Smart Parking (SPZ) H1 2026 earnings summary

Executive summary

• Achieved record H1 FY26 results with revenue up 96% to $62.8m and adjusted EBITDA up 85% to $15.6m, driven by organic growth and the successful Peak Parking (USA) acquisition.

• NPATA rose 163% to AUD 6.5 million, and the business nearly doubled in size over the past 12 months.

• Cash on hand increased to $15.3m, supporting a self-funded organic growth strategy and further expansion.

• Organic growth included 200 new ANPR site additions across multiple countries.

• Net profit after tax for H1 FY26 was $4.3m, up from $3.9m in H1 FY25, reflecting strong growth in the UK, New Zealand, and the USA.

Financial highlights

• Revenue reached $62.8m (up 96% year-over-year), with Peak Parking contributing $13.5m.

• Adjusted EBITDA was $15.6m (up 85%), with a margin of 24.9% (down from 26.3% year-over-year).

• UNPATA reached $6.5m, up 163% year-over-year.

• Free cash flow was $10.4m, up 89% year-over-year.

• Basic EPS (UNPATA) up 121% to 1.56 cents per share.

Outlook and guidance

• Targeting 3,000 ANPR sites under management by December 2028, representing less than 1% of the total addressable market.

• Positive outlook for profitable growth in FY26, with full-year contribution from Peak Parking and margin expansion from technology in North America.

• Expecting profitability in U.S. ANPR segment with 30-50 sites by June, and break-even in Switzerland likely just after FY 2027.

• Strong balance sheet and undrawn debt facilities position the group for further acquisitions and expansion.