Autosports Group (ASG) investor relations material

Executive summary

• Delivered strong H1 FY2026 results with revenue up 10.9% to AUD 1.519 billion and NPAT up 107.6% to AUD 21.7 million, driven by organic and acquisition growth, especially in luxury brands.

• Interim fully franked dividend increased 42.9% to AUD 0.05 per share.

• Significant expansion through acquisitions in Canberra and Victoria, and property purchases in Queensland and ACT, funded by existing debt facilities.

• Growth underpinned by disciplined strategy, luxury segment dominance, and successful integration of recent acquisitions.

Financial highlights

• Gross margin improved to 19.1%, with gross profit growth of 15.6% outpacing revenue growth.

• Normalised PBT was AUD 35.3 million, up 74.9% year-over-year; EPS increased 107.4% to 10.7 cents.

• All revenue streams grew: new vehicles +9%, used vehicles +11%, service +12%, parts +16%.

• Operating expenses grew 12.6%, mainly variable and tied to gross margin generation.

• Operating cash flow was AUD 22.4 million, with a cash conversion rate of 67%.

Outlook and guidance

• Positive outlook for H2 FY2026, with revenue to benefit from recent acquisitions and continued strength in service, parts, and used cars.

• Luxury new vehicle market forecasted to grow through CY26; further growth anticipated in FY27 with new dealership launches.

• Guidance for 10%+ EPS growth from M&A and greenfield expansion reaffirmed.

• Directors expect continued positive operating cash flows and compliance with financial covenants, supported by undrawn finance facilities and cash reserves.