My Food Bag posts consistent growth in full year results

Darshana Gupta

27th May 2025

Meal kit brand My Food Bag has reported full-year revenue of NZ$162.1 million, in line with last year. 

The company saw a slight increase in its EBITDA, rising from $16 million to $16.1 million. 

Its net profit after tax was up 5 per cent, from $6 million to $6.3 million year-on-year.

The company reduced its net debt by $4.9 million to $6.9 million, with a free cash flow of $7.6 million. 

My Food Bag achieved revenue of NZ$79.9 million in the second half of the year, representing a 5 per cent increase year on year.

“The expansion of the My Food Bag Shop presents a significant opportunity to reach non-subscription customers seeking more flexible meal solutions,” said My Food Bag chair Tony Carter.

“Over the past two years, we have taken deliberate steps to right-size the business and enhance the customer experience, moves that have laid a solid foundation for growth,” he said.