Trading Update and Revised FY27 Outlook

• Q1 FY27 trading challenging, revenue 5% below prior year
• Gross margins improved, operating costs impacted by one-offs
• Revised FY27 outlook: revenue and EBITA expected up to 5% lower than FY26
• International expansion and pricing actions to support outlook
• On-market buyback of up to 5% of shares

Amotiv Limited (ASX:AOV) reported a challenging first quarter of FY27, with like-for-like Group revenue 5% below the prior corresponding period, largely due to subdued new vehicle and pick-up sales and supply disruptions in Thailand. Gross margins improved, but operating costs were impacted by one-offs and inflationary increases. The revised FY27 outlook expects revenue and underlying EBITA to be up to 5% lower than FY26 due to worsening economic conditions. International expansion, pricing actions, and a $10m net annualised benefit from Amotiv Unified are expected to support the outlook.

FY27 revenue and underlying EBITA expected up to 5% lower than FY26

Amotiv expects the challenging economic environment to persist for the balance of FY27. The outlook is supported by international expansion, pricing actions, and Amotiv Unified benefits.