• Normalised EBITDA from continuing operations up 17.2% to $25.7 million
• Capital SMART and Wales businesses performed ahead of expectations
• Turnaround program in AMA Collision ongoing with new and extended insurer contracts
• Completed $125 million equity raise and refinanced senior debt facilities

AMA Group Ltd reported improved financial results for the half-year ended 31 December 2024, with normalised EBITDA from continuing operations up 17.2% to $25.7 million. The Capital SMART business performed ahead of expectations, with an extended repair scope resulting in a higher average repair price, and improved site efficiency and utilisation helping to more than offset the transitional support received in the prior period. The Wales business continued to grow and outperform expectations with bottleneck removal projects improving results. The turnaround program in AMA Collision is ongoing, with new contracts from multiple providers and extended programs with a number of insurers, however progress has been slower than expected as lower industry claim volumes impacted performance. The Group reported an operating loss after tax of $3.941 million from continuing operations, an improvement from the loss after tax of $5.883 million in the comparative period. Revenue and other income increased by 4.7% as improved commercial pricing and the repair severity mix more than offset the decrease in repair volumes. During the period, the Group finalised an extension of senior debt facilities for a new maturity date of 31 December 2025 and completed a $125.0 million equity raise, using part of the proceeds to repay $53.771 million of senior bank debt.