2 Cheap Cars Group (2CC) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 September 2025 was $39.75 million, down from $41.98 million year-over-year.

• Net profit for the period was $1.01 million, a decrease from $1.67 million in the prior year period.

• Total comprehensive income was $0.88 million, reflecting a negative foreign currency translation adjustment.

Financial highlights

• Gross profit declined as cost of sales was $31.91 million versus $32.95 million year-over-year.

• Basic and diluted earnings per share were $0.02, down from $0.04 in the prior year.

• Operating cash flow before changes in working capital was $1.92 million, up from $0.82 million year-over-year.

• Cash and cash equivalents at period end were $4.58 million, up from $2.54 million a year earlier.

Outlook and guidance

• The loan book continues to be wound down, with no new lending since July 2022.

• Directors confirm the group remains a going concern.