• Revenue up 96% to $62.6m, Adjusted EBITDA up 85% to $15.6m
• USA acquisition exceeding expectations, delivering >30% EPS accretion
• Organic growth strategy underway with 200 new ANPR sites added

Smart Parking Ltd has reported record H1 FY26 results, with revenue up 96% to $62.6m and Adjusted EBITDA up 85% to $15.6m. The company's USA acquisition, Peak Parking, is exceeding expectations, delivering over 30% EPS accretion and triggering the full earn-out. The organic growth strategy is underway, with 200 new ANPR sites added across the UK, New Zealand, Denmark, Germany and the USA. UK revenue was up 64% and Adjusted EBITDA was up 46%, with UK sites increasing 17% to 1,397. The company's Adjusted free cash flow of $10.4m was up 89%, fuelling a self-funded organic growth strategy. The company is focused on accelerated growth across all territories, with key enterprise contract wins as the sales team gains traction. The company has reaffirmed its long-term organic site target of 3,000 sites under management by December 2028, with a positive outlook for profitable growth in FY26 driven by the full-year contribution from Peak Parking and margin expansion from technology implementation in the North American market.

The company expects full-year contribution in FY26 from the Peak Parking (USA) acquisition, as well as margin expansion from technology implementation in the North American market as the ANPR rollout continues.

The company has a positive outlook for profitable growth in FY26, driven by the full-year contribution from the Peak Parking (USA) acquisition and margin expansion from technology implementation in the North American market. The company is focused on accelerated growth across all territories, with key enterprise contract wins as the sales team gains traction, and has reaffirmed its long-term organic site target of 3,000 sites under management by December 2028.