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How My Food Bag Group Limited makes money — FY2025
Revenue $162.1m · EBITDA $16.1m (9.9% of revenue) · Net profit $6.3m (3.9% of revenue)
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $162.1m | Reported | |
| Operating costs (net of other income) | −$146.0m | Derived * | Reported operating expenses $29.2m do not reconcile; not used. |
| EBITDA | $16.1m | Reported | |
| Depreciation & amortisation | −$6.0m | Reported | |
| EBIT | $10.1m | Derived * | Reported EBIT $8.6m does not reconcile to EBITDA − D&A. |
| Interest (net finance costs) | −$1.6m | Reported | |
| Income tax | −$2.3m | Reported | |
| Other items (net gain) | +$131k | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $6.3m | Reported |
- * ebit: $10.1m = EBITDA − D&A (reported EBIT $8.6m differs; the gap falls into Other items)
- * operating costs: $146.0m = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: My Food Bag Group Limited Annual Report (PDF, NZX)
My Food Bag Group Limited board of directors
5 current directors, 60% independent, average tenure 4.9 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Tony Carter | Chair | Yes | — | — | Audit & Risk Committee (Chair) |
| Mark Powell | Non-Independent Director | No | 2022 | 4.0 yrs | — |
| Jen Bunbury | Independent Director | Yes | 2021 | 5.8 yrs | Audit & Risk Committee (Chair) |
| Sarah Hindle | Independent Director | Yes | 2021 | 5.8 yrs | Audit & Risk Committee (Chair) |
| Cecilia Robinson | Non-Independent Director | No | 2022 | 4.2 yrs | — |
MFB governance score breakdown
My Food Bag Group Limited scores 87/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 22/25
- Shareholder rights
- 20/20
- Executive remuneration
- 6.5/10
MFB dividends
The most recent My Food Bag Group Limited dividend on record is 1.15 cents per share, for FY2026 (final), 100% imputed, ex-dividend 3 Jun 2026, paid 18 Jun 2026.
My Food Bag Group Limited largest shareholders
Top 10 registered holders of MFB as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Long Term Food Group LP | 15.63% |
| 2 | James C Robinson, Cecilia C L Robinson and Heimsath Alexander Trustee Limited | 7.79% |
| 3 | FNZ Custodians Limited | 6.92% |
| 4 | New Zealand Depository Nominee | 5.82% |
| 5 | Accident Compensation Corporation | 4.94% |
| 6 | Peter Duncan Garvan | 4.14% |
| 7 | Custodial Services Limited | 3.40% |
| 8 | New Zealand Permanent Trustees Limited | 3.30% |
| 9 | Forsyth Barr Custodians Limited | 3.06% |
| 10 | Theresa Elizabeth Gattung and Philippa Mary Greenwood | 2.79% |
Recent MFB NZX announcements
The 10 most recent filings by My Food Bag Group Limited to the NZX.
- Results of 2026 Annual MeetingAGM
- Annual Meeting PresentationAGM
- Chair SuccessionDirector Departure
- Notice of MeetingAGM
- Ongoing Disclosure Notice - Mark WinterInsider Disclosure
- Ongoing Disclosure Notice - Louise NewsomeInsider Disclosure
- Issue of Performance RightsCapital Change
- Ongoing Disclosure Notice - Louise NewsomeInsider Disclosure
- Issue of Ordinary SharesCapital Change
- Ongoing Disclosure Notice - Mark WinterInsider Disclosure
My Food Bag Group Limited (MFB) — frequently asked questions
What does My Food Bag Group Limited do?
My Food Bag Group operates New Zealand's leading meal kit subscription service delivering recipe ingredients and meal solutions to households across New Zealand under the My Food Bag, Bargain Box, Fresh Start, and MADE ready-meals brands, combining weekly subscription meal kits with growing ready-made meal offerings. The company delivers weekly boxes containing portioned ingredients and recipes enabling customers to prepare home-cooked meals without shopping or meal planning, plus expanding into ready-made chilled meals through the MADE brand. My Food Bag operates a subscription-based business model combining meal kit fulfillment operations, supply chain and procurement, recipe development, marketing, and customer retention, generating recurring revenue from weekly subscription deliveries while navigating customer acquisition costs, subscription retention rates, and competition in evolving food delivery markets. My Food Bag Group Limited is listed on the NZX under the ticker MFB, in the Financials sector.
What is the My Food Bag Group Limited (MFB) share price?
My Food Bag Group Limited (NZX:MFB) shares closed at $0.30 on 21 October 2026, unchanged on the previous close. At that price its market capitalisation was about $78 million, based on 254,535,260 shares on issue.
Who are the directors of My Food Bag Group Limited?
My Food Bag Group Limited has 5 current directors: Tony Carter (Chair), Mark Powell (Non-Independent Director), Jen Bunbury (Independent Director), Sarah Hindle (Independent Director) and Cecilia Robinson (Non-Independent Director). 3 of the 5 are recorded as independent (60%).
Who is the chair of My Food Bag Group Limited?
Tony Carter chairs the My Food Bag Group Limited board.
Who is the CEO of My Food Bag Group Limited?
Mark Winter is the Chief Executive Officer of My Food Bag Group Limited.
What was My Food Bag Group Limited's most recent dividend?
The most recent My Food Bag Group Limited dividend on record is 1.15 cents per share for FY2026 (final), 100% imputed, ex-dividend 3 June 2026, paid 18 June 2026.
What is My Food Bag Group Limited's dividend yield?
My Food Bag Group Limited's trailing 12-month dividend yield is 6.23%, as at 21 October 2026. That is 1.90 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 21 October 2026 closing price of $0.30. Special dividends are excluded.
Who are the largest shareholders of My Food Bag Group Limited?
The largest registered holder of MFB shares in the FY2025 top-20 register was Long Term Food Group LP, with 15.63%, followed by James C Robinson, Cecilia C L Robinson and Heimsath Alexander Trustee Limited (7.79%) and FNZ Custodians Limited (6.92%). Custodians and nominees on the register hold shares on behalf of other investors.
What is My Food Bag Group Limited's governance score?
My Food Bag Group Limited has an NZXplorer Governance Risk Score of 87/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last My Food Bag Group Limited annual meeting?
The most recent My Food Bag Group Limited annual meeting on record was held on 19 August 2026.
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