Half Year 2026 AMA Group Ltd Earnings Call Transcript
Key Points
- AMA Group Ltd (AMGRF) reported a first-half FY26 pre-AASB 16 normalized EBITDA of $30.5 million, up almost 22% from the first half of FY25.
- Operating cash flow improved by 16.2% for the corresponding reporting period.
- ACM Parts contributed a positive EBITDA to the group for the first time.
- The company increased its team by 37 members and maintained voluntary turnover at favorable rates.
- Overall group revenue increased by $29.6 million, or 6%, to $524.1 million, with core vehicle collision-repair businesses increasing revenue by 6.6%.
- Capital Smart's EBITDA decreased from $25.8 million in 1H FY25 to $24 million in 1H FY26, in line with expectations but still a decline.
- Wales Heavy Vehicle Division experienced a $1.6 million decrease in normalized pre-AASB 16 EBITDA due to softer work volumes.
- Finance costs increased by $2.2 million in lease-related finance costs due to rising market rents and interest rates.
- No dividend was declared for the first half of FY26, consistent with FY25.
- The company faced a $0.8 million cost for planned site closures within AMA Collision and a $0.6 million cost for the planned ACM Parts warehouse relocation.
Thank you for standing by and welcome to the AMA Group HY 26 results briefing. There will be a presentation followed by a question-and-answer session. If you wish to ask a question via the phones, you will need to press the star key followed by the number 1 on your telephone keypad. To ask a question via the webcast, please enter it into the Ask a Question box and click submit.
I would now like to hand the conference over to Ray Smith Roberts, group managing director.
Please go ahead.
Good morning everyone.
Thank you for taking the time to join us for the presentation of the AMA Group FY26 halfâyear results.
For those of you joining us via webcast, you should be able to view the presentation on your screen. If you're joining us via teleconference, you should have access to it via our investor presentation on the ASX platform or our company website.
I'll begin today's presentation with a business update along with details of our portfolio
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