25 May 2021

Mainfreight Financial Result for the twelve months ended 31 March 2021

Mainfreight is pleased to provide you with a copy of its financial statement to 31 March 2021 and additional related documents as released to the market via NZX.

Our headline results are as follows:

• Total Revenue increased by $448.44 million, or 14.5%
• Profit before tax increased $56.15 million or 27.2%
• Net profit before abnormals increased $40.14 million or 27.1% 

We prepared at the outset of the pandemic last year for the likelihood of very difficult trading conditions and a tough economic environment.  

Our response was unequivocal; look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise. We had strength in our balance sheet, good cash flows and our decentralised leadership structure, which allowed our people the freedom to respond and adjust to the pandemic restrictions.

The effectiveness of our approach, with the spirit and support shown by the Mainfreight team and our customers, can be seen in this record financial result.