Freightways Group Limited
FRW.NZ
New Zealand Exchange13.75
NZD
-0.25
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Freightways Group Limited
FRW.NZ
(New Zealand Exchange)
Recent
price
13.75
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Freightways Group Limited (NZX: FRW) provides express package and business mail services, information management solutions, waste renewal, and temperature-controlled logistics primarily in New Zealand and Australia. Founded in 1964 through the establishment of New Zealand Couriers and headquartered at 32 Botha Road, Penrose, Auckland, the company operates through key divisions including Express Package and Business Mail, which encompasses network courier, point-to-point courier, postal services, airfreight via joint venture Parcelair, road linehaul via Parceline, and specialized offerings such as oversize and +25kg carriage under brands like New Zealand Couriers, Post Haste, SUB60, Kiwi Express, Security Express, Allied Express, Kiwi Oversize, Freightways Global, and Pass the Parcel; Information Management and Waste Renewal via TIMG for secure paper-based and electronic data storage, retrieval, destruction, digitization, and 3PL leasing, Shred-X for document, eDestruction, and product destruction, and Med-X for medical waste collection and processing; and Temperature Controlled services through the Big Chill network for transport, 3PL, and delivery alongside ProducePronto for same-day convenience food logistics. The company handles over 100 million physical and digital items annually across industries such as business-to-business and business-to-consumer deliveries, targeting commercial clients, eCommerce, healthcare, and retail sectors with shared infrastructure supported by internal providers like Freightways Information Services for technology, Fieldair for air networks, and Parceline for linehaul. Recent developments include ongoing investments in the 2022 acquisition of Allied Express, Australia's largest independent courier network, with automation sortation systems in New South Wales and Victoria, expanded depot capacity across five states, and new sales initiatives driving revenue growth and efficiency gains; the opening of a 13,000sqm Big Chill facility in Ruakura to enhance temperature-controlled capacity linked to Port of Tauranga and regional services, alongside expansions in ProducePronto for fast-food and cafe deliveries, Wellington, and Christchurch; Kiwi Oversize achieving $10 million annual revenue in under two years with minimal capital; a digital medical records partnership between TIMG and InfoMedix; and the launch of Project Evolve for upgraded billing, payments, automated pricing based on weight, size, and destination, reflecting a three-horizons growth strategy emphasizing market share gains in core, emerging, and innovative niches despite economic headwinds. In FY25 ended June 30, 2025, Freightways reported revenue growth of 6.6%, EBITA up 6.3%, and NPAT up 12.9%, with over a third of revenue from Australia, alongside a final dividend of 21 NZ cents per share for a full-year total of 40 cents, fully imputed. The company maintains a diversified portfolio balancing cyclical express services with recurring revenue from information management and waste renewal, positioning it for organic growth, margin recovery through cost efficiencies, and opportunistic mergers amid improving recruitment and economic outlooks.