Amotiv Limited (ASX:AOV): Fully Franked Dividends, FY26 Results and Revised FY27 Outlook

Aditi Sarkar

02 November 2026 03:12 PM AEDT

Amotiv Limited (ASX:AOV): Fully Franked Dividends, FY26 Results and Revised FY27 Outlook

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Highlights

Amotiv Limited (ASX:AOV) paid a fully franked final FY26 Dividend of 23.0 cents per share.
The FY26 full-year dividend totalled 43.0 cents per share, versus 40.5 cents in FY25.
FY26 Revenue reached AUD 1,023.9 million and statutory net profit was AUD 75.1 million.
October 2026 guidance now anticipates weaker FY27 revenue and underlying EBITA on a comparable basis.

Amotiv Limited (ASX:AOV) supplies automotive aftermarket components and accessories through businesses spanning powertrain and undercar products, vehicle lighting and electrical equipment, and four-wheel-drive accessories. As at 2 November 2026, the share-price information for Amotiv was AUD 5.02, with a 100% dividend-franking figure. The company’s recent reporting covers its FY26 dividend declarations, full-year Earnings and a revised trading outlook released in October.

FY26 Interim and Final Dividends

Amotiv Limited (ASX:AOV) declared an FY26 Interim Dividend of 20.0 cents per share, fully franked, which was paid on 12 March 2026. The company subsequently declared a fully franked final dividend of 23.0 cents per share, payable on 15 September 2026. The final payment had an ex-dividend date of 25 August and a Record Date of 26 August. Together, the two distributions amounted to 43.0 cents per share for FY26.

The total FY26 distribution represented an increase of 2.5 cents per share, or 6.2%, from the 40.5 cents reported for FY25. The ordinary interim and final payments should be considered individually when reviewing entitlements, payment dates and associated franking credits. A 100% Franked Dividend carries franking credits calculated under the applicable corporate tax rate; it is distinct from the Cash Dividend itself. The company’s Dividend reinvestment plan was not activated for its FY26 interim dividend.

Automotive Operations and FY26 Financial Performance

Amotiv operates three reporting divisions: 4WD Accessories and Trailering, Lighting, Power and Electrical, and Powertrain and Undercar. The portfolio includes equipment for vehicle fitment and touring, lighting and power-management systems, and replacement parts used in repair and maintenance. These activities serve original-equipment and aftermarket customers, with operations extending beyond Australia and New Zealand.

For the year ended 30 June 2026, Amotiv Limited (ASX:AOV) reported revenue of AUD 1,023.9 million, an increase of 2.7% YoY from AUD 997.4 million. Underlying EBITA rose 1.6% YoY to AUD 195.1 million, while statutory net profit after tax was AUD 75.1 million, compared with a loss of AUD 106.3 million in FY25. The comparative statutory result included a material impairment, so the movement should not be interpreted as equivalent to underlying earnings growth.

Segment results differed. 4WD Accessories and Trailering revenue increased 3.8% YoY to AUD 368.5 million, but underlying EBITA fell 10.9% to AUD 52.8 million. Lighting, Power and Electrical recorded revenue of AUD 315.9 million, down 0.7%, while underlying EBITA increased 11.1% to AUD 75.2 million. Powertrain and Undercar revenue advanced 4.7% to AUD 339.5 million, with underlying EBITA up 2.1% to AUD 78.8 million.

Cash Flow, Capital Management and October Trading Update

Operating Cash Flow was AUD 155.2 million in FY26, up 3.7% YoY. Amotiv Limited (ASX:AOV) reported cash conversion of 93.1%, compared with 90.6% in FY25, and net Debt of AUD 376.5 million, down AUD 6.8 million. Net debt to adjusted EBITDA was 1.85 times. The company reported AUD 74.8 million of cash returned to shareholders through dividends and Buybacks during the year.

In an update on 27 October 2026, Amotiv said like-for-like revenue for the first quarter of FY27 was 5% below the prior corresponding period. The decline was concentrated in 4WD Accessories and Trailering, reflecting subdued vehicle Demand and disruption to production in Thailand following flooding. Lighting, Power and Electrical revenue was broadly flat, while Powertrain and Undercar increased marginally.

The company revised its FY27 expectations: excluding consolidation of VAFI, revenue and underlying EBITA could be up to 5% below FY26 continuing operations. Including VAFI consolidation, both measures were expected to be broadly in line with FY26 continuing operations. Amotiv also announced an on-market buyback of up to 5% of shares on issue. These forward-looking statements reflect management’s stated assumptions rather than assured outcomes.

Risks to Consider and What to Watch Next

Demand for new vehicles, recreational vehicles and aftermarket accessories can vary with household spending and economic conditions. The group also identified inflation, freight and logistics expenses, legal-dispute costs, supply-chain disruption and international operating exposure as relevant issues. Foreign exchange movements and steel input costs can affect margins, while execution of pricing changes and integration initiatives may influence operating results.

For Amotiv Limited (ASX:AOV), future reporting points include the extent of demand recovery in its 4WD business, normalisation of Thailand production, performance of overseas sales, and delivery of its targeted AUD 10 million of additional net annualised Amotiv Unified benefits in FY27. Its subsequent financial statements will also show whether cash generation, debt metrics and capital allocations evolve as planned.

Key Insights

Amotiv Limited (ASX:AOV) reported a 43.0-cent-per-share FY26 dividend total, comprising fully franked interim and final payments. Revenue increased modestly, statutory profit returned to a positive figure and cash conversion improved. Its October outlook revision places attention on customer demand, operating costs, Supply continuity and the contribution of newly consolidated activities. Dividend declarations and future capital-management decisions will remain subject to company announcements.

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