Record HY2026 Financial Results
Eagers Automotive Reports Record HY2026 Revenue and Profit Amid Strong Market Growth
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Key Points
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The HY2026 update was presented by CEO Keith Thornton and CFO Sophie Moore, highlighting leadership-led governance and ongoing disclosure.
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HY2026 revenue reached $8.05 billion (up 24% YoY), with net profit of $165.2 million and profit attributable to members of $126.6 million.
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Net tangible asset backing per ordinary security eased to $1.63 from $1.68, signaling a modest dip in asset backing despite earnings strength.
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Liquidity and asset base details show total available liquidity of $2.61 billion, cash on hand of $1.17 billion, and an expanded owned property portfolio of $1.62 billion after including CanadaOne assets.
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Australian new vehicle market share rose to 15.9%, accompanied by an underlying return on sales margin of 3.1%, underscoring margin outperformance and market position.
Eagers Automotive reported record half-year revenue of $8.05 billion, up 24% from the prior year, driven by growth across Australia and New Zealand plus two months of contributions from its CanadaOne Auto partnership Kalkine. Net profit reached $165.2 million, with the company declaring a fully franked interim dividend of 25 cents per share, payable September 18 Kalkine.
CEO Keith Thornton and CFO Sophie Moore highlighted a solid liquidity position of $2.61 billion and an expanded asset base of $1.62 billion after including CanadaOne holdings Market Screener. The Australian automotive group captured 15.9% of the new vehicle market, with a return on sales margin of 3.1%, signaling strong operational performance Kalkine.
Double-Digit Profit Growth Outpaces Revenue Gains
Eagers' statutory profit before tax jumped 25.7% to $243.1 million in the first half of 2026 Kalkine. Profit attributable to members hit $126.6 million, demonstrating margin expansion beyond the top-line growth. The underlying return on sales margin of 3.1% reflects disciplined pricing and cost management across the group's dealership network.
CanadaOne Partnership Adds Two Months of Earnings
The inclusion of CanadaOne Auto contributed two months of revenue and profits to the HY2026 result Kalkine. Management signaled plans to scale the North American partnership further, alongside expansion of its easyauto123 pre-owned vehicle channel. These growth drivers aim to sustain momentum into the second half and beyond.
Strong Liquidity and Dividend Support Capital Plans
Eagers maintains $1.17 billion in cash on hand and total available liquidity of $2.61 billion Market Screener. The company's owned property portfolio expanded to $1.62 billion after CanadaOne integration. Net tangible asset backing eased slightly to $1.63 per security from $1.68, yet the balance sheet supports disciplined acquisitions and capital returns to shareholders.
Record Dividend Reflects Confidence in Growth Path
Eagers declared a record interim dividend of 25 cents per share, fully franked, with an ex-dividend date of September 4 Kalkine. The payout signals management confidence in cash generation and earnings sustainability. Analysts maintain a Buy rating on the stock with a price target of A$27.25, reflecting optimism around the group's strategic initiatives Kalkine.
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