• Revenue up 22.5% to $136.9m
• Net profit after tax up 839.1% to $3.7m
• Interim dividend increased to 3.05 cents per share

MaxiParts Ltd has reported a solid half-year result for the period ended 31 December 2024. Revenue increased by 22.5% to $136.9 million, driven by a 21.0% increase in MaxiPARTS Operations revenue and a 48.8% increase in Förch Australia revenues. Net profit before tax from continuing operations was $6.4 million, up $2.1 million or 27.2% from the prior corresponding period. The reportable profit for the period, including discontinued operations, was $3.8 million, an increase of $3.4 million from the prior year. The company generated $8.3 million in operating cash flow and reduced its net debt position to $10.4 million, representing a leverage ratio of 0.4 times. The directors have proposed a fully franked interim dividend of 3.05 cents per share, up from 2.57 cents per share in the prior year. Looking ahead, the company remains focused on revenue and margin improvement initiatives, maintaining balance sheet flexibility, and finalizing integration activities from recent acquisitions.

The company expects EBITDA/EBIT margins to improve into the low double digits in the medium term.

MaxiParts expects the current trends of softer east coast market activity and stronger west coast market to continue through the second half of FY25. The company remains focused on revenue and margin improvement initiatives, balance sheet flexibility, and integration activities.