Autosports Group Posts 11% Revenue Growth, Net Profit Jumps 108% and Dividend +43%
Autosports Group posted an 11% revenue rise to $1.519 billion in H1 FY26, drove normalized profit before tax up 75% to $35.3 million and statutory net profit soared 107.6% to $21.7 million. The company raised the interim dividend by 43% to $0.05 per share and expanded to 87 outlets.
1. Financial Highlights
Autosports Group delivered revenues of $1.519 billion, up 11% year-over-year, with gross margins improving to 19.1%. Normalized profit before tax increased 75% to $35.3 million, while statutory net profit after tax more than doubled, rising 107.6% to $21.7 million, and EPS grew 107.4%.
2. Dividend and Cash Flow
The interim dividend was raised 43% to $0.05 per share, fully franked. Operating cash flow reached $22.4 million, reflecting a 67% cash conversion rate, though working capital movements impacted cash by $55.6 million; corporate debt stands at $298 million.
3. Expansion and Acquisitions
Outlet count expanded to 87 vehicle and motorcycle locations, including 75 in the core premium segment. Strategic acquisitions introduced Porsche, Mercedes-Benz, Audi, Land Rover, Volvo, Polestar and Geely franchises, bolstering luxury revenue streams.
4. Risks and Outlook
Interest expenses rose by $345,000 on a like-for-like basis, with potential further pressure from rising rates. A seasonal shift to higher new vehicle sales may slightly reduce gross margins in H2, while heightened competition and tax changes could challenge luxury market affordability.