Smart Parking Ltd FY26 AGM Presentation
Key points
- Record revenue of $126.0m, up 1,2% compared to previous corresponding period
- Adjusted EBITDA of $30.8m, up 37%
- Positive regulatory outcome in the UK with a new Private Parking Code of Practice
- CEO relocated to the US to drive long-term growth
- FY27 targets on track with expected growth in sites and revenues
Full summary
Smart Parking Ltd presented its Annual General Meeting (AGM) results for FY26, highlighting significant revenue growth and improved profitability. The company reported a revenue of $126.0 million, up 1,2% compared to the previous corresponding period, and an Adjusted EBITDA of $30.8 million, up 37%. The company also noted a positive regulatory outcome in the UK with a new Private Parking Code of Practice. The CEO relocated to the US to drive long-term growth. The company is on track to achieve its FY27 targets, with ongoing growth in sites and revenues, and positive regulatory developments.
Guidance
FY27: Expected $5m EBITDA benefit in the UK, Germany break-even expected during FY27
Outlook
Smart Parking Ltd expects to achieve its FY27 targets with ongoing growth in sites and revenues, positive regulatory developments, and strategic investments in the US.
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