2 Cheap Cars Group (2CC) H2 2026 earnings summary

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.