 2026; Australia profit before tax (in AUD) grew 11.1% to AUD 152.6 million, with Australian earnings continuing to exceed New Zealand for the second consecutive year
Mainfreight Sustainability and Climate Report 2026
This is Mainfreight's Sustainability and Climate Report for 2026, not a financial earnings announcement. The report covers environmental initiatives (fleet electrification, solar energy, HVO fuels, SAF pilots), social programs (community partnerships, health & safety), and governance/climate disclosures. No financial results, revenue figures, or earnings metrics are reported in this document. Key points: This is a Sustainability and Climate Report, not a financial earnings announcement — no P&L, revenue, or earnings data is present; Fleet electrification progressing: 89% of material handling equipment is electric, small vehicle fleet is 62% hybrid/electric (up from 54% in 2025); Rooftop solar capacity exceeds 12.0MW across international operations (up 28%), supplying ~17% of total electricity consumption; battery storage at 11.8MWh (up 21%)
Fitts Officer Disclosure June 2026
Ben Fitts, European Regional Manager at Mainfreight Limited, purchased 4,700 ordinary shares on 2 June 2026 at NZ$64.75 per share in an on-market transaction, increasing his holding from 95,311 to 100,011 shares.
Mainfreight Limited Full Year Results to 31 March 2026
Mainfreight reported FY2026 full-year results with group revenue of NZ$5.38B (+2.8%) but net profit declined 8.5% to NZ$251.0M, falling short of prior year profitability despite a stronger second half (H2 PBT NZ$219.2M vs H1 NZ$131.7M). Adjusted EBITDA was broadly flat at NZ$759.8M (-0.2%) while the Americas division swung to a loss of US$7.9M and Europe declined 18.6%, partially offset by strong 11.1% PBT growth in Australia. Post-period trading in April/May has been encouraging with market share gains, though management flags elevated fuel costs and economic uncertainty as ongoing headwinds. Key points: Strong H2 recovery with PBT of NZ$219.2M in H2 vs NZ$131.7M in H1, demonstrating meaningful second-half improvement; Australia delivered PBT growth of 11.1% to AU$152.6M despite closure of Projects division and a one-off A$5M bad debt; Asia returned to profitable growth with PBT up 31.4% to US$12.9M following closure of underperforming warehouses
2026 Annual Shareholders' Meeting & Director Nominations
Mainfreight Limited has announced its 2026 Annual Shareholders' Meeting for Thursday 30 July 2026, with director nominations closing on Saturday 30 May 2026 at 5:00 p.m. NZT. Only shareholders entitled to attend and vote may nominate directors, with submissions to be sent to Chief Financial Officer Graeme Illing.
SPH Notice - FirstCape Group Limited
FirstCape Group Limited changed substantial holding from 6.989% to 7.989%.
Braid Director Disclosure 17 February 2026
Don Braid, Managing Director of Mainfreight Limited, purchased 5,000 ordinary shares on February 5, 2026 for $63,884.80, increasing his holdings from 2,931,591 to 2,936,591 shares held through Domic Investments Ltd.
Half Year Results - 12 November 2026
Upcoming half year results expected 12 November 2026 (from NZX schedule)
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