Move Logistics hits positive FY26 normalised earnings target

• MOVE Logistics Group achieved positive normalised earnings before tax for the fiscal year ended June 30.
• Three out of four operating divisions delivered profitable earnings following ongoing operational transformations.
• The company shifted its focus towards top-line growth while working to establish a new invoice finance facility.

MOVE Logistics Group (ASX:MOV) reported positive preliminary unaudited normalised earnings before tax for the year ended June 30.

The return to positive earnings follows a period of organisational restructuring under the company's New Horizons four-year roadmap.

"FY26 marks an important milestone for MOVE as we delivered our financial target of positive normalised earnings and further strengthened the business," said MOVE Logistics Group CEO Paul Millward.

The company executed structural cost-outs, reduced net debt, and agreed on a new Bank of New Zealand invoice finance facility commencing in November.

Management intends to focus on accelerating top-line commercial growth to drive further profitability.

Following the announcement, the MOVE Logistics Group share price was unchanged at $0.14.

The transport and logistics group operates across four core divisions comprising Freight & Fuel, Specialist, International, and Warehousing.

The business initiated its four-year strategy in June 2024 to transition from foundational transformation towards sustainable value creation.