• Revenue up 41% to $77.3m, driven by organic growth and US acquisition
• Adjusted EBITDA increased 47% to $20.5m
• Net profit after tax up 47% to $5.4m

Smart Parking Ltd has reported a transformational year in FY25, with the company executing its organic growth strategy and entering the US market through the $56.9m acquisition of Peak Parking LLC. The acquisition has already delivered immediate earnings per share accretion and provides a significant point of difference against US competitors by enabling the delivery of Smart Parking's proprietary technology. Across the Group, Parking Breach Notices (PBNs) issued increased by 21% to 1,036,423 compared to FY24 due to the increased sites under management in all operating territories (except Queensland). The Group delivered strong financial performance in FY25, with basic earnings per share growing by 37% to 1.45 cents per share, total revenue increasing by 41% to $77.3m, and adjusted EBITDA rising by 47% to $20.5m. Net statutory profit after tax attributable to members was $5.4m, up 47% from $3.7m in FY24. This significant increase in profit reflects strong results in the UK, New Zealand and the USA (4 months post-acquisition), and the recognition of a $1.0m deferred tax asset relating to historical New Zealand tax losses, partly offset by $3.8m investment in establishing newer territories Denmark and Germany. Operating cash returns (excluding cash held on behalf of customers) of $15.6m were up 15% on FY24. The Group maintained a strong cash position, with cash on hand of $12.7m (excluding cash held on behalf of customers) at June 30, 2025, up from $7.2m in 2024. The acquisition of Peak Parking was funded by a successful equity raising for $45.0m through a fully underwritten Placement and Entitlement Offer at $0.88 per share.

The Parking Management division expects growth in revenue and earnings in FY26 due to the full year contribution of the new sites acquired through organic growth in FY25, plus ongoing additional new customer sites, including from the new Swiss and US businesses. The Group is concentrated on the continued roll out of sites and customer wins in the coming years, with a target of growing the installed number of ANPR sites to 3,000 by 31 December 2028.

Smart Parking remains focused on its target of growing the installed number of ANPR sites to 3,000 by 31 December 2028. The Group is well-positioned to take advantage of future opportunities with strong available cash and ongoing cash generation.