NZX Governance Explorer

How My Food Bag Group Limited makes money

Where MFB’s revenue went in FY2021: operating costs, depreciation, interest and tax, and what was left as net profit. Built from the income statement in the filed annual report, and drawn only when the figures reconcile with each other. MFB company profile

How My Food Bag Group Limited makes money — FY2021

Revenue $190.7m · EBITDA $29.0m (15.2% of revenue) · Net profit $2.4m (1.3% of revenue) · Financial year ending March (from the issuer record)

My Food Bag Group Limited (MFB) FY2021: where revenue of $190.7m wentRevenue → EBITDA: $29.0mRevenue → Operating costs (net of other income): $161.7mEBITDA → EBIT: $24.2mEBITDA → Depreciation & amortisation: $4.8mEBIT → Net profit: $2.4mEBIT → Interest: $1.8mEBIT → Income tax: $6.5mEBIT → Other items (net cost): $13.5mRevenue: $190.7mRevenue$190.7mEBITDA: $29.0mEBITDA$29.0mOperating costs (net of other income): $161.7m (derived)Operating costs (net ofother income)$161.7m · derivedEBIT: $24.2mEBIT$24.2mDepreciation & amortisation: $4.8mDepreciation &amortisation$4.8mNet profit: $2.4mNet profit$2.4mInterest: $1.8mInterest$1.8mIncome tax: $6.5mIncome tax$6.5mOther items (net cost): $13.5m (balancing item)Other items (net cost)$13.5m · balancing

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).

My Food Bag Group Limited FY2021 figures used in the chart
FY2021AmountStatusNote
Revenue$190.7mReported
Operating costs (net of other income)−$161.7mDerived *
EBITDA$29.0mReported
Depreciation & amortisation−$4.8mReported
EBIT$24.2mReported
Interest (net finance costs)−$1.8mReported
Income tax−$6.5mReported
Other items (net cost)−$13.5mBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$2.4mReported
  • * operating costs: $161.7m = Revenue − EBITDA
Checks run on these figures (6)
  • Passed: Revenue is within the scale of a column stored in thousands.
  • Passed: Revenue in the income statement ($190.7m) vs the summary table ($190.7m): agree within 2%.
  • Passed: EBITDA − D&A = $24.2m vs reported EBIT $24.2m: reconciles.
  • Not met: Operating expenses not recorded; costs derived as revenue minus operating profit.
  • Passed: Balancing item -$13.5m is 7.1% of revenue (limit 25%).
  • Not met: No operating segments recorded for this year.

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: DownloadOpens in new window (PDF, NZX)

Year-on-year EBITDA bridge (FY2020 → FY2021)

Bridge not available: FY2020 is not charted: Figures were not read from a filed annual report (source: not recorded).

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (5 of 7 years from FY2020). The shaded line is the median of 5 other listed Financials operating companies, using each one’s same financial year where it passed the checks; the number of companies in each median is in the table. Gaps are years that were not charted.

EBITDA margin
MFB ebitda margin by financial year, with peer median0%15%30%FY20FY22FY24FY26FY2020: not charted — not from annual reportFY2021: MFB 15.2%; peer median — (1)FY2022: MFB 17.5%; peer median 16.9% (4)FY2023: MFB 10.3%; peer median 19.9% (4)FY2024: MFB 9.9%; peer median 18.7% (3)FY2025: MFB 9.9%; peer median 21.5% (4)FY2026: not charted — no EBITDA/EBIT split
EBIT margin
MFB ebit margin by financial year, with peer median0%15%30%FY20FY22FY24FY26FY2020: not charted — not from annual reportFY2021: MFB 12.7%; peer median — (1)FY2022: MFB 14.9%; peer median 10.9% (4)FY2023: MFB 7.1%; peer median 14.0% (4)FY2024: MFB 5.3%; peer median 11.2% (3)FY2025: MFB 6.2%; peer median 14.8% (4)FY2026: not charted — no EBITDA/EBIT split
Net margin
MFB net margin by financial year, with peer median0%15%30%FY20FY22FY24FY26FY2020: not charted — not from annual reportFY2021: MFB 1.3%; peer median — (1)FY2022: MFB 10.3%; peer median 11.6% (4)FY2023: MFB 4.5%; peer median 11.2% (4)FY2024: MFB 3.7%; peer median 18.8% (3)FY2025: MFB 3.9%; peer median 9.9% (4)FY2026: not charted — no EBITDA/EBIT split

MFB   peer median   below the axis: year not charted (reason in the table). All panels share one scale.

MFB margins by year with peer medians
YearEBITDA margin: MFB · peer median (n)EBIT margin: MFB · peer median (n)Net margin: MFB · peer median (n)Note
FY2020—— (1)—— (1)—— (1)Not charted: not from annual report
FY202115.2%— (1)12.7%— (1)1.3%— (1)
FY202217.5%16.9% (4)14.9%10.9% (4)10.3%11.6% (4)
FY202310.3%19.9% (4)7.1%14.0% (4)4.5%11.2% (4)
FY20249.9%18.7% (3)5.3%11.2% (3)3.7%18.8% (3)
FY20259.9%21.5% (4)6.2%14.8% (4)3.9%9.9% (4)
FY2026—— (1)—— (1)—— (1)Not charted: no EBITDA/EBIT split

Peer medians use only peer-years that passed the same checks; a median of fewer than two companies is not shown. Years are grouped by financial-year label, and year-end months differ between companies.

Not yet available: where the cash goes (operating cash flow to capex, dividends and debt) and underlying versus reported earnings. The figures they need are not yet validated.

Years not charted

These years are on file but their figures did not pass the checks, so no chart is drawn for them.

  • FY2026: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2020: Figures were not read from a filed annual report (source: not recorded).

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Data sourced from NZX company annual reports (income statements). Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.

For informational purposes only. Not investment advice.

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