ab 29 May 2025 Global Research First Read Mainfreight UBS SnapShot: FY25 Result ONE LINER FY25 results slightly ahead of UBSe and consensus driven by Australia, but outlook commentary mixed partly due to moving tariff impacts. KEY NUMBERS Revenue $5.24bn (+11$5.10bn. Underlying EBITDAR $792m (+6$737m. Underlying NPAT $274m (-1$267m and market consensus $267m. Abnormals of -$69m in FY24. Final DPS 87c vs. UBSe 81c. RESULTS HIGHLIGHTS 1) NZ PTP -10% YoY to $135m ...