MotorCycle Holdings reported a 42.5% increase in underlying net profit after tax to $25.7 million for the fiscal year ended June 30, 2026, as revenue climbed 21.3% to $788.7 million.
The company attributed the growth to its acquisition of Peter Stevens and Harley-Heaven, which contributed 16.3% of revenue, alongside organic expansion of 5.1%. Gross profit rose 29.7% to $211.2 million, lifting gross margin by 170 basis points to 26.8%, while underlying EBITDA increased 27.6% to $65.1 million.
Revenue from new vehicles totaled $430.3 million, with wholesale gross profit up 41.1% year-over-year. Used vehicle revenue reached $155.4 million, supported by a 15.4% rise in unit sales to 12,192. Parts and accessories revenue grew 18.4% to $162.9 million, contributing $67.5 million in gross profit.
The company expanded its footprint to 59 locations across Australia and New Zealand, with new vehicle unit sales increasing 20.7% to 18,875. Market share in Australia’s new motorcycle and off-highway vehicle segment rose to 19.6%, up from 16.6% in FY2025. Harley-Davidson dealerships maintained a 50% market share in the second half of the year.
Balance sheet strength improved, with net debt shifting to a $13.0 million cash position from a $9.0 million net debt position in FY2025. Total assets increased to $465.0 million, while borrowings were reduced by $10 million. Dividends rose 27% to 16.5 cents per share, fully franked.
Underlying earnings per share climbed 42.5% to 34.8 cents, and revenue per employee grew 6% to $769,000 annually. Wholesale units rose 15% to 20,127, with gross margin in the segment expanding from 25% to 29%.
