• Reported revenue and EBITDA growth of 9% vs prior year
• Adjusted net profit after tax up 9% vs prior year
• Strong financial position with leverage at 1.8x net debt/EBITDA
• Interim dividend of 38.5 cents per share, 50% franked

CAR Group Ltd has reported an excellent set of results for the half year ended 31 December 2024. The company achieved 9% growth in both reported revenue and EBITDA compared to the prior corresponding period. Reported net profit after tax attributable to owners increased by 5%, while adjusted net profit after tax grew by 9%. The company's financial position remains strong, with leverage at 1.8 times net debt to EBITDA and an EBITDA to cash conversion ratio of 95%. The group delivered revenue and earnings growth across all key markets, demonstrating the strength of its diversified business model. In Australia, the online advertising business saw revenue and adjusted EBITDA growth of 9%, driven by market leadership and strong consumer engagement. The data, research and services division also grew revenue and adjusted EBITDA by 5%. Internationally, the company reported strong performances, with North America revenue and adjusted EBITDA up 9%, Latin America revenue and adjusted EBITDA up 30% and 34% respectively, and Asia revenue and adjusted EBITDA up 15% and 12% respectively. The directors have declared an interim dividend of 38.5 cents per share, 50% franked, to be paid on 14 April 2025.

The company expects to deliver good growth in proforma revenue, proforma EBITDA and adjusted net profit after tax on a constant currency basis in FY25. Proforma EBITDA margins are expected to be similar to FY25.

The company expects to see good growth in proforma revenue, proforma EBITDA and adjusted net profit after tax on a constant currency basis in FY25. In Australia, the company anticipates solid growth in dealer, private and media revenue. Internationally, the company expects solid growth in North America, strong growth in Latin America, and good growth in Asia.