Eagers Automotive (APE) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of $8.1 billion (AUD 8.1 billion), up 24.0% year-over-year, with significant contributions from both ANZ and CanadaOne Auto.

• Underlying operating profit before tax reached $250.4 million, a 26.6% increase, with group return on sales at 3.1%.

• Maintained industry-leading margins and delivered long-term EPS growth, with pro forma EPS up 22%.

• Completed the CanadaOne Auto acquisition, contributing $1.0 billion in revenue and $43.2 million in profit over two months, establishing a platform for North American growth.

• Expanded strategic growth platforms, including easyauto123, new joint ventures, and investments in Grand Motors Group and Karmo.

Financial highlights

• Revenue from continuing operations increased to $8,053.5 million, up 24.0% year-over-year; ANZ $7.0 billion (+8.0%), Canada $1.0 billion.

• Underlying EBITDA reached $364.6 million with a 4.5% margin; statutory profit before tax rose 25.7% to $243.1 million.

• New vehicle deliveries exceeded 111,900 units, up 26.8% year-over-year.

• Available liquidity increased to $2,610.9 million; net corporate debt at $674.9 million.

• Interim fully franked dividend increased to 25.0 cents per share, up 4.2% year-over-year.

Outlook and guidance

• Expect continued margin outperformance, strong CanadaOne contributions, and further scaling of easyauto123 in the second half of 2026.

• Order bank remains robust with over 25,000 units; order rate up 4% in August.

• Focus on operational excellence, disciplined capital allocation, and integration of recent acquisitions.

• Growth strategy not reliant on a single market or initiative; multiple years of earnings growth anticipated.

• Cautious approach to economic and industry fluctuations, especially elevated interest rates.