The company operates 337 branches across 27 countries with 11,130 team members and generated NZ$5.24 billion in revenue in the 2025 financial year. Australia has become the largest revenue and profit contributor, with sales increases achieved across all five regions and three divisions: Transport, Warehousing, and Air & Ocean. The company's multi-decade track record and acquisitive growth strategy position it as a mature, diversified global logistics operator.
Cyborg Score Rationale
Mainfreight demonstrates solid fundamentals with scale (NZ$5.24B revenue, 11,130 employees), strong geographic diversification across five regions, and positive operational momentum (revenue growth 9% FX-adjusted). The recent performance shows resilience despite regional headwinds in Asia and Americas, though recent profit declines in these regions and overall profitability pressure (PBT down 4% FX-adjusted) warrant caution.
Top Insights
Australian operations represent strategic growth engine, now the largest profit contributor after years of regional expansion
Strong dividend policy and improved operating cash flow ($584M in FY2025, up from $505M) demonstrate shareholder-friendly capital allocation
Global footprint of 337 branches across 27 countries provides unmatched geographic reach and diversification vs peers
Regional profit pressure in Asia, Americas and New Zealand offset by Australian strength, indicating mixed momentum across segments
Named Competitors
Integrated Parcel & Logistics — Global logistics giant with express, ground, and supply chain solutions
Integrated Express Delivery — Worldwide courier and freight forwarding services
Global Logistics Network — European and Asian-Pacific logistics and express delivery operator
Recent Developments
(May 2025) Full-year FY2025 results reported: NZ$5.24B revenue, final dividend 87 cents per share, improved operating cash flow to $584M
(May 2025) Market update signaled FY2025 results alignment with expectations following earlier guidance
(2023) USA operations achieved Motor Carrier Authority license, enabling LTL (Less-than-Truckload) ground shipping expansion
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