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Held by NZ managed funds
Sub-substantial fund positions — invisible in NZX SSH data, visible here. Sourced from each fund's Quarterly Fund Update on the FMA Disclose register.
| Fund | % of fund NAV |
|---|---|
| Harbour — Australasian Equity Focus | 8.11% |
| Harbour — Australasian Equity | 7.96% |
| Fisher Funds — New Zealand Growth | 7.84% |
| Harbour — Australasian Equity Income | 6.58% |
| Mint — New Zealand Sri Equity | 6.09% |
+ 8 more funds hold MFT. Full breakdown and coverage
How Mainfreight Limited makes money — FY2026
Revenue $5.4b · EBITDA $759.8m (14.1% of revenue) · Net profit $251.0m (4.7% 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).
| FY2026 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $5.4b | Reported | |
| Operating costs (net of other income) | −$4.6b | Derived * | Reported operating expenses $1,596.2m do not reconcile; not used. |
| EBITDA | $759.8m | Reported | |
| Depreciation & amortisation | −$350.5m | Reported | |
| EBIT | $409.3m | Reported | |
| Interest (net finance costs) | −$58.4m | Reported | |
| Income tax | −$99.9m | Reported | |
| Other items (net gain) | +$0 | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $251.0m | Reported |
- * operating costs: $4.6b = 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 5 September 2026.
Annual report: Mainfreight Annual Report for the year ended 31 March 2026 (PDF, NZX)
Mainfreight Limited board of directors
7 current directors, 71% independent, average tenure 18.2 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Bruce G Plested | Chair | No | 1978 | 48.8 yrs | Remuneration Committee (Chair) |
| Hayley Buckley | Independent Director | Yes | 2024 | 2.2 yrs | — |
| Don Braid | Executive Director | No | 2000 | 26.8 yrs | Audit Committee (by invitation) |
| Simon Cotter | Independent Director | Yes | 2013 | 13.8 yrs | Audit Committee (Chair), Remuneration Committee |
| Annie Steel | Independent Director | Yes | 2024 | 2.2 yrs | — |
| Kate Parsons | Independent Director | Yes | 2017 | 9.8 yrs | Audit Committee |
| Bryan Mogridge | Independent Director | Yes | 2003 | 23.8 yrs | Audit Committee, Remuneration Committee |
MFT governance score breakdown
Mainfreight Limited scores 83/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 21/25
- Shareholder rights
- 20/20
- Executive remuneration
- 4.5/10
MFT dividends
The most recent Mainfreight Limited dividend on record is 87.00 cents per share, for FY2026 (final), 100% imputed, ex-dividend 8 Jul 2026, paid 17 Jul 2026.
Mainfreight Limited largest shareholders
Top 2 registered holders of MFT as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | B Plested and Rarawharo Trustees Limited as trustees of Rorohara No.2 Trust | 14.82% |
| 2 | FirstCape Group Limited | 5.96% |
MFT government contracts
Mainfreight Limited has been named as an awarded supplier on 2 New Zealand government contracts published on GETS, most recently on 10 Jan 2023. 1 of them discloses an award value, totalling $350.0K.
Most frequent of 2 agencies: Department of Corrections, Ministry of Education - School Infrastructure.
| Awarded | Agency | Contract | Value |
|---|---|---|---|
| 10 Jan 2023 | Department of Corrections | Supply of Freight Services | $350.0K |
| 3 May 2021 | Ministry of Education - School Infrastructure | Request for Proposal - Improving Classrooms in Small and Remote Schools Programme: Freight and Logistics | not disclosed |
Full government procurement analysis on PublicData · All NZX companies with government contracts
Source: MBIE GETS Open Data. An award of $0 or blank is treated as undisclosed.
Recent MFT NZX announcements
The 10 most recent filings by Mainfreight Limited to the NZX.
- Eshuis John Officer Disclosure 26 August 2026Insider/Shareholder Notice
- Mainfreight Shareholder Register ReleaseRegulatory
- Braid Jason Officer Disclosure 5 August 2026Insider/Shareholder Notice
- Mainfreight Limited Annual Meeting Results 2026AGM
- Mainfreight Annual Shareholders Meeting 2026AGM
- Mainfreight Limited - Team Newsletter July 2026General
- 2026 Notice of Annual Meeting of ShareholdersAGM
- Mainfreight Annual Report for the year ended 31 March 2026Annual Report
- Mainfreight Sustainability and Climate Report 2026ESG
- Fitts Officer Disclosure June 2026Insider/Shareholder Notice
Mainfreight Limited (MFT) — frequently asked questions
What does Mainfreight Limited do?
Mainfreight Limited is a global supply chain logistics provider headquartered in Auckland, New Zealand. Founded in 1978 with a single truck, the company has grown into an international freight and logistics network operating across New Zealand, Australia, Asia, Europe, and the Americas. Mainfreight provides managed warehousing, domestic and international freight forwarding, and supply chain solutions through three core divisions: Transport (road freight), Warehousing (3PL logistics), and Air & Ocean (international forwarding). Known for its distinctive culture emphasising family values, long-term thinking, and decentralised decision-making, Mainfreight operates over 300 branches globally with approximately 11,000 team members. The company is listed on the NZX and ASX, with the founding Plested family maintaining significant ownership and involvement in governance. Mainfreight Limited is listed on the NZX under the ticker MFT, in the Industrials sector.
What is the Mainfreight Limited (MFT) share price?
Mainfreight Limited (NZX:MFT) shares closed at $65.50 on 22 October 2026, down 2.96% on the previous close. At that price its market capitalisation was about $6.60 billion, based on 100,698,548 shares on issue.
Who are the directors of Mainfreight Limited?
Mainfreight Limited has 7 current directors: Bruce G Plested (Chair), Hayley Buckley (Independent Director), Don Braid (Executive Director), Simon Cotter (Independent Director), Annie Steel (Independent Director), Kate Parsons (Independent Director) and Bryan Mogridge (Independent Director). 5 of the 7 are recorded as independent (71%). Average board tenure is 18.2 years.
Who is the chair of Mainfreight Limited?
Bruce G Plested chairs the Mainfreight Limited board, and has been a director since 1978.
Who is the CEO of Mainfreight Limited?
Don Braid is the Group Managing Director of Mainfreight Limited.
What was Mainfreight Limited's most recent dividend?
The most recent Mainfreight Limited dividend on record is 87.00 cents per share for FY2026 (final), 100% imputed, ex-dividend 8 July 2026, paid 17 July 2026.
What is Mainfreight Limited's dividend yield?
Mainfreight Limited's trailing 12-month dividend yield is 2.63%, as at 22 October 2026. That is 172.00 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 22 October 2026 closing price of $65.50. Special dividends are excluded.
Who are the largest shareholders of Mainfreight Limited?
The largest registered holder of MFT shares in the FY2025 top-20 register was B Plested and Rarawharo Trustees Limited as trustees of Rorohara No.2 Trust, with 14.82%, followed by FirstCape Group Limited (5.96%).
What is Mainfreight Limited's governance score?
Mainfreight Limited has an NZXplorer Governance Risk Score of 83/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Mainfreight Limited annual meeting?
The most recent Mainfreight Limited annual meeting on record was held on 30 July 2026.
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