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Mainfreight

Directory

NZX code:
MFT
Short name:
Mainfreight
Legal name:
Mainfreight Limited
Industry sector: Freight
NZX50 rank: [no data]
Head office:
2 Railway Lane, Otahuhu, 1062
Chairman:
Bruce Plested
Chief executive:
Don Braid
Financial year ended:
March
Locations: NZ, Australia, China, Europe, America
Auditor:
EY
Bankers:
Westpac, CBA, HSBC, MUFG, Bank of China, ING Belgium

Mainfreight

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Financial Data

A. Recent trading and performance summary

Total revenue NPAT Earnings per share
bln mln cents
2018 2.6 108 107
2019 3.0 138 137
2020 3.1 159 158
2021 3.5 188 187
2022 5.2 355 353
2023 5.7 426 424
2024 4.7 208 207
2025 5.2 274 272

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B. Recent financial position summary

Total assets Total Liabilities Equity ratio
bln bln %
2018 1.4 0.7 51
2019 1.5 0.7 56
2020 2.3 1.3 42
2021 2.5 1.4 45
2022 3.0 1.6 47
2023 3.4 1.7 50
2024 3.8 1.9 49
2025 4.1 2.1 49

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C. Recent cash flows and positions

Cash inflows Cash outflows Cash and equiv. at year end
mln mln mln
2018 140 135 81
2019 197 164 115
2020 301 307 116
2021 376 346 140
2022 504 439 202
2023 757 633 342
2024 505 644 214
2025 584 628 179

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D. Recent key ratio analysis

Earnings per share Price:Earnings ratio NTA/share Dividend yield
cents annual avg dollars annual avg %
2018 107 23 4.8 1.8
2019 137 26 6.2 1.6
2020 158 22 7.3 1.7
2021 187 37 8.3 1.1
2022 353 24 11.5 1.0
2023 424 16 14.2 3.6
2024 207 33 15.6 3.5
2025 272 24 16.8 3.5

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Description of trading activities

Mainfreight Limited is a listed-New Zealand logistics and transport company headquartered in Auckland. Mainfreight commenced operations in Auckland in 1978 and is one of the largest freight companies in New Zealand.

CEO profile

Don Braid joined Daily Freightways in 1978, gaining understanding of the business and industry through experience. In 1994, Mainfreight purchased the business, and Braid went on to hold various senior management roles at Mainfreight prior to his appointment as managing director in 2000. Braid has led Mainfreight to highly successful growth and expansion with now operation in over 26 different countries, with over $3 billion dollars in revenue.

Chairman profile

Bruce Plested is the Chairman and founder of Mainfreight Limited from the companies inception in 1978. In 2016, Plested was admitted into the New Zealand Business Hall of Fame. Outside of leading one of NZ's largest transport and logistics  company, Plested has started a number of initiations to improve education in NZ including a wealth of support for the Duffy books foundation, The Life education trust, and starting Bairds Mainfreight Primary School.