Autosports Group (ASG) H2 2025 earnings summary

Executive summary

• Revenue increased 8.2% to AUD 2.865 billion for FY25, with strong luxury segment performance and improved market conditions in H2.

• Normalised net profit before tax reached AUD 47.1 million, with H2 FY25 up 33% over H1.

• Board approved a fully franked final dividend of AUD 0.045 per share, totaling AUD 0.08 for the year.

• Major acquisitions included Stilwell Motor Group and agreements to acquire Porsche Centre Canberra and Mercedes-Benz Canberra, expanding the brand portfolio and geographic reach.

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

Financial highlights

• Revenue up 8.2% year-over-year to AUD 2.865 billion.

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

• Normalised 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 4.5 cents per share, 8 cents 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 FY26 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.