Smart Parking Limited (ASX:SPZ) has disclosed record financial results for FY26 at its Annual General Meeting on 13 November 2026, with revenue of $126.0 million, Adjusted EBITDA of $30.8 million, and 2,083 ANPR sites generating revenue across six territories, as presented by CEO Paul Gillespie.

Key Points

  • FY26 revenue of $126.0 million, up 63% on the prior corresponding period, excluding interest income of $0.3 million
  • Adjusted EBITDA of $30.8 million, up 50% on the prior corresponding period; excluding Switzerland territory establishment costs of $3.8 million, the increase was 69%
  • UNPATA of $11.4 million, up 73% on the prior corresponding period
  • Q1 FY27 revenue of $31.4 million, up 11% on the prior corresponding period, with 2,129 ANPR sites as at 30 September 2026
  • CEO relocated to the US in October to drive growth in the US market; American Parking acquisition completed 1 July 2026 and performing in line with expectations

FY26 Record Financial Results

Smart Parking reported FY26 revenue of $126.0 million, up 63% on the prior corresponding period, and Adjusted EBITDA of $30.8 million, up 50% on the prior corresponding period. Cash of $17.4 million was up 37%, excluding $9.9 million of cash held on behalf of customers. Adjusted free cash flow of $20.0 million was up 56%, excluding Switzerland cash flow, non-recurring and non-operating items, and foreign exchange movements. UNPATA of $11.4 million rose 73% on the prior corresponding period. The company stated that revenue CAGR over the six-year period was 41% and Adjusted EBITDA CAGR was 69%.

Regional Performance Across Six Territories

The UK contributed revenue of $84.887 million, up 62%, with 1,525 total sites, up 14%, and Adjusted EBITDA of $25.861 million, up 54%. Denmark reported revenue of $8.831 million, up 19%, across 310 sites, up 30%. New Zealand recorded revenue of $5.596 million, up 40%, across 150 sites, up 40%. Switzerland delivered revenue of $25.338 million across 156 total sites. Germany reported revenue of $298,000 across 66 sites. The US, operating under the Peak Parking and American Parking businesses, commenced PBN issuance, with 233 total US sites under management as at 30 September 2026 and 40 contracted ANPR customers.

Q1 FY27 Trading Update and UK Regulatory Development

For Q1 FY27, Smart Parking disclosed revenue of $31.4 million, up 11% on the prior corresponding period, with Adjusted EBITDA of $8.0 million, up 1%. PBNs issued reached 315,342, up 8%, and ANPR sites grew to 2,129, up 18%. The company disclosed US investments in sales and execution capabilities of $2 million on an annualised cost basis. The company also noted a positive regulatory outcome in the UK, with a new Private Parking Code of Practice retaining the £100 maximum parking charge and the £70 maximum debt recovery fee, with further consultation on the debt recovery fee expected in 2027. The company's target of 3,000 ANPR sites by December 2028 was described as intact.