In this study, an absorbent composite of carbon-fibre-reinforced Mn–Zn ferrite foam concrete was fabricated. The influence of carbon fibre (CF) concentration on the mechanical and electromagnetic wave (EMW) absorption characteristics of Mn–Zn ferrite foam concrete within the 0.2–5GHz were investigated. Key performance indicators, such as compressive and flexural strengths, electromagnetic parameters, reflection loss, and absorption bandwidth were thoroughly analysed. The pore size and distribution were examined by X-ray computed tomography (CT) to reveal the EMW absorption mechanism. The findings indicate that CF effectively mitigates agglomeration in Mn–Zn ferrites, enhancing dielectric and magnetic losses synergistically, which improves not only the mechanical properties but also the EMW absorption capacity of Mn–Zn ferrite foam concrete. The optimal wave absorption performance was observed at a CF content of 0.3 wt%, yielding an impressive absorption bandwidth of 1.46 GHz and a minimum reflection loss (RLmin) of −28.75 dB. A noteworthy observation was the inverse correlation between the CF doping level and resistivity. The attenuation constant peaked at 108.13. When the CF content reached 1.2 wt %, the composite attained its percolation threshold, manifesting a resistivity of 145.4 Ω·m.