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Smart Parking Limited (ASX:SPZ)

ALERT: Price-sensitive ASX Announcement for SPZ
Current share price for SPZ : $0.680 -0.715 (-51.25%)+
Announcement
Release
17 Feb 2026 8:10AM
Price at Release
$1.395
Full Release
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Summary
Smart Parking Limited reported record results for H1 FY26, with revenue up 96% year-on-year to AUD 62.6 million, driven by the expansion of ANPR sites and successful integration of Peak Parking in the USA. The company achieved an adjusted EBITDA increase of 85% and a 163% rise in UNPATA. Key growth strategies include site optimization, territorial expansion including significant growth in the UK, NZ, Denmark, Germany, and the USA, and leveraging AI technology to enhance compliance and revenue. The company remains debt-free with a strong cash position of AUD 15.3 million, funding its self-paced growth strategy.
Key Points
  • Revenue increased by 96% to AUD 62.6 million
  • Adjusted EBITDA rose by 85%
  • Acquisition of Peak Parking contributed significantly to growth
  • 163% increase in UNPATA
  • Expansion across UK, NZ, Denmark, Germany, and USA
  • Strategic focus on leveraging AI technology
  • Strong cash position of AUD 15.3 million
  • Debt-free status as of July 2025
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.