MaxiPARTS Limited (MXI) reported an 11.8% year-over-year increase in operating net profit before tax to AUD 14.2 million for the second half of fiscal 2026, alongside a 2.7% rise in revenue to AUD 276.3 million. The company also declared a full-year dividend of AUD 0.0961 per share, up 55% from the prior period, with a final payout of AUD 0.0546 per share set at a 60% payout ratio of net profit after tax.
EBITDA grew 5.5% to AUD 29.0 million, expanding the EBITDA margin by 30 basis points to 10.5%, while earnings per share rose nearly 13% year-over-year. The company attributed the profit growth to operational improvements, including a AUD 9.0 million inventory reduction in H2 through a network optimization program and a AUD 4.6 million improvement in working capital. Net cash at year-end stood at AUD 7.0 million, a AUD 14.2 million improvement from the prior year’s net debt position of AUD 7.2 million, supported by AUD 6.0 million in debt repayments.
MaxiPARTS’ stock price closed at AUD 1.65, up 6.8% on the day and up 31% over the past 12 months, with a market capitalization of AUD 359 million. The company maintained a capital-light model, with capital expenditure totaling AUD 1.0 million for the period. Available borrowing facilities amounted to AUD 11.5 million, with leverage reported at zero.
Executives highlighted growth across all segments, including the recently opened Kalgoorlie store, which turned profitable in its first year and contributed to overall performance. Förch Australia and the Japanese parts program delivered low-double-digit revenue growth at margins exceeding the core MaxiPARTS business. The company plans to open at least one new store in H1 fiscal 2027, with a potential second location later in the year, while continuing to prioritize dividend increases and organic growth investments.
