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Supply Network Limited (ASX:SNL)

ALERT: Price-sensitive ASX Announcement for SNL
Current share price for SNL : $35.320 0.91 (2.64%)+
Announcement
Release
23 Feb 2026 1:25PM
Price at Release
$34.410
Full Release
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Summary
Supply Network Limited (SNL) provided an update on its performance for the first half of FY2026, highlighting significant growth and strategic developments. The company reported a 16.9% increase in group sales revenue to $200.1 million and an 18% rise in profit after tax to $22.9 million compared to the prior corresponding period. Basic earnings per share grew by 13.5% to 52.4 cents, and dividends per share increased by 12.5% to 36.0 cents. The update includes strategic expansions with new branches set to open in Auckland and upgrades in existing locations in Brisbane and Toowoomba. The company is on track to achieve its $50 million revenue growth target for FY2026. The network development projects and IT initiatives are proceeding as planned, aiming to enhance future operating capabilities. Additionally, SNL's trading arm, Multispares, is increasing its market share in the aftermarket parts sector, aligning with broader market trends.
Key Points
  • Group sales revenue increased by 16.9% to $200.1 million.
  • Profit after tax rose by 18% to $22.9 million.
  • Earnings per share grew by 13.5% to 52.4 cents.
  • Dividends per share increased by 12.5% to 36.0 cents.
  • Expansion projects include a new branch in Auckland and upgrades in Brisbane and Toowoomba.
  • On track to meet $50 million revenue growth target for FY2026.
  • Multispares, SNL's trading arm, is increasing its market share in aftermarket parts.
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.