AMA Group (ASX:AMA) Returns to Profit, Declares First Dividend Since 2019 and Guides to Higher FY27 Earnings

Aditi Sarkar

23 October 2026 09:41 PM AEDT

AMA Group (ASX:AMA) Returns to Profit, Declares First Dividend Since 2019 and Guides to Higher FY27 Earnings

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Highlights

• AMA Group reported FY26 statutory net profit after tax of $7.7m, reversing a $6.2m loss in the prior year.

• Normalised pre-AASB 16 EBITDA rose 8.6% to $68.0m on revenue and other income of $1,039.1m.

• The board declared a 0.5 cent fully franked final dividend, the first since 2019, and runs an on-market buyback.

• Management guided to FY27 normalised pre-AASB 16 EBITDA of $75m to $80m, targeting a 10% margin within three years.

For the first time since 2019, AMA Group Limited (ASX:AMA) is paying shareholders a dividend. The collision repair operator declared a 0.5 cent per share, fully franked final dividend alongside its FY26 results, which showed a statutory net profit after tax of $7.7m against a $6.2m loss a year earlier. Shares were trading at A$0.500 on 23 October 2026, up 4.17%.

A Profit Built on Collision Repair Volume

Revenue and other income for the year to 30 June 2026 reached $1,039.1m, up 2.5%. Normalised pre-AASB 16 EBITDA climbed 8.6% to $68.0m from $62.6m, while basic earnings per share came in at 1.39 cents compared with a loss of 1.65 cents in FY25.

The business repaired 246.8k vehicles at an average price of $3,998, compared with 248.1k at $3,903 a year earlier. Higher repair prices therefore offset slightly lower volumes. At year end, AMA operated 129 vehicle collision sites, nine Wales sites and five ACM Parts locations.

The half-year result had pointed the same way. In the six months to 31 December 2025, normalised EBITDA rose 21.9% to $30.5m, although the second quarter was far softer than the first, with a margin of 3.6% against 7.4%. Management reaffirmed its $70m to $75m guidance for the full year at that point. The final $68.0m result sat below that range.

Where the Earnings Came From

Capital SMART remained the largest contributor, with pre-AASB 16 EBITDA of $51.6m on revenue of $490.7m. That figure fell $6.8m, which the company attributed to a Suncorp volume incentive not achieved in FY26. AMA Collision generated $9.1m, up $1.8m, while Specialist Businesses rose $4.0m to $5.5m.

Wales earned $7.7m, down $2.8m. ACM Parts delivered $0.7m, a $5.4m improvement that followed a $4.0m inventory provision in FY25. The group also completed ACM's Queensland warehouse relocation in June 2026.

Cash, Debt and Capital Returns

Operating cash flow was $65.3m, down from $75.8m as income tax payments rose to $12.5m from $0.9m. Net debt stood at $18.4m. AMA cut drawn cash facilities to $60.0m from $75.0m, held $41.6m of cash and had $20.0m of undrawn facilities.

On capital management, the final dividend carried a record date of 11 September 2026 and a payment date of 5 October 2026. In May 2026 the company also set up an on-market buyback of up to 10% of its ordinary shares, with the first purchase in June 2026. Shareholders approved a one-for-ten share consolidation on 3 November 2025.

FY27 Targets and Stated Priorities

AMA expects normalised pre-AASB 16 EBITDA of $75m to $80m in FY27 and has set a target of a 10% pre-AASB 16 EBITDA margin within three years. The interim result flagged three more site closures in over-represented areas in the second half of FY26, and management said it would continue to expand where customer demand and financial returns justify it.

The group also reported progress on an AI strategy and wider business process improvements.

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