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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 (0%)+
Announcement
Release
24 Jul 2026 7:30AM
Price at Release
$0.150
Full Release
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Summary
Move Logistics Group Limited announced that it has achieved its FY26 earnings target, reporting positive normalised earnings before tax (NEBT) for the financial year ended 30 June 2026. The company has seen revenue growth and significant improvement across three out of four business divisions, with warehousing still facing challenges. MOVE continues to implement its New Horizons four-year roadmap, now focusing on accelerating commercial growth after completing foundational transformations. Financial management improvements include reduced borrowings, net debt, and positive free cashflow. A new invoice finance facility is expected to lower finance costs and optimize working capital. Despite an uncertain economic recovery, MOVE is committed to sustainable value creation, highlighting its strengthened business and readiness for future growth.
Key Points
  • MOVE Logistics Group achieved positive NEBT for FY26.
  • Revenue growth and improvements seen in three out of four business divisions.
  • Continued challenges in the warehousing division.
  • Execution of the New Horizons four-year roadmap with a focus on growth.
  • Reduction in borrowings and net debt with positive free cashflow.
  • Introduction of a new invoice finance facility to reduce costs.
  • Focus on sustainable value creation despite economic uncertainties.
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.