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Move Logistics Group Limited (ASX:MOV)

ALERT: Price-sensitive ASX Announcement for MOV
Current share price for MOV : $0.150 -0.065 (-30.23%)+
Announcement
Release
29 Aug 2025 7:30AM
Price at Release
$0.215
Full Release
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Summary
Move Logistics Group Limited reported its FY25 financial results for the year ended 30 June 2025, highlighting significant progress in their transformation program aimed at improving profitability and efficiency. The company's revenue dipped by 2.6% to $286.3 million in a challenging economic environment, while a strategic focus on cost reduction and operational efficiency led to a 61% improvement in Normalised Earnings Before Tax (NEBT) to $-10.0 million. Despite the revenue drop, MOVE managed to enhance its gross margin by 4.1 percentage points due to broad cost-out measures and efficiency improvements. The company also reported an improvement in their Net Loss After Tax by $32.5 million. Key strategic initiatives included network optimization, asset utilization, and strengthening customer partnerships, which were instrumental in weathering the competitive landscape. MOVE continues to invest in technologies and fleet modernization to support operational emissions reduction and aims to be a preferred logistics provider in New Zealand.
Key Points
  • Revenue for FY25 was $286.3 million, down 2.6% from FY24.
  • Significant improvement in Normalised EBT by 61% to $-10.0 million.
  • Gross margin improved by 4.1pp, reflecting effective cost reduction efforts.
  • Net Loss After Tax reduced by $32.5 million.
  • Strategic focus on operational efficiency and customer partnership strengthening.
  • Continued investments in modern, fuel-efficient fleet for emissions reduction.
  • Execution of a comprehensive cost-out program yielding ~$27 million in savings.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.