Autosports Group (ASG) H2 2025 earnings summary

Executive summary

• Revenue increased 8.2% to AUD 2.86 billion for FY 2025, with net profit after tax of AUD 32.9 million, exceeding expectations and driven by acquisitions and organic growth.

• Strong second half performance, with normalized net profit before tax up 33% over the first half, reflecting improved market conditions.

• Board approved a fully franked final dividend of AUD 0.045, bringing the full year dividend to AUD 0.08 per share.

• Major acquisitions included Stilwell Motor Group and Porsche Canberra, expanding brand portfolio and geographic reach.

• Six new greenfield sites launched with Polestar and Zeekr, plus further expansion with Volvo and Geely.

Financial highlights

• Revenue up 8.2% year-over-year to AUD 2.86 billion.

• Net profit after tax of AUD 32.9 million, impacted by AUD 3.6 million in acquisition/restructuring costs and a AUD 5.7 million reversal of property impairment.

• Normalized EBITDA of AUD 118.4 million (pre-AASB 16), and net profit before tax of AUD 47.1 million.

• Operating cash flow of AUD 116 million, with a cash conversion ratio of 115%.

• Fully franked final dividend of 4.5c per share, 8c for the full year.

Outlook and guidance

• New vehicle market expected to improve further if interest rates continue to fall.

• Used car, service, parts, and collision repair businesses expected to grow at trend rates.

• Revenue growth in FY 2026 to be driven by full-year impact of recent acquisitions and new greenfield sites.

• July 2025 revenue up 13.5% and new vehicle order rate up 20.2% year-over-year.

• Further growth expected from new greenfield sites and ongoing acquisition pipeline.