• Revenue up 22.6% to $136.9m
• EBITDA up 28.6% to $13.7m
• Interim dividend of 3.05 cents per share declared

MaxiParts Ltd (ASX: MXI) has announced its financial results for the half-year ended 31 December 2024. The company reported revenue of $136.9 million, up 22.6% compared to the prior corresponding period. EBITDA increased by 28.6% to $13.7 million, with the EBITDA margin improving by 40 basis points to 10.0%. Earnings per share from continued operations grew 35.3% to 7.62 cents per share. The company also generated strong operating cash flow of $12.0 million, with a cash conversion rate of 88%. MaxiParts declared a fully franked interim dividend of 3.05 cents per share. The company highlighted solid progress on its key focus areas, including revenue and margin improvement, balance sheet flexibility, system integrations, and growth in the Forch Australia segment. The Forch Australia business delivered 16% like-for-like revenue growth and improved EBITDA margins. Looking ahead, MaxiParts expects the softer trading conditions on the East Coast of Australia to continue through the second half of FY25, while the West Coast remains strong. The company remains focused on revenue and margin improvement initiatives, maintaining balance sheet flexibility, finalizing integration activities from recent acquisitions, and driving growth in the Forch Australia segment.

MaxiParts expects to grow EBITDA margins into the low double digits in the medium term through revenue and margin improvement initiatives from recent acquisitions and organic programs.

MaxiParts remains focused on revenue and margin improvement, maintaining balance sheet flexibility, finalizing integration activities from recent acquisitions, and driving growth in the Forch Australia segment. The company expects the softer trading conditions on the East Coast of Australia to continue through the second half of FY25, while the West Coast remains strong.