• Trading conditions have deteriorated significantly
• FY26 underlying PBT expected between $12m to $15m
• Intense pressure on new car trading margins
• Ongoing actions to mitigate external factors
• Focus on strengthening revenue and cost efficiency

Peter Warren Automotive Holdings Ltd (ASX: PWR) has issued a trading update, reporting a significant deterioration in trading conditions over recent weeks, impacting its financial outlook for FY26. The company expects underlying profit before tax (PBT) to be between $12 million and $15 million. This substantial reduction follows a solid first half growth and is primarily due to intense pressure on new car trading margins, influenced by rapid shifts in customer demand, increased competition, and supply chain uncertainties. To navigate these challenges, Peter Warren is optimizing its brand portfolio, expanding its NEV brands, and accelerating growth in service, parts, and used car operations. Cost-management initiatives are also being implemented to mitigate the impact of high inflation.

Peter Warren expects underlying PBT for FY26 to be between $12m and $15m.

Peter Warren is focused on strengthening revenue and cost efficiency, leveraging its existing asset base, and expanding its representation of newly introduced brands.