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My Food Bag Group (MFB) briefings
Read that company's published results in release order, newest first.
My Food Bag Group (MFB)FY26Released 21 May 2026
Debtor days hit unprecedented 3.0 as receivables more than tripled
Working capital absorbed NZ$1.5m against a historical mean of NZ$-0.1m, yet net debt still fell NZ$5.1m on stronger free cash flow.
Published 21 May 2026
Read briefingMy Food Bag Group (MFB)HY26Released 20 November 2025
Revenue grew 3.8% but a $4.4m working-capital build drained cash
Trade debtors swelled to $4.6m from $0.6m while a 19.8% tax rate cushioned NPAT against a 12.2% PBT decline.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)FY25Released 22 May 2025
Net debt cut $4.9m on stronger cash but PBT flat at $8.6m
Operating cash flow rose 35% to $13.2m and full-year dividend tripled to 1.5cps, while revenue and PBT were essentially flat.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)HY25Released 21 November 2024
PBT up 17.1% but cash quality leans on capex cut and working capital release
Earnings returned to growth on a -1.9% revenue base, but FCF of NZ$6.1m reflects capex falling 92% and an unusual working capital release.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)HY24Released 23 November 2023
NPAT fell 57.6% as net debt/EBITDA jumped to 1.91x, dividend suspended
Revenue down 11.2% and 140bps of gross margin loss have pushed leverage above its historical 0.51x-1.20x range and ended the interim dividend.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)FY24Released 23 November 2023
PBT fell 68.2% but NPAT held flat on a zero-tax bridge
Operating earnings collapsed against the company's historical range while a 0.0% effective tax rate masked the deterioration in headline net profit.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)FY23Released 19 May 2023
Net cash swung to $15.3m net debt as FCF collapsed to $2.0m
Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)HY23Released 18 November 2022
Payout ratio versus pre-lease FCF is suppressed because the source-backed cash-dividend bridge is unavailable.
NPAT fell 37.2% on a 4.1% revenue decline, with an 8x capex step-up and working-capital build leaving the maintained interim dividend uncovered.
Published 22 April 2026
Read briefingMy Food Bag Group (MFB)FY22Released 20 May 2022
PBT up 208.9% on 1.7% revenue growth as margins hit records
EBITDA margin of 17.6% sits well above the 10.0% historical baseline, and PBT is the cleaner read because a 72.8% prior tax rate normalised to 28.1%.
Published 22 April 2026
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