• Revenue up 12% to $327.98 million
• Profit after tax up 43% to $9.45 million
• Net tangible assets per share increased to 27.2 cents

Motorcycle Holdings Ltd has reported a strong financial performance for the first half of the 2024 financial year. Revenue from ordinary activities increased by 12% to $327.98 million, compared to the previous corresponding period. Profit from ordinary activities after tax attributable to members increased by 43% to $9.45 million, and net profit for the period attributable to members increased by 67% to $10.31 million. The company's underlying earnings before interest, tax, depreciation, and amortisation (Underlying EBITDA) increased by 20% to $26.25 million, and the Underlying EBITDA margin improved to 8.0% from 7.4% in the previous corresponding period. New vehicle retail unit sales increased by 7% to 8,152 units, and used vehicle retail unit sales increased by 10% to 5,533 units. Retail parts and accessories revenue, finance and insurance commission revenue, and servicing and repair revenue all increased, while wholesale vehicle and accessories sales also saw strong growth. The company's finance joint venture delivered $192,000 in net profit after tax, a decrease of 54% from the previous corresponding period. The company declared a fully franked interim dividend of 8 cents per share, payable on 27 March 2025.

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