• Revenue increased 13.6% to a record $11.19 billion
• Statutory NPBT of $335.6 million, down from $427.3 million in prior year
• Maintained record final dividend of 50 cps fully franked

Eagers Automotive Limited has reported its preliminary final results for the year ended 31 December 2024. The company achieved Statutory NPBT of $335.6 million, compared to $427.3 million in the prior corresponding period. The FY24 Statutory NPBT included significant items of $35.6 million, primarily relating to the impairment of Goodwill and leased assets attributable to the New Zealand business of $21.2 million, and business acquisition and integration costs of $9.4 million. Statutory Net Profit After Tax for FY24 was $222.9 million, compared to $299.1 million in FY23. Statutory and Underlying Revenue increased by 13.6% to a record $11,193.7 million, with incremental contributions from recent acquisitions in Victoria, Northern Territory and Queensland, combined with growth in the Retail Joint Venture and maturing greenfield operations. On a like-for-like basis, Statutory and Underlying Revenue increased by 6.1% to $10,281.0 million. Underlying Operating NPBT/Sales ratio decreased to 3.3% in FY24 (FY23: 4.4%), driven by higher finance costs related to current interest rate and inventory cycles, in addition to recent acquisitions yet to be integrated. The company's national, independent pre-owned business delivered a record profit result in FY24. The value of the property portfolio increased to $885.4 million as at 31 December 2024, up from $597.9 million at 31 December 2023. Eagers Automotive is in a strong financial position, with $773.9 million of available liquidity at 31 December 2024.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics or guidance.