• Revenue up 10.9% to $1,519 million
• Normalised PBT up 74.9% to $35.3 million
• Interim dividend up 42.9% to 5 cents per share

Autosports Group Ltd (ASG) has reported a strong H1 FY26 financial result, with revenue increasing 10.9% to $1,519 million, comprising $44 million in like-for-like growth and $105 million from acquisitions and greenfield expansion. Gross profit growth outpaced revenue growth, with gross margins improving to 19.1%. Operating expenses were tightly controlled, with growth driven by variable expenses tied to gross margin generation. Normalised PBT increased 74.9% to $35.3 million, and EPS grew 107.4%. The company also announced an interim dividend of 5 cents per share, fully franked, up 42.9% on the prior corresponding period. ASG's growth momentum continues, with further 'on strategy' accretive acquisition opportunities expected in H2 FY26. The company's brand portfolio remains well positioned in terms of NVES and consumer preferences, and FY27 will see further growth with the launch of the new Mercedes-Benz Southport business.

ASG expects H2 FY26 revenue growth to be boosted by the impact of its 3 key H1 FY26 dealership acquisitions: Porsche Centre Canberra, Mercedes-Benz Canberra, and the Barry Bourke dealerships. Used vehicle, vehicle servicing, parts and collision repair sales are expected to remain resilient and grow on trend.

The luxury new vehicle market is forecast to grow through CY26, and Autosports Group anticipates further 'on strategy' accretive acquisition opportunities. FY27 will see further growth with the launch of the new Mercedes-Benz Southport business.