MaxiPARTS Limited (ASX:MXI)

MaxiPARTS Limited, a leading supplier of truck and trailer parts in Australia, reported its HY26 financial results showing a revenue growth of 1.8% to A$139.3 million and a consistent EBITDA margin of 10.0%. The first half of the fiscal year experienced subdued EBITDA margins due to organic growth initiatives, but improvements are expected in the second half. The company increased its interim dividend by 36% to 4.15 cps, reflecting strong financial discipline and a focus on returning value to shareholders. The acquisition of the remaining 20% stake in Forch Australia was completed, and the exclusive distribution agreement with FÖRCH products was extended to 2032. Key growth areas include the expansion of sales teams and product lines, particularly in Western Australia and through the Japanese product segment, which saw a growth of over 15%. The Kalgoorlie greenfield site, launched in July 2025, has already reached profitability and is expected to further contribute to the company’s performance. Cash flow from operating activities was A$7.0 million, reflecting investments in working capital, notably inventory for new customer accounts and seasonal adjustments. The company anticipates higher cash conversion and debt reduction in the second half, supported by strategic initiatives and market recovery.