Freightways stock heads toward October 29 AGM after FY26 growth

Published on 10/04/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freightways stock posted FY26 revenue growth of 13.5 percent to NZD 1.46 billion. The shares were last at NZD 12.30 on October 2, 2026.

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Freightways stock is tied to a 2026 annual meeting on October 29, 2026, while FY26 operating revenue rose 13.5 percent to NZD 1.46 billion. The latest market quote put the shares at NZD 12.30 on October 2, 2026, on the NZX, down 0.32 percent from the previous session.

Annual meeting sets next checkpoint

According to NZX in its meeting notice dated September 23, 2026, Freightways will hold the annual meeting at the Akarana Events Centre in Auckland on October 29, 2026, at 10:00 a.m. NZDT. The meeting will give shareholders a formal checkpoint after the company reported its strongest annual growth figures in several years.

The event also offers a near-term test of management's explanation for the balance between New Zealand softness and Australian expansion. That balance matters because Freightways has made Australia a larger part of its operating base while continuing to invest in its domestic network.

FY26 growth reached double digits

Kapitales Research reported on September 11, 2026, that Freightways' FY26 EBITA increased 14.6 percent to NZD 181.6 million for the 12 months ended June 30, 2026. Net profit after tax advanced 17.3 percent to NZD 94.0 million, and basic earnings per share rose 17.2 percent to NZD 0.524.

The operating margin also edged up to 12.4 percent from 12.3 percent in FY25, while cash generated from operations increased 14.9 percent to NZD 279.4 million. The Express Package and Business Mail division generated NZD 1.24 billion of revenue, up 16.4 percent, making it the main numerical driver of the annual result.

Consensus remains above the market quote

The analyst consensus published by Investing.com assigns Freightways an overall Buy rating based on five analysts: two Buy ratings, three Holds and zero Sells. The average 12-month price target is NZD 15.18, with a high of NZD 16.20 and a low of NZD 13.67.

The forecast spread shows that the consensus is positive but not uniform. Freightways' latest result also carried a counter-factor: management described customer volumes as soft while fuel prices remain elevated, making margin protection and Australian execution important issues for the next update.

Freightways stock stays below its yearly high

Freightways stock was last at NZD 12.30 on the NZX on October 2, 2026, with a trading range of NZD 11.85 to NZD 15.25 over the preceding 52 weeks. Market capitalization stood at NZD 2.2 billion, while volume reached 135,440 shares.