Autosports Group (ASG) H1 2026 earnings summary

Executive summary

• Revenue for H1 FY26 reached AUD 1.519 billion, up 10.9% year-over-year, with NPAT rising 107.6% to AUD 21.7 million and normalized PBT up 75% to AUD 35.3 million.

• Growth was driven by disciplined strategy, organic expansion, luxury segment dominance, and strategic acquisitions, including new luxury brands and greenfield sites.

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

• Operations span new and used vehicle sales, finance, insurance, aftermarket, servicing, and collision repair across 81 dealerships.

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

Financial highlights

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

• Normalised EBITDA reached AUD 70.6 million, up 26.6% year-over-year; EPS increased 107.4% to 10.7 cents.

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

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

• Net profit after tax attributable to owners was AUD 21.68 million, up from AUD 10.41 million year-over-year.

Outlook and guidance

• Positive outlook for H2 FY26, with revenue to benefit from recent acquisitions and continued growth in service, parts, and used vehicles.

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

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

• Additional accretive acquisition and greenfield opportunities targeted.

• Mercedes-Benz Southport development on track for FY27 earnings contribution.