• Delivered record revenue of $11.2 billion in 2024
• Achieved Underlying Operating Profit Before Tax of $371.2 million
• Maintained record shareholder returns with 74 cents per share dividend

Eagers Automotive Limited (ASX: APE) held its Annual General Meeting on 28 May 2025, where the Chairman and CEO provided updates on the company's 2024 performance and outlook. In 2024, Eagers Automotive delivered record full-year revenue of $11.2 billion, representing significant growth of 13.6% or $1.3 billion over 2023, achieved through organic growth and strategic acquisitions. The company reported an Underlying Operating Profit Before Tax of $371.2 million and a Statutory Profit Before Tax of $335.6 million. As a result of the strong performance, the Board approved a record full-year dividend of 74.0 cents per share, matching the previous year's record. The CEO highlighted that the company's resilient financial performance is a testament to its unique competitive advantages, including unmatched scale, a diversified business portfolio, and a transformed business model. Eagers Automotive remains focused on three key areas: disciplined capital management, optimizing its existing business, and driving balanced, sustainable growth. While the company is not immune to the current economic conditions, including inflation, interest rates, and cost-of-living pressures, it continues to focus on what is within its control to deliver a sustainable business in the long term. The company also announced a new long-term agreement with BYD Australia, further strengthening its retail partnership. Additionally, Eagers Automotive is launching a new charitable initiative called 'Cars for Good', where its easyauto123 stores will donate a pre-owned vehicle to individuals or grassroots charities each month.

Eagers Automotive expects to deliver another year of more than $1.0 billion in revenue growth in 2025, with the second half of the year expected to benefit from improving industry conditions, interest rate relief, and without some of the disruptions experienced in the first half.

The company remains positive about the future, with its unique competitive advantages, disciplined capital management, and focus on optimizing its business and driving sustainable growth positioning it well to take advantage of industry opportunities as they arise.