NZ's My Food Bag hits over 1-year high on revenue boost, upbeat outlook

My Food Bag

20/11/2025 03:46

** Shares of My Food Bag Group MFB.NZ jump as much as 6% to NZ$0.265, their highest level since August 26, 2024

** Stock set for its strongest trading session in 2 weeks, if current trends hold

** Digital food-delivery co posts H1 revenue of NZ$85.4 mln ($47.91 mln), up 3.8% compared to a year ago

** However, co reports slight drop in H1 net profit after tax (NPAT) of NZ$2.9 million, versus NZ$3 million a year ago

** Co sees FY profitability to be broadly in line with prior year, despite challenging market conditions expected in H2 FY26

** Firm declares fully imputed interim dividend of 0.75 NZ cents per share

** Shares up 26.2% YTD, including day's moves

($1 = 1.7825 New Zealand dollars)

 (Reporting by Aamir Shaik Khalid in Bengaluru)

 ((aamir.sheikkhalid@thomsonreuters.com))