Freightways stock falls 1.30 percent before its October AGM

Published on 10/07/2026 at 02:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Freightways stock traded at NZD 12.14 on October 7, 2026, while FY26 revenue rose 13.5 percent to NZD 1.46 billion. The NZD 15.18 consensus target sits 25.04 percent above the price.

FRW, NZFREE0001S0, Illustration mit AI erstellt.

Freightways Group Limited (ISIN NZFREE0001S0) was trading at NZD 12.14 on the NZX on October 7, 2026 at 12:42 p.m. NZDT, down 1.30 percent from NZD 12.30. The company heads toward its October 29 annual meeting, where shareholders will receive a chief executive trading update and vote on governance matters, according to NZX.

AGM puts governance on the calendar

The 2026 annual meeting is scheduled for October 29, 2026, at the Akarana Events Centre in Auckland and will also offer virtual attendance, the exchange notice states. The agenda includes a chairman review, a chief executive trading update, director re-election and auditor remuneration resolutions, as The Globe and Mail reports.

FY26 growth reaches 13.5 percent

Freightways reported operating revenue of NZD 1.46 billion for the 12 months ended June 30, 2026, up 13.5 percent, while EBITA rose 14.6 percent to NZD 181.6 million, according to Kapitales Research on September 11, 2026. Net profit after tax increased 17.3 percent to NZD 94.0 million, basic earnings per share rose 17.2 percent to NZD 0.524, and the EBITA margin improved to 12.4 percent from 12.3 percent in FY25.

The Express Package and Business Mail division supplied the main operating lift, with revenue up 16.4 percent to NZD 1.24 billion and EBITA up 17.3 percent to NZD 168.1 million. The same report said New Zealand network volumes increased 5.1 percent, including a 3.6 percent contribution from net market-share gains.

Analysts see NZD 15.18 target

The analyst consensus lists Buy across 5 analysts, with 2 Buy ratings and 3 Hold ratings. Its average 12-month target is NZD 15.18, with a high of NZD 16.20 and a low of NZD 13.67, according to Investing.com; the average target lies 25.04 percent above the October 7 price.

A separate analyst update cited by The Globe and Mail placed the latest individual rating at Buy with a NZD 13.87 target. Freightways also declared a FY26 dividend of NZD 0.45 per share, including a NZD 0.24 final payment.

Freightways stock stays below yearly high

At NZD 12.14 on the NZX on October 7, 2026 at 12:42 p.m. NZDT, Freightways stock was 20.39 percent below its 52-week high of NZD 15.25 and remained within a NZD 11.85 to NZD 15.25 range. Its market capitalization was NZD 2.2 billion, giving the AGM date and FY26 growth figures a market value context.