Highlights

  • Autosports Group delivered record FY26 Revenue of $3.19 billion, an increase of 11.9% from the prior year.
  • Normalised NPBT increased 11.1% to $53.5 million, reaching the upper end of company guidance.
  • New vehicle order write increased 20%, while the forward order bank rose 290% during FY26.
  • Service and parts revenue continued to grow, increasing 16% and 22% respectively, while new luxury EV Supply is expected to help unwind the order bank from H2 FY27.

Autosports Group Limited (ASX:ASG) reported record revenue of $3.19 billion for the financial year ended 30 June 2026, representing an 11.9% increase from FY25. Normalised profit before tax rose 11.1% to $53.5 million, reaching the upper end of the company's previously provided guidance.

ASG shares were trading at A$1.53 at 11:20 am on 20 August 2026, up A$0.015, or 0.99%, on the day. The share movement followed the release of the company's FY26 financial results.

The prestige and luxury vehicle segments remained resilient during the year, while accelerated adoption of new energy vehicles altered purchasing patterns. New vehicle order write increased 20%, exceeding the 9% growth in new vehicle revenue. The difference left the group with lower available stock during the final quarter as Demand for electric vehicles increased.

Gross Profit Reaches Record Level

Autosports Group's Gross Profit increased 15% to a record $589.7 million. Gross Margin was 18.5%, with the company attributing the result to disciplined trading and its strategy of representing automotive brands with newer product offerings.

The company operates more than 90 businesses across Sydney, Canberra, Melbourne, Brisbane, the Gold Coast, Adelaide and Auckland. Its operations span new and used vehicle dealerships, motorcycles, collision repair, finance and insurance services, aftermarket products, spare parts and vehicle servicing.

The service and parts divisions provided additional growth during FY26. Service increased 16% from the prior corresponding period, while parts increased 22%.

Order Bank Rises 290%

One of the most significant changes during FY26 was the increase in Autosports Group's forward new vehicle order bank. Orders increased 290% from 30 June 2025 as demand for luxury electric vehicles accelerated faster than vehicle supply.

The company expects the order bank to begin unwinding during the second half of FY27 as additional European luxury electric vehicle products become available. This creates a different operating dynamic from FY26, when demand exceeded available stock in parts of the business.

July trading data provided an early indication of continued demand, with new vehicle order write increasing 18% compared with July 2025.

New Dealerships Expand Brand Portfolio

Autosports Group began FY27 with the opening of Mercedes-Benz Southport at Ferry Road on 1 July 2026. The company is also opening two greenfield Omoda Jaecoo dealerships and two greenfield XPENG dealerships in Sydney during August and September.

These additions broaden ASG's exposure to premium and technology-focused automotive brands, including manufacturers with electric vehicle offerings.

In the Australian Capital Territory, the company expects to complete the Acquisition of the property at 158-174 Melrose Drive in Phillip during October 2026. The acquisition is intended to support its expanding Canberra operations.

Funding Capacity Increased

Autosports Group amended its syndicated Facility agreement in June 2026, increasing the aggregate facility limit from $350 million to $435 million. Key maturities were extended from three years to four years, while certain financial covenants were eased.

The additional financing capacity comes as ASG continues to expand its dealership footprint and integrate acquisitions. Revenue growth in FY27 is also expected to benefit from the full-year contribution of FY26 acquisitions, particularly businesses in Berwick and Adelaide.

FY27 Outlook Centres on Luxury EV Supply

Autosports Group expects luxury battery-electric vehicle adoption to remain a growth driver during FY27. The company expects the arrival of additional products to address the supply constraints that contributed to the substantial increase in its order bank during FY26.

The company also highlighted its 17 Dealer of the Year awards during FY26 as supporting its ability to attract new and existing original equipment manufacturers.

The outlook therefore combines several moving parts: continued demand for luxury vehicles, increasing availability of electric models, the release of the existing order bank and contributions from recently acquired and newly opened dealerships.

Conclusion

Autosports Group entered FY27 following another year of record revenue and higher normalised earnings, with FY26 revenue increasing 11.9% to $3.19 billion and normalised NPBT rising 11.1% to $53.5 million. Gross profit also increased 15% to $589.7 million, while service and parts operations recorded double-digit growth. The main operational shift was the 290% increase in the new vehicle order bank, driven by luxury EV demand exceeding available supply. With additional electric vehicle models expected to arrive in FY27, the company anticipates the order bank will begin unwinding from H2 FY27 while new dealerships and acquisitions contribute to revenue.