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Autosports Group Limited (ASX:ASG)

ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.650 -1.82 (-52.45%)+
Announcement
Release
19 Feb 2026 8:34AM
Price at Release
$3.470
Full Release
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Summary
Autosports Group Limited announced strong financial results for the first half of FY26, with a revenue increase of 10.9% to $1.519 billion and a significant rise in net profit after tax. The company reported strategic growth through acquisitions and new site launches, contributing to increased vehicle orders and service revenues. The company remains well-positioned for further growth in its various sectors and plans to enhance revenues through existing facilities while pursuing additional strategic acquisitions.
Key Points
  • Autosports Group Limited reported H1 FY26 revenue of $1.519 billion, up 10.9% from the previous comparable period.
  • The company's net profit after tax (NPAT) for H1 FY26 was $21.7 million, a 107.6% increase from the previous year.
  • A fully franked interim dividend of 5 cents per share was declared, reflecting a 42.9% increase.
  • Significant strategic acquisitions included Stillwell Motor Group, Porsche Centre Canberra, and Mercedes-Benz Canberra.
  • The group launched Volvo Cars and Geely greenfield sites and acquired 10 dealerships under Barry Bourke Motors.
  • January 2026 saw a 13% increase in new vehicle orders and an 11% rise in service and parts revenue.
  • Autosports Group anticipates consistent growth in used vehicle, servicing, parts, and collision repair sectors.
  • The company aims to leverage existing facilities for higher revenues and pursue strategic acquisition opportunities.
  • Autosports Group remains the only ASX-listed specialist in prestige and luxury automotive retail in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.