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Move Logistics Group Limited (ASX:MOV)

ALERT: Price-sensitive ASX Announcement for MOV
Current share price for MOV : $0.145 -0.03 (-17.14%)+
Announcement
Release
30 Oct 2025 7:30AM
Price at Release
$0.175
Full Release
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Summary
Move Logistics Group Limited has reported a trading update for the first quarter of the fiscal year 2026. The company showed improvements across all its business segments except for its Warehousing division. The normalised EBT loss decreased by 68% compared to the first quarter of 2025, with gross margins reaching the highest level in two years. Operating costs have been reduced by approximately $3 million from the previous year despite a 3.5% drop in group revenue due to ongoing economic challenges. MOVE Logistics remains focused on increasing revenue and gaining new business, with a strong emphasis on customer service and efficiency, aiming to achieve positive normalised EBT by the end of FY26. The 2025 Annual Shareholders’ Meeting was held on the same day as the announcement.
Key Points
  • MOVE Logistics Group Limited provided a trading update for the first quarter of FY26.
  • Improvements were noted across all businesses except Warehousing.
  • Normalised EBT loss improved by 68% compared to 1Q25.
  • Gross margin was the highest in two years, due to cost efficiency efforts.
  • Quarterly operating costs reduced by approximately $3 million compared to the prior period.
  • Group revenue decreased by 3.5%, with limited economic recovery.
  • Strong focus remains on driving revenue and acquiring new business.
  • The company aims to return to positive normalised EBT in FY26.
  • The 2025 Annual Shareholders’ Meeting was scheduled for 30 October 2025.
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.