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Move Logistics Group Limited (ASX:MOV)

ALERT: Price-sensitive ASX Announcement for MOV
Current share price for MOV : $0.180 0.03 (20%)+
Announcement
Release
25 Aug 2026 7:31AM
Price at Release
$0.150
Full Release
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Summary
Move Logistics Group Limited (MOV) reported its financial results for the year ended 30 June 2026, showing a return to profitability with a net profit after tax of $321,000, compared to a loss of $15.6 million the previous year. The company's revenue grew by 1.5% to $290.6 million, and it achieved positive free cash flow of $6.3 million. The Freight & Fuel division saw a revenue increase of 5.2% to $198.6 million, while the Warehousing division faced challenges with a revenue decline of 23% to $41.3 million. The International division posted a significant revenue growth of 19.8% to $30.7 million. The reset phase of the company's strategic plan is complete, and it now focuses on creating long-term value with a robust strategy moving forward.
Key Points
  • Return to profitability with a net profit of $321,000.
  • Revenue increased by 1.5% to $290.6 million.
  • Positive free cash flow of $6.3 million achieved.
  • Freight & Fuel division revenue grew by 5.2%.
  • Warehousing division faced a 23% revenue decline.
  • International division revenue increased by 19.8%.
  • Strategic reset phase completed, focus on long-term value creation.
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.