NZX Governance Explorer

How MOVE Logistics Group Limited makes money

Where MOV’s revenue went in FY2020: 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. MOV company profile

How MOVE Logistics Group Limited makes money — FY2020

Revenue $333.8m · EBITDA $57.3m (17.2% of revenue) · Net profit $2.0m (0.6% of revenue) · Financial year ending June (from the issuer record)

MOVE Logistics Group Limited (MOV) FY2020: where revenue of $333.8m wentRevenue → EBITDA: $57.3mRevenue → Operating costs (net of other income): $276.5mEBITDA → EBIT: $14.6mEBITDA → Depreciation & amortisation: $42.7mEBIT → Net profit: $2.0mEBIT → Interest: $11.7mEBIT → Income tax: $965kRevenue: $333.8mRevenue$333.8mEBITDA: $57.3mEBITDA$57.3mOperating costs (net of other income): $276.5m (derived)Operating costs (net ofother income)$276.5m · derivedEBIT: $14.6m (derived)EBIT$14.6m · derivedDepreciation & amortisation: $42.7mDepreciation &amortisation$42.7mNet profit: $2.0mNet profit$2.0mInterest: $11.9mInterest$11.9mIncome tax: $984kIncome tax$984k

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).

MOVE Logistics Group Limited FY2020 figures used in the chart
FY2020AmountStatusNote
Revenue$333.8mReported
Operating costs (net of other income)−$276.5mDerived *Reported operating expenses $332.6m do not reconcile; not used.
EBITDA$57.3mReported
Depreciation & amortisation−$42.7mReported
EBIT$14.6mDerived *
Interest (net finance costs)−$11.9mReported
Income tax−$984kReported
Other items (net gain)+$288kBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$2.0mReported
  • * ebit: $14.6m = EBITDA − D&A
  • * operating costs: $276.5m = 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 ($333.8m) vs the summary table ($333.8m): agree within 2%.
  • Passed: EBIT not recorded; derived as EBITDA − D&A.
  • Not met: Reported operating expenses ($332.6m) leave $1.2m, not EBITDA of $57.3m (gap -$56.1m); costs derived as revenue minus operating profit instead. No split is shown.
  • Passed: Balancing item $0.3m is 0.1% 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: TIL Logistics Group Full Year Results to 30 June 2020 (PDF, NZX)

EBITDA bridge, FY2019 → FY2020

What moved EBITDA between the two years: the change in revenue, less the change in operating costs (revenue less EBITDA, net of other income; not a reported line). The costs are one net figure; no split by type is held, so none is shown.

MOV EBITDA bridge FY2019 to FY2020FY2019 EBITDA: $25.4m$25.4mFY2019 EBITDARevenue change: −$21.3m−$21.3mRevenue changeCost change (derived): +$53.2m+$53.2mCost change (derived)FY2020 EBITDA: $57.3m$57.3mFY2020 EBITDA
MOV EBITDA bridge FY2019 to FY2020: figures
StepFY2019FY2020Effect on EBITDAStatus
FY2019 EBITDA$25.4m$25.4mAs charted
Revenue$355.1m$333.8m−$21.3mReported
Operating costs (net, derived)$329.7m$276.5m+$53.2mDerived: revenue − EBITDA
FY2020 EBITDA$57.3m$57.3mAs charted

$25.4m −$21.3m +$53.2m = $57.3m, which equals FY2020 EBITDA of $57.3m. EBITDA is the figure stored from each statement; companies that headline an adjusted measure (EBITDAF, underlying EBITDA) can report a different number.

What changed from FY2019 to FY2020

MeasureFY2019FY2020ChangeChange %
Revenue$355.1m$333.8m−$21.3m−6.0%
EBITDA$25.4m$57.3m+$31.9m+125.6%
Net profit$4.0m$2.0m−$2.0m−49.6%
EBITDA margin7.2%17.2%+10.0 pts—
Net margin1.1%0.6%−0.5 pts—

Both years passed the same checks. Margins are shares of revenue; their change is in percentage points. n/m = not meaningful (prior-year figure at or below zero). Each year holds the figures from its own annual report; restated comparatives are not applied.

Margins over time

EBITDA, EBIT and net profit as a share of revenue for each year whose figures passed the checks (4 of 8 years from FY2018). The shaded line is the median of 22 other listed Industrials 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
MOV ebitda margin by financial year, with peer median-10%5%20%FY18FY20FY22FY24FY25FY2018: not charted — no EBITDA/EBIT splitFY2019: MOV 7.2%; peer median 8.9% (7)FY2020: MOV 17.2%; peer median 13.4% (6)FY2021: MOV 17.4%; peer median 11.7% (8)FY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: not charted — not from annual reportFY2025: MOV 14.7%; peer median 16.7% (12)
EBIT margin
MOV ebit margin by financial year, with peer median-10%5%20%FY18FY20FY22FY24FY25FY2018: not charted — no EBITDA/EBIT splitFY2019: MOV 3.3%; peer median 6.4% (9)FY2020: MOV 4.4%; peer median 7.4% (7)FY2021: MOV 4.2%; peer median 6.3% (10)FY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: not charted — not from annual reportFY2025: MOV 0.4%; peer median 7.9% (12)
Net margin
MOV net margin by financial year, with peer median-10%5%20%FY18FY20FY22FY24FY25FY2018: not charted — no EBITDA/EBIT splitFY2019: MOV 1.1%; peer median 4.7% (9)FY2020: MOV 0.6%; peer median 7.5% (7)FY2021: MOV 0.2%; peer median 5.1% (10)FY2022: not charted — no EBITDA/EBIT splitFY2023: not charted — no EBITDA/EBIT splitFY2024: not charted — not from annual reportFY2025: MOV -5.2%; peer median 5.2% (12)

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

MOV margins by year with peer medians
YearEBITDA margin: MOV · peer median (n)EBIT margin: MOV · peer median (n)Net margin: MOV · peer median (n)Note
FY2018—11.2% (8)—7.2% (8)—6.4% (8)Not charted: no EBITDA/EBIT split
FY20197.2%8.9% (7)3.3%6.4% (9)1.1%4.7% (9)
FY202017.2%13.4% (6)4.4%7.4% (7)0.6%7.5% (7)
FY202117.4%11.7% (8)4.2%6.3% (10)0.2%5.1% (10)
FY2022—14.0% (8)—8.4% (10)—6.5% (10)Not charted: no EBITDA/EBIT split
FY2023—15.6% (12)—7.8% (13)—5.8% (13)Not charted: no EBITDA/EBIT split
FY2024—14.5% (10)—5.9% (11)—2.8% (11)Not charted: not from annual report
FY202514.7%16.7% (12)0.4%7.9% (12)-5.2%5.2% (12)

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.

  • FY2024: Figures were not read from a filed annual report (source: not recorded).
  • FY2023: Neither EBITDA nor EBIT is recorded, so operating profit cannot be placed.
  • FY2022: EBITDA is recorded but neither EBIT nor depreciation is, so the step from operating profit to net profit cannot be placed.
  • FY2018: EBITDA is recorded but neither EBIT nor depreciation is, so the step from operating profit to net profit cannot be placed.

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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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