Eagers Automotive reported record first-half results for 2026, with revenue climbing 24% to AUD 8.1 billion. The Australian and New Zealand operations accounted for AUD 7.6 billion of the total, while CanadaOne Auto contributed CAD 1 billion in its first two months under Eagers' ownership.
Underlying profit before tax reached AUD 250.4 million, up from AUD 207.2 million in the prior period, with Australia and New Zealand contributing AUD 207.2 million. The group's underlying EBITDA rose 26% to AUD 364.6 million, yielding a margin of 4.5%, above its long-term average of 4.1%. Statutory profit before tax stood at AUD 243.1 million, reflecting integration and acquisition costs.
Vehicle deliveries across Australia, New Zealand, and Canada exceeded 111,000 units, a 27% increase year-over-year. In Australia alone, new vehicle deliveries rose 16% to more than 14,000 units on a like-for-like basis. The group achieved a record market share of 17.9% in the Australian new car market in June, within a monthly sales record of approximately 140,000 new vehicles.
CanadaOne Auto, acquired on April 30, 2026, contributed CAD 1 billion in revenue and CAD 58.8 million in EBITDA during its first two months. Organic like-for-like turnover increased 7.5% post-acquisition, with average monthly turnover rising to CAD 445 million by late 2025. The group also formed a 49% joint venture with Grand Motors Group, encompassing 11 locations and AUD 490 million in annual turnover.
Eagers refinanced CanadaOne's corporate debt, securing more than AUD 700 million in undrawn capacity. The group's net corporate debt stood at AUD 674.9 million as of June 30, 2026, with total committed core debt facilities totaling AUD 1.9 billion maturing between 2028 and 2044. Undrawn facilities amounted to AUD 735 million.
The group's productivity metrics improved, with sales per team member per annum rising from AUD 900,000 in 2019 to nearly AUD 1.6 million. The underlying cost base before interest and depreciation fell to a record low of 11.6% of revenue, down from 14.2% in 2019. Owned property value increased to over AUD 900 million, while the group exited more than 100 leases since 2019.
