• Revenue growth of 2.7% to $1.02b, driven by volume and geographical diversification
• Underlying EBITA of $195.1m, in line with guidance, supported by LPE and Amotiv Unified
• Statutory NPAT increased to $75.1m, with strong cash conversion and lower leverage
• FY27 outlook: modest growth expected, with offshore revenue and pricing benefits

AOV.ASX announced its FY26 results, showing a 2.7% revenue increase to $1.02 billion, driven by volume growth, 4WD wins, and geographical diversification. Gross margins were 42.8%, down 1 percentage point, with pricing actions improving margins in H2. Underlying EBITA was $195.1 million, in line with guidance, primarily driven by LPE offshore revenue, ANZ PTU growth, and Amotiv Unified, partially offset by lower 4WD margins due to pricing timing. Statutory NPAT increased to $75.1 million, compared to a statutory loss of $106.3 million in the previous year, impacted by the APG impairment. The company delivered strong cash conversion of 93.1%, supporting lower leverage of 1.85x. Capital management focused on share buybacks and improved dividends, with total cash returned to shareholders at $74.8 million. ROCE improved to 13.4%, and Amotiv Unified progress aligned with guidance. The FY27 outlook anticipates modest revenue and underlying EBITA growth, with growing offshore revenue, pricing, and Amotiv Unified benefits offsetting subdued ANZ conditions.

FY27 outlook: modest revenue and EBITA growth, offshore revenue and pricing benefits

AOV.ASX expects modest revenue and underlying EBITA growth in FY27, with growing offshore revenue, pricing, and Amotiv Unified benefits offsetting subdued ANZ conditions.