MotorCycle Holdings Ltd reported a 42.5% year-over-year increase in underlying net profit after tax to $25.7 million for the fiscal year ended June 30, 2026, driven by revenue growth and margin expansion.
Total revenue rose 21.3% to $788.7 million, with organic growth of 5.1% and contributions from the Peter Stevens and Harley-Heaven acquisitions adding 16.3%. Gross profit climbed 29.7% to $211.2 million, lifting gross margins by 170 basis points to 26.8%. Underlying EBITDA increased 27.6% to $65.1 million, reflecting an 8.3% margin versus 7.8% in the prior year.
The company’s balance sheet strengthened, shifting from a net debt position of $9.0 million in FY2025 to a net cash position of $13.0 million in FY2026. Borrowings were reduced by $10 million, while total assets rose to $465.0 million and net assets reached $215.4 million.
Unit sales rose across segments, with new vehicle deliveries up 20.7% to 18,875 and used vehicle sales increasing 15.4% to 12,192. Wholesale volumes climbed 15% to 20,127 units, with wholesale gross profit margins expanding from 25% to 29%. The group’s 12 Harley-Davidson dealerships captured a 50% market share in the second half of the year.
Divisional performance showed new vehicles generating $430.3 million in revenue and $74.0 million in gross profit, used vehicles contributing $155.4 million in revenue and $22.7 million in gross profit, and parts and accessories delivering $162.9 million in revenue with $67.5 million in gross profit. Revenue per employee rose 6% to $769,000 annually, while gross margin per employee increased 13.2% to $206,000.
The company’s market share in Australia’s new motorcycle and off-highway vehicle market grew to 19.6% from 16.6% a year earlier and 12.0% in FY2022. Operating locations expanded by four to 59 across Australia and New Zealand.
A 27% increase in dividends to 16.5 cents per share, fully franked, was declared, alongside a rise in underlying earnings per share from 24.4 cents to 34.8 cents. The group’s share price advanced 7.14% to $3.00 following the results announcement.
Adjustments included $1.4 million in acquisition-related costs, $150,000 for stamp duty underpayments, and $650,000 for payroll remediation. Provisions for modern awards underpayments totaled $2.95 million, while vehicle registration duty underpayments were provisioned at $5.0 million, including $1.5 million in interest.
