Team Global Express has reported on its results for financial year 2025.
The multi-modal logistics network reported a solid performance against increasing inflationary and market challenges.
Statutory earnings before interest, tax, depreciation and amortisation (EBITDA) was $104 million – an increase of $99.7 million year-on-year (YOY).
This was partially underpinned by the reduction of separation costs from Team Global Express’ divestment from Toll Group.
“The completion of our divestment from the Toll Group enables us to increase our focus and investment in our operational performance and customer interface,” said Team Global Express CEO, Nick Stratford.
“While revenue was in line with the previous year, our diversified service offering and signing of new strategic partnerships locally and internationally have enabled us to maintain market share.
“Our liquidity position, combined with improved earnings and earnings retention, provides Team Global Express with the cash required to accelerate investment into our systems, people, and processes.”
Team Global Express maintained its market position to deliver total revenue of $2.9 billion.
The completion of transaction and separation arrangements in the previous reporting period resulted in a significant reduction in total comprehensive losses to $115.6 million.
This was an improvement of $74 million YOY.
As of 31 March 2025, Team Global Express has established a robust financial base with a total $93.4 million of available liquidity.
This consisted of cash and cash equivalents of $43.5 million and undrawn available debt facilities of $49.9 million.
Further to the reporting period, Team Global Express has also successfully restructured its Tasmanian operations.
Team Global Express established Strait Link Logistics as a separate entity focused on moving freight via the Strait Link Shipping business between the ports of Melbourne and Burnie.
Team Global Express and Strait Link Shipping, a subsidiary of Strait Link Australia Holdings (SLAH), have commenced a process for the logistics operation to be sold to the SLAH Group.
A Share Purchase Agreement is expected to be finalised this calendar year.
The restructure has reportedly generated immediate value, with Team Global Express receiving a $25 million deposit from the SLAH Group in June 2025 as part of the anticipated transaction proceeds.
“Our restructuring of the Team Global Express Tasmania operations demonstrates the Group’s ability to identify and extract market value for our shareholders, while optimising our operational footprint,” said Team Global Express Group Executive Chairman, Christine Holgate.
“This strategic divestment allows Team Global Express to focus on its core multi-modal network and maximise its capital allocation across the business.”
Team Global Express remains confident and optimistic for the financial year ahead while also acknowledging ongoing market headwinds.
“We remain committed to reinvesting into Team Global Express and capitalising on growing cross-border, ecommerce, and strategic partnership opportunities, specifically throughout Asia,” Holgate said.
“The business expects to deliver significant earnings growth in the year ahead, driven by sustainable improvements in ecommerce, underlying cost disciplines, and the optimising of our core business to meet changing marketplace demand.
“We have the financial flexibility to accelerate operational advances across the Group and continue to improve service to our customers.”
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