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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
MOVE Logistics Group
MOVE Logistics Group (MOV) investor relations material
MOVE Logistics Group AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary29 Oct, 2026
Opening remarks and agenda
Quorum was declared; audited FY26 statements were included in the annual report released 25 August, with shareholders able to ask questions and vote online or in person.
Agenda covered Chair and CEO presentations, shareholder discussion, three poll resolutions, general business and meeting close.
Financial performance review
FY26 revenue rose 1.5% to NZD 290.6m; gross margin was NZD 85.5m, up 2.5%, and gross margin percentage was 29.4%, up 0.2pp.
Normalised EBT improved to NZD 1.6m from a NZD 10.0m loss; EBT was NZD 1.5m vs a NZD 14.2m loss, and NPAT attributable to owners was NZD 0.3m vs a NZD 15.6m loss.
Free cash flow rose to NZD 6.3m from NZD 2.1m; net debt fell 38% to NZD 10.4m from NZD 16.7m, and ROIC excluding leases was 10.6% vs (11.6)%.
Three of four divisions were profitable: Freight & Fuel NEBT NZD 3.2m, Warehousing NZD (5.1)m, Specialist NZD 3.0m and International NZD 4.4m; Specialist had its strongest earnings in three years.
Freight returned to profit and Trans-Tasman ocean service became profitable; International continued growing.
Board and executive committee updates
Graham Stuart joined as an independent director on 1 August 2026; the board unanimously supported his election, citing his finance, transformation and governance experience.
Lachie Johnstone said the board unanimously endorsed Julia Raue’s re-election, citing her leadership through the turnaround.
Stuart said he serves on six boards, including one other listed board, and intends to buy shares, consistent with his personal practice.
Leadership roles included CEO Paul Millward, CFO Lee Banks and general managers across People & Culture, Freight, Fuel Operations, Warehousing, Sales, Strategy and Commercial Performance, Oceans & International, and Specialist Lifting.
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Latest events from MOVE Logistics Group
- Profit returned with revenue up 1.5% and net debt down 38%, highlighting a strong turnaround.MOV
H2 2026 - Transformation delivers cost savings, margin growth, and improved earnings amid tough conditions.MOVASM presentation 2025
- Accelerated transformation targets cost control and profitable growth after a difficult FY24.MOVASM presentation 2024
- Earnings and cashflow improved, with profitability in most divisions and cost reductions ahead.MOVH1 2026
- Transformation and margin gains continue as leadership and governance evolve amid headwinds.MOVAGM 2025
- Transformation drove 61.1% NEBT improvement and margin gains, setting up for FY26 profitability.MOVH2 2025
- Turnaround plan targets positive cash flow in FY25 and profit in FY26 after a tough FY24.MOVAGM 2024
- Revenue fell 13% to $301.7m, net loss $(48.1)m; turnaround plan targets FY26 profit.MOVH2 2024
- Earnings loss halved and gross margin hit 29% as transformation drives improvement.MOVH1 2025
Next MOVE Logistics Group earnings date
H1 202725 Feb, 2027
MOVE Logistics Group
Next MOVE Logistics Group earnings date
H1 202725 Feb, 2027
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Frequently asked questions
MOVE Logistics Group Limited is a New Zealand-based logistics and transport company that provides a range of freight, logistics, and supply chain services. The company operates across multiple sectors, including road, rail, and sea transportation, offering solutions for general freight, bulk liquids, and specialized cargo. MOVE Logistics also provides warehousing, distribution, and logistics management services, enabling end-to-end supply chain solutions for its clients. Serving customers throughout New Zealand and internationally, the company focuses on optimizing logistics efficiency and delivery reliability. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX.