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FRE - Freightways profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.



NZX code: FRE
Short name: Freightways
Legal name: Freightways Limited
Industry sector: Freight and information
NZX50 rank: 18 of 50
Head office address: 2nd Floor, Freightways House, 32 Botha Road, Penrose, Auckland
Chairman: Mark Verbiest
Chief executive: Mark Troughear
Financial year ended: June
Locations: New Zealand, Australia
Auditor: Pwc
Bankers: [not revealed]

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Financial statement history

A. Recent trading and performance summary:

NPAT Earnings
per share
fye June mln mln cents
2016 $505.4 $49.8 32.2
2017 $545.3 $60.9 39.3
2018 $580.9 $62.2 40.1
2019 $615.7 $63.4 40.8
2020 $630.9 $47.4 30.0

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B. Recent financial position summary:

fye June bln bln %
2016 $0.51 $0.29 43.1
2017 $0.54 $0.30 44.4
2018 $0.56 $0.30 46.4
2019 $0.58 $0.31 46.6
2020 $1.05 $0.73 30.5

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C. Recent cash flows and positions:

Cash and equiv. 
at year end
fye June mln mln mln
2016 $61.8 $68.5 $7.1
2017 $65.3 $63.9 $8.4
2018 $75.7 $77.2 $7.4
2019 $76.0 $66.8 $16.0
2020 $127.2 $126.7 $16.7

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Description of trading activities 

Freightways is primarily an express package and business mail service provider. They have recently successfully expanded into information management, building digital and physical brands in Australia and New Zealand.

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CEO profile

Mark Troughear became the CEO of Freightways on January 1st 2018. He joined Freightways in 1996 and has responsibilities in the information management division. He has a business degree with a major in marketing.

Chairman profile

Mark Verbiest was appointed the Chairman of Freightways in October 2018. He is a trained lawyer and has spent over 7 years on the senior executive team of Telecom NZ. He is also the chairman of Meridian Energy and Willis Bond Capital Partners, as well as a director of ANZ Bank NZ.


Company website:
Investor information:
NZX listing:
Annual reports:

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