• Revenue up 1.8% to $139.3m
• NPAT from continuing ops up 6.3% to $4.6m
• Interim dividend increased 36% to 4.15 cents per share

MaxiParts Ltd has reported a 1.8% increase in revenue to $139.3m for the first half of FY26, with the MaxiParts Operations segment growing 1.2% and the Forch Australia segment growing 8.8% compared to the prior corresponding period. EBITDA for the period was $13.9m at a 10.0% margin, up slightly from $13.8m at 10.0% in the prior period. Net profit before tax from continuing operations was $6.5m, up from $6.4m, while net profit after tax from continuing operations grew 6.3% to $4.6m. The company reported a loss of $0.96m from discontinued operations related to tax adjustments. Cash flow from operating activities was $7.0m, or $9.1m excluding finance costs and taxes, representing a 65% cash conversion rate. The company ended the half-year with net debt of $8.7m and a leverage ratio of 0.3. MaxiParts has declared a fully franked interim dividend of 4.15 cents per share, up 36% from the prior corresponding period.

MaxiParts expects market conditions to remain broadly consistent with FY25 and the first half of FY26, including softer general transport activity across the east coast and sustained competitive pricing pressures. The company is targeting cash conversion of greater than 80% for the full FY26 year.

MaxiParts remains focused on driving sustainable growth through organic initiatives and disciplined management. Key priorities for H2 FY26 include delivering revenue and margin improvement, stronger cash generation, and reducing net debt to enable potentially higher dividends.