Motorcycle Holdings (MTO) H2 2026 earnings summary

Executive summary

• Achieved record sales revenue of AUD 788.7 million ($788.7 million) in FY2026, up 21.3% year-over-year, driven by organic and acquisition-led growth.

• Underlying net profit after tax rose 42.6% to AUD 25.7 million ($25.7 million), supported by strong wholesale and retail performance and improved vehicle distribution.

• Integrated Peter Stevens and Harley-Heaven (PSHH) acquisitions, expanding retail footprint to 59 operations across Australia and New Zealand and increasing market share.

• Maintained market leadership with 19.6% share in new vehicles and 50% Harley-Davidson share in H2 FY26, and sold over 12,000 used units.

• E-commerce revenue grew 44% through digital initiatives and new online capabilities.

Financial highlights

• Underlying EBITDA increased 27.9% to AUD 65.1 million ($65.1 million); gross margin improved from 25.1% to 26.8%.

• Statutory net profit after tax was AUD 24.2 million ($24.1 million); underlying EBIT rose 36.8% to AUD 42.4 million.

• Underlying EPS increased to 34.8 cents per share, up from 24.4 cents in FY2025.

• Net cash position of AUD 13 million ($13 million) at year-end, reversing from net debt of AUD 9 million the prior year.

• Fully franked full-year dividend increased 27% to AUD 0.165 (16.5 cents) per share.

Outlook and guidance

• Cautious near-term outlook due to discretionary spending and macroeconomic pressures, but continued growth expected in AU/NZ vehicle distribution and retail.

• Plans to further develop Harley-Davidson retail, expand MCAS, and launch new brands such as GOES.

• Ongoing investment in business transformation, technology, people, and property network optimization.

• Focus on omnichannel customer experience and eCommerce expansion, with new stores and digital targets.