Evans and Partners SMID Conference

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Stock Smart Parking Ltd (SPZ.ASX)
Release Time 29 Oct 2025, 9:43 a.m.
Price Sensitive Yes
 Smart Parking Ltd reports record FY25 results
Key Points
  • Strong growth in revenues and margin expansion over the last 5 years
  • Robust technologies and management capability to deliver long-term sustainable growth
  • Disciplined acquisition track record complements strong organic growth
Full Summary

Smart Parking Ltd (ASX:SPZ) has reported strong growth in revenues and margin expansion over the last 5 years, with the company's share price up 816% over the same period. The company has a robust multi-year growth strategy in large addressable markets, underpinned by its proprietary technology and management capability. Smart Parking has a disciplined acquisition track record that complements its strong organic growth, having successfully launched parking management businesses in multiple new territories including New Zealand, Germany, Denmark, Switzerland, and the USA. The company's Q1 FY26 trading update shows ongoing growth across all markets, with revenue up 69%, ANPR site growth to 1,799, and adjusted EBITDA up 56%. Smart Parking is targeting 3,000 organic ANPR sites under management by December 2028, and continues to focus on expansion into new territories while maintaining a disciplined M&A strategy and strong balance sheet.

Guidance

For the financial year 2025, Smart Parking reported revenue of $77.2m, EBITDA margin of 26.6%, and EPS of 1.45cps.

Outlook

Smart Parking is targeting 3,000 organic ANPR sites under management by December 2028, and continues to focus on expansion into new territories while maintaining a disciplined M&A strategy and strong balance sheet.