Autosports Group Limited reported a 12% rise in full-year revenue to AUD 3.186 billion for FY2026, driven by acquisitions and organic growth across its Australian and New Zealand dealership network. Gross profit increased 15% to AUD 590 million, lifting gross margin to 18.5% from 15.5% a year earlier, exceeding Deloitte dealership benchmarks by an average of 22 percentage points over the past two years.
Normalized profit before tax rose 11% to AUD 53.5 million, though statutory net profit after tax fell 18% year-over-year to AUD 53.5 million, reflecting a AUD 5.7 million impairment reversal in FY2025 and a AUD 2.3 million increase in AASB 16 lease interest costs. Operating cash flow totaled AUD 59.2 million, with an 82% cash conversion rate. The board declared a total dividend of AUD 0.08 per share, including a fully franked AUD 0.03 payout for the second half.
Chief Executive Officer Nick Pagent highlighted accelerating electric vehicle (EV) adoption as a key driver, noting a 290% surge in the EV order bank and customer inquiry volumes up 20% to nearly 1.3 million records. He described the group’s platform as "highly scalable" with a dominant luxury brand position, adding that EV models now offer "the cheapest cars on the market" in terms of specifications and pricing.
The group operates 93 sites across Australia and New Zealand, including 17 sites recognized as OEM Dealer of the Year in FY2026. Revenue growth was supported by AUD 204 million from acquisitions, AUD 76 million from prior-year cycling of FY2024 deals, and AUD 22 million from expansion brands, alongside AUD 36 million in organic growth. Like-for-like expenses rose, with employee costs up 6.7% due to headcount additions in new locations.
Capital expenditure guidance for FY2027 ranges between AUD 27 million and AUD 30 million. Autosports Group’s market capitalization stands at USD 344 million, with a beta of 1.16. The stock closed 3.63% higher at AUD 1.57 following the results, though it remains 66.6% below its 52-week high of AUD 4.70.
