Ofload confirms ongoing profitability, steps up investment in AI
Seven years of investing in its carrier network and technology now underpin a consistently profitable business.
SYDNEY, 5 November 2026: Ofload, an Australian-based digital freight partner, has confirmed its ongoing EBITDA profitability.
The company, founded in 2019, has been consistently EBITDA positive in recent months and expects that to continue. It is forecasting double-digit EBITDA by the end of 2027.
"Building the network and the technology first is what has made us consistently profitable," said Geoffroy Henry, Founder and CEO of Ofload. "Now we can accelerate. We're putting more into AI and automation, because that's what will power our next phase of growth."
Ofload rolled out AI across the business this year, and AI agents now write around 70 per cent of its day-to-day engineering code.
"AI is the flex point the freight industry needs," said Nicole Dixon, Chief Product and Technology Officer at Ofload. "It lets us take huge volumes of data and turn them into real insight on waste. Removing waste at scale is a data problem, and AI is how we solve it."
Since its founding, Ofload has invested ahead of profit to build scale in its nationwide carrier network and the technology behind it. Much of its recent growth has come from national brands in sectors such as FMCG and retail moving more of their freight with Ofload.
Ofload's last funding round was in June 2024, a $31 million raise led by Yarra Capital Management that took its total funding to more than $100 million. Since then it has acquired Queensland freight brokerage National Transport Solutions and become consistently EBITDA profitable.
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About Ofload
Ofload is an Australian-based digital freight partner helping businesses build efficient, flexible supply chains, with a nationwide carrier network handling all types of freight. Ofload connects brands such as Asahi, AB Foods, Kimberly-Clark, Allied Pinnacle and Noumi with carriers to fill empty capacity on journeys that would otherwise run part-empty, which cuts CO2 emissions.
The company supports Australia’s small business carriers, connecting reliable small and medium transport operators from the “long tail” of the nation’s AUD$76B road freight industry with Australia’s largest shippers.