Appendix 4D and H1 FY26 Interim Report

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Stock Peter Warren Automotive Holdings Ltd (PWR.ASX)
Release Time 20 Feb 2026, 8:23 a.m.
Price Sensitive Yes
 Peter Warren Automotive Reports H1 FY26 Results
Key Points
  • Revenue up 3.2% to $1.27 billion
  • Profit after tax up 106.3% to $7.4 million
  • Interim dividend of 3.0 cents per share declared
Full Summary

Peter Warren Automotive Holdings Limited reported a strong financial performance in the first half of FY26. Revenue was up 3.2% to $1.27 billion, driven by stronger growth in used cars, service, parts, finance and insurance. The company continued to see a highly competitive market for new cars, with several new brands entering the market. Peter Warren is well positioned with a wide range of attractive brands operating across all segments of the Australian automotive sector. The company's gross margins were consistent at 16.2%, and it achieved steady new car margins in a competitive market while improving its revenue mix by focusing on high margin service lines. Operating expenses were up 2.4%, which included increases in award-based labour costs of 3.5%. The company made selected investments in staffing and advertising to support its revenue growth, while also making cost savings in other areas such as inventory and other dealership supplies. New vehicle inventory reduced to $332.3 million as a direct result of the company's disciplined inventory management program. On 19 December 2025, the Group announced the planned acquisition of a large multi-franchised dealership group based in the Macarthur region, NSW with further operations in Wollongong, Shellharbour and Moss Vale. The acquisition consideration will be funded by existing debt facilities. The company declared a fully franked interim dividend of 3.0 cents per share, to be paid on 26 March 2026.

Guidance

The company reported an underlying profit before tax (PBT) of $12.5 million for the half-year ended 31 December 2025, up 76.1% from the prior corresponding period.

Outlook

Peter Warren is well positioned with a wide range of attractive brands operating across all segments of the Australian automotive sector. The company has carefully selected brands to add to its existing sites, leveraging its fixed costs and incurring limited capex and zero goodwill. The company is well-positioned for future market share growth, particularly in the growing Chinese vehicle segment.