Amotiv Limited (ASX:AOV): How Do FY26 Dividends Compare With Earnings and the FY27 Outlook?

Aditi Sarkar

04 November 2026 04:18 PM AEDT

Amotiv Limited (ASX:AOV): How Do FY26 Dividends Compare With Earnings and the FY27 Outlook?

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Highlights

Amotiv (ASX:AOV) declared a fully franked final FY26 Dividend of 23 cents per share.
The Interim Dividend was 20 cents per share, bringing FY26 distributions to 43 cents.
FY26 Revenue increased 2.7% to AUD 1.02 billion and underlying EBITA was AUD 195.1 million.
An October 2026 announcement revised the FY27 outlook.

Amotiv Limited (ASX:AOV) supplies automotive aftermarket products spanning powertrain and undercar components, lighting, electrical equipment and four-wheel-drive accessories. At the time of writing on 4 November 2026, Amotiv shares were trading at AUD 4.98. Its fully franked FY26 distributions, August full-year results and October trading update provide context for assessing cash returns alongside operating performance.

FY26 Dividend Payments and Franking

Amotiv Limited (ASX:AOV) declared a final dividend of AUD 0.23 per share for FY26, fully franked, following an interim dividend of AUD 0.20 per share. Together the payments represented AUD 0.43 per share for the year. The final dividend had an ex-dividend date of 25 August 2026 and a payment date of 15 September 2026. The interim dividend was paid on 12 March 2026. These were declared distributions rather than forecasts of future dividends.

Full franking means Australian franking credits were attached to the declared payments. The benefit of those credits depends on the shareholder’s tax circumstances. Amotiv (ASX:AOV) reported total cash returned to shareholders during FY26 of AUD 74.8 million, reflecting its Capital management programme.

Revenue, Earnings and Cash Conversion

For the year ended 30 June 2026, Amotiv Limited (ASX:AOV) reported revenue of approximately AUD 1.02 billion, up 2.7% YoY. Underlying EBITA was AUD 195.1 million, while statutory net profit after tax was AUD 75.1 million. The previous comparative period included a material impairment, making statutory profit comparisons different from underlying operating comparisons.

The company reported a gross Margin of 42.8%, down one percentage point, and cash conversion of 93.1%. Leverage declined to 1.85 times, while return on capital employed was 13.4%. These measures provide different perspectives on dividend funding: earnings describe profitability, cash conversion describes cash generation, and leverage indicates balance-sheet obligations.

October Trading Update and Business Conditions

Amotiv (ASX:AOV) published a trading update and revised FY27 outlook on 27 October 2026, following the outlook issued with its August results. The revision is relevant when considering the relationship between future earnings and the capacity to maintain distributions. Investors should distinguish guidance for the next financial year from cash dividends already declared and paid.

Its portfolio spans multiple automotive aftermarket categories and geographic markets. Demand conditions, product mix, pricing and costs may affect segment margins differently. The FY26 release noted Volume contributions from filtration and four-wheel-drive products, while pricing timing weighed on certain margins. The company also continued implementing its Amotiv Unified operating programme.

Key Risks and What to Monitor

Amotiv Limited (ASX:AOV) remains exposed to automotive aftermarket demand, product costs, pricing implementation and execution of its operating programme. Working capital, acquisitions, Capital Expenditure and Debt commitments can also influence cash available for dividends.

Future reporting will clarify how the revised FY27 outlook translates into revenue, underlying EBITA and cash flow. Dividend decisions remain subject to board assessment rather than being automatically determined by the prior year’s payments.

Key Insights

Amotiv (ASX:AOV) paid fully franked FY26 dividends totalling AUD 0.43 per share while reporting higher revenue, positive statutory earnings and substantial cash conversion. The October 2026 outlook revision makes subsequent trading results, margins, cash generation and capital allocation relevant to future dividend assessments.

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