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Autosports Group Limited (ASX:ASG)

ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.500 -0.3 (-16.67%)+
Announcement
Release
29 Jun 2026 3:48PM
Price at Release
$1.800
Full Release
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Summary
Autosports Group Limited, Australia's only ASX-listed specialist prestige and luxury automotive retailer, has provided a trading update for fiscal years 2026 and 2027. The company reported a surge in demand for battery electric vehicles (BEVs), which rose from 15% to over 40% of orders. This has driven a 22% increase in order write for the second half of FY26, setting a record. However, this demand has led to a temporary delivery imbalance, with many deliveries pushed into FY27. Despite challenging macro conditions including three interest rate rises, the company maintains resilient gross margins and expects a FY26 normalized net profit before tax between $51 million and $54 million, surpassing FY25's $47.1 million. A positive outlook for FY27 is attributed to improved BEV supply, full-year impact of acquisitions, and new brand introductions. Further details will be announced in August 2026.
Key Points
  • Record BEV demand driving record order write in H2 FY26.
  • Temporary delivery imbalance due to high BEV demand.
  • Challenging macro conditions with interest rate rises affecting costs.
  • Expected FY26 normalized net profit before tax of $51-54 million.
  • Positive outlook for FY27 with improved BEV supply and new growth opportunities.
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.