MOVE Logistics Group (MOV) AGM 2026 summary

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.