Motorcycle Holdings Ltd reported a record underlying net profit after tax of AUD 25.7 million for the fiscal year ended June 30, 2026, a 42.6% increase from AUD 18.0 million in FY 2025. Revenue rose 21.3% to AUD 788.7 million, supported by acquisitions and organic growth across retail, wholesale and e-commerce segments.
Underlying earnings before interest, tax, depreciation and amortization (EBITDA) increased 27.9% to AUD 65.1 million, while underlying EBIT climbed 36.8% to AUD 42.4 million. Gross profit grew 29.7% to AUD 211.2 million, lifting gross margin to 26.8% from 25.1%. The group’s net cash position improved to AUD 13 million, up from a net debt position of AUD 9 million at the end of FY 2025, after repaying AUD 10 million in bank loans.
Unit sales reached a record 18,875 new vehicles, a 20.7% increase year-over-year, with revenue from new sales rising 21.5% to AUD 430.3 million. Used vehicle sales totaled 12,192 units, up 15.4%, while wholesale shipments increased 15% to 20,127 units across Australia and New Zealand. E-commerce revenue surged 44%, contributing to a 23.2% increase in retail revenue.
Market share in Australia’s new motorcycle and off-road vehicle segment rose to 19.6%, up from 16.6% in the prior period, as the group expanded its footprint to 59 retail and wholesale operations. Harley-Davidson dealerships now total 12 following acquisitions, with the brand holding a 50% market share in the second half of the year. CFMOTO maintained its lead in the off-road segment with a 42%-43% market share in Australia.
The board declared a fully franked final dividend of AUD 0.07 per share, bringing the full-year payout to AUD 0.165 per share, a 27% increase. Underlying earnings per share rose to AUD 0.348 from AUD 0.244. Total assets stood at AUD 465 million, with net assets at AUD 215.4 million.
Adjustments to underlying results totaled AUD 2.2 million before tax, including AUD 1.4 million in acquisition-related costs and AUD 650,000 for payroll remediation. The group recognized a AUD 5 million provision for vehicle registration duty, with AUD 4.85 million booked as of July 1, 2024, partially offset by a deferred tax asset of AUD 1.45 million.
Shares in Motorcycle Holdings rose 7.5% to AUD 3.01, extending gains from the previous close of AUD 2.80 and placing the stock about 50% above its 52-week low of AUD 2.01.
