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2 Cheap Cars Group (2CC) investor relations material
2 Cheap Cars Group H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit after tax (NPAT) for FY26 was $3.2 million, reflecting resilience despite challenging market conditions and increased regulatory costs.
Second-half trading momentum drove profitability, with improved vehicle margins and record finance and insurance (F&I) penetration rates.
FY26 results aligned with prior guidance, exceeding $3.0 million NPAT.
Financial highlights
Revenue and income were $81.7 million, down 0.3% year-over-year.
Gross margin declined 2% to $17.4 million, impacted by carbon credit costs.
EBITDA including finance income rose 1% to $8.1 million.
Vehicle sales totaled 7,239 units, down from 7,675 in FY25.
Underlying EPS was 7 cps, unchanged from FY25; total gross dividend for FY26 was 6.14 cps.
Outlook and guidance
Early FY27 performance is encouraging, supporting confidence in continued positive momentum.
Consumer demand expected to remain influenced by geopolitical events, inflation, and regulatory settings.
Strong brand positioning and operational discipline expected to help navigate ongoing market volatility.
- Revenue and profit surged in FY24, with major Auckland expansion and margin gains.2CC
ASM Presentation 202414 May 2026 - Revenue and profit fell sharply in FY25, with a strategic pivot to digital and cost control underway.2CC
H2 202514 May 2026 - Revenue and profit fell as the loan book winds down and impairments remain high.2CC
H1 202623 Nov 2025 - Revenue and profit fell, but digital and local sourcing strategies target renewed growth.2CC
AGM 202526 Sep 2025 - Profit declined on margin pressure despite higher sales; interim dividend declared.2CC
H1 202513 Jun 2025
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