The 26-year-old Dunedin teacher was one of 500 home cooks who auditioned for the show last year, and made it to the last three of the competition last week.
While the judges liked his pea and scallop soup, they felt his steak was too simple and his chicken pot pie was not sufficiently refined.
"Overall, there wasn't too much to get excited about," MasterChef judge Ray McVinnie said.
Mr Todd said filming of the show finished several months ago and he had had time to get used to the result.
"But even at the time of filming, I wasn't upset about it. I went into the competition with open expectations... and the show served me well. I had an amazing experience."
Now that the show was over for him, Mr Todd said he plans to establish a catering and events business, with a view to later opening a restaurant.
He will watch this Sunday's final with friends, family and supporters at the Southern Rugby Football Club.