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MaxiPARTS Limited (ASX:MXI)

ALERT: Price-sensitive ASX Announcement for MXI
Current share price for MXI : $1.410 -0.19 (-11.88%)+
Announcement
Release
22 May 2026 8:20AM
Price at Release
$1.600
Full Release
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Summary
MaxiPARTS Limited announced a trading update highlighting the impact of global issues, particularly the conflict in the Middle East, on their operations. Despite a strong start to the year, activity levels decreased in March and continued to be low through April and May, causing uncertainty in the transport sector and increasing costs. The company has taken proactive measures such as cost reductions and working capital management to maintain profit margins. Expectations for the FY26 full-year results are to remain in line with previous guidance with revenue between $273 million and $278 million and operating NPBT between $13.4 million and $14.1 million. The Forch Australia segment has shown resilience with continued growth, while MaxiPARTS Operations have been more affected. Overall, the company anticipates maintaining profit levels similar to the previous year.
Key Points
  • Trading update released on 22nd May 2026.
  • Global issues, including Middle East conflict, impacting activity levels.
  • Significant cost increases in the transport sector.
  • Measures implemented for cost reduction and working capital management.
  • FY26 full-year results expected to align with previous guidance.
  • Revenue forecast between $273 million and $278 million.
  • Operating NPBT expected between $13.4 million and $14.1 million.
  • Forch Australia business showing resilience and growth.
  • MaxiPARTS Operations affected by reduced activity.
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.