Smart Parking Ltd FY26 Preliminary Final Report
Key points
- Total revenue increased by 63% to $126.3m in FY26
- Adjusted EBITDA increased by 50% to $30.8m
- Net statutory profit after tax rose 28% to $6.9m
- Operating cash returns up 30% to $20.2m
- Strong growth across UK, US, and New Zealand operations
Full summary
Smart Parking Ltd's FY26 Preliminary Final Report highlights a robust financial performance with a 63% increase in total revenue to $126.3m, driven by growth in the UK, US, and New Zealand operations. Adjusted EBITDA rose by 50% to $30.8m, reflecting strong underlying operating results. Net statutory profit after tax increased by 28% to $6.9m, despite foreign exchange losses and amortisation charges. Operating cash returns grew by 30% to $20.2m, with a strong cash position of $17.4m. The company also expanded its ANPR site base by 16%, adding 503 new sites. Smart Parking's strategic acquisitions and growth initiatives position it for continued expansion and profitability.
Guidance
Revenue: $126.3m (FY26), Adjusted EBITDA: $30.8m (FY26), Net profit after tax: $6.9m (FY26)
Outlook
Smart Parking Ltd is well-positioned for revenue and earnings growth in FY27, with a focus on expanding its ANPR site base to 3,000 locations by 2028, driven by organic growth and strategic acquisitions.
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