My Food Bag: revenue up 3.8% but PBT fell 13.2% as cash drained to $0.1m
A lower effective tax rate masked operating pressure, and a halving of borrowings left the closing cash balance at just $0.1 million.
Published 22 April 2026
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A lower effective tax rate masked operating pressure, and a halving of borrowings left the closing cash balance at just $0.1 million.
Published 22 April 2026
Read briefingFull-year revenue was flat and EBITDA barely moved, but deleveraging and a sharp capex cut did most of the work on free cash flow.
Published 22 April 2026
Read briefingA second consecutive year of first-half revenue decline is being offset by margin, cash and debt repair, with a 0.65 cps interim dividend now...
Published 22 April 2026
Read briefingCustomer and Bargain Box volume growth did not prevent sharp operating de-leverage, and the balance sheet absorbed the shortfall through higher...
Published 22 April 2026
Read briefingActive customers and Bargain Box volumes grew, but gross margin compression and negative operating leverage more than halved H1 NPAT versus H1 FY23.
Published 22 April 2026
Read briefingRevenue fell 9.4% but operating cash flow collapsed 67% and the FY22 final dividend was not repeated, with a first-half-weighted earnings shape.
Published 22 April 2026
Read briefingA 120bps gross margin gain was overwhelmed by operating deleverage, a capex step-up and a near-empty cash balance.
Published 22 April 2026
Read briefingPro forma EBITDA1 rose 18.1% to $34.2m and the group swung to a small net cash position, but a stock build and soft HY22 revenue temper the read.
Published 21 April 2026
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