FY25 Full Year Results Announcement

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Stock Maxiparts Ltd (MXI.ASX)
Release Time 21 Aug 2025, 4:18 p.m.
Price Sensitive Yes
 FY25 Full Year Results Announcement
Key Points
  • Revenue up 9.5% to $267.1m
  • EBITDA up 18.4% to $27.3m
  • NPAT from Continuing Ops up 57% to $8.8m
  • Completed 20% acquisition of Forch Australia, extended distribution rights to 2032
Full Summary

MaxiPARTS Limited (ASX: MXI) today announced its financial results for the full year ended 30 June 2025. Revenue was $267.1m, up 9.5% versus the prior corresponding period (pcp). EBITDA increased 18.4% to $27.3m, with the EBITDA margin improving 70 bps to 10.2%. NPAT from continued operations was $8.8m, up 57% versus pcp. The company declared a final fully franked dividend of 3.12 cents per share. Operating cash flow was $23.0m, with a cash conversion rate of 84%. Key highlights include the completion of the acquisition of the 20% minority shareholding in Forch Australia in July 2025 and the extension of the exclusive Australian distribution agreement for Forch products through to 2032. The company also extended its debt facilities out to September 2028 with a lower fee structure. Looking ahead, MaxiParts expects the end customer market to remain consistent with FY25 trends, including soft general transport activity across the east coast, increased competitive pricing pressures, and pockets of buoyancy in certain geographical locations and customer end markets. The company remains focused on organic programs to deliver continued EBITDA margin improvement, Forch Australia revenue growth, and expansion of the Japanese product range.

Guidance

The company expects to deliver continued EBITDA margin improvement into the low double digits in the medium term, driven by organic programs including Forch Australia revenue growth and expansion of the Japanese product range.

Outlook

MaxiParts remains focused on organic programs to deliver continued EBITDA margin improvement, Forch Australia revenue growth through sales force expansion and key customer focus, and continued growth in the Japanese product range across the MaxiParts network. The company also plans to open a new MaxiParts store in Kalgoorlie in July 2025, leveraging existing customer relationships in the region.