• Revenue up 2.2% to $1,229.4m
• Underlying EBITDA down 28.3% to $51.1m
• Statutory profit after tax down 83.2% to $3.6m

Peter Warren Automotive Holdings Limited has reported its financial results for the half-year ended 31 December 2024 (H1 FY25). Revenue was up 2.2% to $1,229.4 million, reflecting growth from acquisitions, though on a like-for-like basis revenue was down 4.3%. Customer demand for new vehicles was down on the prior period. In other service lines, the company successfully grew like-for-like revenue across used cars (+7.5%), service (+10.2%) and parts (+4.3%). Gross margin percentage declined 1.5 percentage points to 16.1%, reflecting a reduction in new car margins. Underlying EBITDA was down 28.3% to $51.1 million, and statutory profit after tax attributable to owners declined 83.2% to $3.6 million. The company cited acquisition-related expenses, Mercedes-Benz legal fees, and restructuring costs as factors impacting profitability. The directors declared a fully franked interim dividend of 1.6 cents per share, down significantly from the prior year's 8.5 cents per share.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.