My Food Bag reports slight revenue increase

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Thu, 20 Nov 2025

My Food Bag has reported a slight increase in revenue for the first half of the 2026 financial year, although net profit dipped slightly to $2.9 million.The Meal Kit company said its gross margin was lower at 48.5%, compared to 49.8% in the same period last year, because of the timing of price adjustments relative to food price inflation, which was 4.1% for the September year.Total revenue for the six months to Sept 30 was $85.4m, up 3% on the previous corresponding period. Earnings before interest, tax, depreciation and amortisation (ebitda) w...

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