Eagers Automotive (APE) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with a quorum present, directors and senior management introduced, and procedural matters for hybrid attendance and voting explained.

• Auditors from Deloitte introduced and available for questions on audit matters.

• Chairman and CEO addresses were referenced, with links provided for full texts.

Financial performance review

• Revenue reached a record AUD 13 billion in 2025, up 16.5% with strong like-for-like growth of 12.6%.

• Underlying operating profit before tax was AUD 424.1 million, up from AUD 371.2 million; statutory profit before tax was AUD 393.7 million.

• Record underlying EBITDA of AUD 620.9 million, up AUD 70 million year-on-year.

• Net debt reduced to AUD 100.0 million, with gearing at 0.18x, reflecting an 87.7% improvement.

• Return on sales margin maintained at 3.3%; net margins materially above industry benchmarks.

• Earnings per share and dividends have grown at 8.6% and 8.7% CAGR over the past decade.

Strategic initiatives and plans

• Completed 65% investment in CanadaOne Auto, a leading Canadian dealership group, settled April 2026.

• Formed a strategic alliance with Mitsubishi Corporation, which invested in both the company and easyauto123.

• Acquired Audi Centre Melbourne and Audi Richmond, and made a 49% investment in Grand Motors Group, adding AUD 630 million in annual revenue.

• Entered a non-binding term sheet for a 17.5% stake in Carma, Australia’s largest car subscription platform, and agreements to acquire stakes in Karmo.

• easyauto123 platform continues rapid expansion, with a 40% year-on-year profit increase and a flagship store enlarged to 29,000 sq m.

• Ongoing rollout of solar, hail netting, and decommissioning of underground petroleum tanks as part of environmental initiatives.