New Zealand's Move Logistics rises, sees higher normalised earnings before tax

Move Logistics

22/07/2025 05:40

** Shares of Move Logistics Group Ltd MOV.NZ climb as much as 7.9% to NZ$0.205, hitting their highest level since May 23

** Freight and logistics firm says it has achieved FY25 financial targets, based on preliminary unaudited results

** Normalised earnings before tax significantly ahead of prior year, net adjusted operating cashflow positive

** Says operating expenses significantly down in H2, sees smaller FY25 net loss after tax

** Says it expects to return to positive normalised EBT in FY26

** Co will report its FY25 audited results on August 29

** About 117,100 shares change hands, 5.2x the 30-day average

** Session trims YTD losses to 2.4%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))