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MaxiPARTS Limited (ASX:MXI)

ALERT: Price-sensitive ASX Announcement for MXI
Current share price for MXI : $2.000 0.16 (8.70%)+
Announcement
Release
23 Oct 2026 9:03AM
Price at Release
$1.840
Full Release
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Summary
MaxiPARTS Limited’s trading update for the three months ended 30 September 2026 (Q1 FY27) reported unaudited revenue of $72.8 million, up 2.6% on the prior corresponding period, and operating net profit before tax of $4.2 million, up 26.5%, with performance supported despite macroeconomic uncertainty by the maturing Kalgoorlie, Western Australia store, continued double-digit growth in the higher-margin Japanese parts program and Förch Australia business, ongoing supply chain optimisation, cost control and pricing discipline, and lower interest costs from disciplined debt management and working capital improvements. The company said FY27 earnings should also benefit from eight months of contribution from the recent Air Brake Systems acquisition, with additional profit synergies expected in FY28 and FY29, and it reiterated expectations for further growth and financial improvement in FY27 together with increased capital returns and continued exploration of organic and inorganic growth opportunities.
Key Points
  • Q1 FY27 revenue was $72.8 million, up 2.6% versus the prior corresponding period.
  • Q1 FY27 operating net profit before tax was $4.2 million, up 26.5% versus the prior corresponding period.
  • Performance was supported by the maturing Kalgoorlie store in Western Australia.
  • The higher-margin Japanese parts program delivered continued double-digit growth.
  • Förch Australia delivered continued double-digit growth.
  • Supply chain optimisation, cost control and pricing discipline supported earnings.
  • Lower interest costs reflected disciplined debt management and working capital improvements.
  • FY27 earnings are expected to benefit from eight months of contribution from the Air Brake Systems acquisition.
  • Additional profit synergies from Air Brake Systems are expected in FY28 and FY29.
  • MaxiPARTS reiterated expectations for further growth, financial improvement, increased capital returns and continued organic and inorganic growth exploration in FY27.
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.