InvestSMART

Autosports Group Limited (ASX:ASG)

ALERT: Price-sensitive ASX Announcement for ASG
Current share price for ASG : $1.510 -0.005 (-0.33%)+
Announcement
Release
20 Aug 2026 8:34AM
Price at Release
$1.515
Full Release
download
Summary
Autosports Group Limited announced its financial results for the fiscal year ending 30 June 2026, reporting a strong performance despite challenging market conditions. The company achieved record revenue of $3.19 billion, an increase of 11.9% from the previous year, and a gross profit of $589.7 million, up 15%. The normalised net profit before tax was $53.5 million. The adoption of new energy vehicles (NEVs), influenced by geopolitical events, led to a 20% increase in new vehicle orders, significantly boosting the company's order bank by 290% since June 2025. Autosports Group also expanded its facilities and adjusted its financial strategies to support growth, including increasing its syndicated facility agreement to $435 million. The positive outlook for FY27 is driven by the anticipated supply of new luxury electric vehicles, sustained growth in service and parts divisions, and strategic acquisitions.
Key Points
  • Record revenue of $3.19 billion, up 11.9%.
  • Record gross profit of $589.7 million, up 15%.
  • Normalised NPBT of $53.5 million, up 11.1%.
  • New vehicle order write up 20%, driven by NEV adoption.
  • Order bank increased by 290% since June 2025.
  • Syndicated facility agreement increased to $435 million.
  • Positive outlook for FY27 with new BEV products.
  • Expansion in Gold Coast and new dealerships in Sydney.
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.