• Underlying profit before tax up 76.1% to $12.5m
• Acquisition of Wakeling Automotive to lift revenue by 20%
• Continued growth in used car sales and high-margin service lines

Peter Warren Automotive Holdings Limited (ASX: PWR) has announced its financial results for the six months ended 31 December 2025, delivering underlying profit before tax (PBT) of $12.5 million, up $5.4 million on H1 FY25. The company's revenue grew by 3.2%, primarily driven by stronger growth in used cars, followed by service, parts, finance and insurance. While the new car market remained highly competitive, Peter Warren's strategy delivered a step up in used car sales and growth in high-margin areas. The company also announced the acquisition of Wakeling Automotive, a large multi-franchised dealership group based in Western Sydney, which will lift revenue by 20%. Peter Warren has made several key management appointments, including a new Chief Financial Officer, Chief Operating Officer, and Chief Technology Officer, to drive continued business growth. The company has reduced its new vehicle inventory by $50 million over an 18-month period, lowering its interest expense. Peter Warren expects to benefit from the continued growth of Chinese brands in the Australian automotive market, while also representing the top-selling brands that have been its foundation partners for over 65 years. The company is focused on delivering growth in earnings through its M&A strategy and the execution of its operational initiatives.

Peter Warren expects to deliver growth in earnings, driven by the continued growth of Chinese brands in the Australian automotive market, as well as opportunities in used cars and high-margin service lines.

The new car market in Australia is expected to remain highly competitive, with new brand entrants and dealers competing for market share. Peter Warren is well-positioned to benefit from the growth of Chinese brands, while also continuing to represent its top-selling brand partners. The company will also focus on driving opportunities in used cars and further growing its high-margin service lines in parts, servicing, finance and insurance.