Key highlights

  • Supply Network Ltd (ASX:SNL) shares were priced at $35.06 as at 22 October 2026, up 0.03% on the day and up approximately 0.60% over the past year.
  • Supply Network said the closure of the Strait of Hormuz raised diesel and lubricant costs and made sourcing harder in the second half of FY2026.
  • Multispares kept adding new customers, and a new Rosedale branch in North Auckland opened on 2 March 2026.

As at 22 October 2026, Supply Network Ltd (ASX:SNL) shares were priced at $35.06, up 0.03% on the day, and the share performance data shows the stock up approximately 0.60% over the past year and up nearly 9.19% on a YTD basis. Supply Network is an Australian distributor of aftermarket parts for trucks, buses and trailers through its Multispares business. Supply Network said the closure of the Strait of Hormuz raised diesel and lubricant costs and made sourcing harder in the second half of FY2026.

About Supply Network Ltd: business overview

Supply Network Limited distributes parts and accessories for heavy vehicles through its Multispares business, serving truck, bus and trailer operators across Australia and New Zealand. It operates distribution centres at Pemulwuy in Sydney and Truganina in Melbourne, plus a Hamilton distribution centre in New Zealand.

FY2026 market update

In its FY2026 full year market update, Supply Network said the first half operated in a relatively benign environment, which changed when hostilities in the Middle East closed the Strait of Hormuz just days after first-half results. That significantly increased diesel and lubricant costs and made it difficult to source and move products through the Middle East. The company said the effect was shared across road transport and logistics, and that Multispares continued to add customers and expand business with established customers through the second half, with growth broadly based across geographies, segments, vehicle models and product groups.

New Zealand and systems investment

New Zealand catch-up investment peaked in the second half, including a new branch at Rosedale opened on 2 March 2026 that is performing ahead of expectations, a racking expansion at the Hamilton distribution centre completed in June 2026 and steps toward closer Australia–New Zealand integration. In Australia, the company implemented several IT upgrades, including a browser-based sales interface, new warehouse scanning app capabilities and a new ERP backbone, operating on the new systems since Easter in Australia and three weeks later in New Zealand. It also completed integration of the Pemulwuy and extended Truganina distribution centres.

FY2027 target

Supply Network has targeted revenue growth of around $50 million in FY2027 and referred to a Penrith branch, with a cost of around $9 million, planned to open in early FY2027.

Related sector context

Automotive and parts businesses are influenced by vehicle sales and ownership, replacement part demand, supply chains, currency and tariffs, and new vehicle technology. Companies in the segment report sales, margins, order books and acquisition activity, and results can differ between original equipment, aftermarket and retail operations.

Risks to weigh in

Fuel and lubricant costs rose after the Strait of Hormuz closure, and sourcing through the Middle East became harder. The company has just moved to a new ERP system, which carries implementation risk, and New Zealand investment adds costs. The update does not give headline profit figures, and customer demand, freight activity and supply chains can affect outcomes.

Catalysts on watch

Items to watch include the Penrith branch opening, the performance of the new systems and the FY2027 revenue growth target.

Wrapping up

Supply Network’s FY2026 update described a second half affected by fuel costs and supply disruption, alongside new branches and systems. The FY2026 result will provide the formal figures.