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Smart Parking Limited (ASX:SPZ)

ALERT: Price-sensitive ASX Announcement for SPZ
Current share price for SPZ : $0.780 -0.615 (-44.09%)+
Announcement
Release
17 Feb 2026 8:10AM
Price at Release
$1.395
Full Release
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Summary
Smart Parking Limited's interim report for the half-year ended 31 December 2025 highlights a revenue increase to $62.6 million and a decrease in net profit to $2.4 million compared to the previous year. The acquisition of Peak Parking LLC in the USA significantly boosted its ANPR sites, leading to an EBITDA increase in the Parking Management division. The company is focused on strategic expansion, notably in Switzerland, and integration activities in the USA. Despite the decrease in net profit, the company saw a 62% rise in net operating cash inflows. Smart Parking is targeting strategic growth with plans to expand its ANPR site portfolio to 3,000 by 2028, maintaining a robust balance sheet and capitalizing on undrawn debt facilities. No dividends were declared for the period.
Key Points
  • Smart Parking Limited reported revenue of $62.6 million for the half-year ended 31 December 2025.
  • The company's profit after tax for this period was $2.4 million, a decrease from $4.4 million in the prior year.
  • The acquisition of Peak Parking LLC in the USA resulted in a significant increase in ANPR (Automatic Number Plate Recognition) sites and contributed to a 79% increase in EBITDA for the Parking Management division.
  • The company's strategic investments include expansion into Switzerland and the integration of Peak Parking in the USA.
  • No dividends were recommended or declared during the interim period.
  • Smart Parking Limited underwent rapid expansion, managing 1,852 ANPR sites as of 31 December 2025.
  • Net operating cash inflows were $10.9 million, a 62% increase from the previous period.
  • The company maintains a strong balance sheet with undrawn debt facilities and plans to grow its ANPR sites to 3,000 by the end of 2028.
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.