2025 Annual General Meeting Addresses
| Stock | Autosports Group Ltd (ASG.ASX) |
|---|---|
| Release Time | 21 Nov 2025, 8:59 a.m. |
| Price Sensitive | Yes |
Autosports Group Announces Acquisition of Barry Bourke Motors Dealerships
- Acquisition of 10 dealerships from Barry Bourke Motors in Melbourne
- Includes Jaguar Land Rover, Audi, Volvo Cars, Geely dealerships
- Acquisition expected to be immediately EPS accretive
Autosports Group Limited (ASX: ASG), Australia's only ASX-listed specialist prestige and luxury automotive retailer, has announced the acquisition of 10 dealerships from Barry Bourke Motors in Melbourne. The acquired dealerships include Jaguar Land Rover in Doncaster and Berwick, Audi in Berwick, Volvo Cars in Berwick, and Geely in Berwick. The acquisition is well-priced at approximately $34 million, made up of $29 million in goodwill and $5 million in fixed assets, and will be funded with a combination of $14 million in Autosports Group scrip and the balance by existing debt facilities. The acquisition is expected to be immediately EPS accretive for Autosports Group shareholders, with margins in the business expected to develop through H2 FY26 and contribute at Autosport Group margin levels in FY27 and beyond. This acquisition aligns with Autosports Group's strategy to represent the world's great prestige and luxury brands from the best locations and further strengthens its presence in the Melbourne market.
For H1 FY26, Autosports Group expects to deliver a normalised NPBT in the range of $35-36 million, which represents an improvement of between 73-78% on H1 FY25.
Autosports Group remains well positioned to deliver further EPS accretive acquisition led growth in the balance of FY26 and into FY27, driven by solid growth in its service and parts business, the full year cycling of the FY25 acquisition of the Stillwell Motor Group, and greenfield growth with Polestar, ZEEKR and Geely.