My Food Bag posts consistent growth in full year results

Image of food on tabletop. — Its net profit after tax was up 5 per cent, from $6 million to $6.3 million year-on-year. (Source: My Food Bag Instagram )

By Darshana Gupta May 22, 2025

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Meal kit brand My Food Bag has reported full-year revenue of $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 $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.