MOVE Logistics has reported a net loss after tax of $15.6 million for the year ended June 30, 2025, a 67.6% improvement from the previous year.
The transport and logistics group achieved retained revenue of $286.3m, down 2.6%, in a challenging economic environment.
However, it reported a 61% increase in normalised eanings, with a loss of $10m, up $15.7m from the prior year.
MOVE Logistics also achieved a broad reduction in operating expenses of about $27m.
The company's gross margin percentage reached its highest level in two years at 29.2%, up 4.1 percentage points, and gross margin dollars increased by 13.4%.
MOVE Logistics said it is on track to create value and deliver positive normalised earnings in the 2025 financial year.
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