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Highlights

  • ARB’s export sales surged 15.4% YoY in 1HFY25, driven by U.S. market expansion and strengthened distribution networks.
  • Despite inflation and vehicle sales decline, total revenue rose 7% YoY to AUD 366.7 million in 1HFY25.
  • ARB declared a 100% franked dividend of AUD 0.34 per share, payable on 17 April 2025.

ARB Corporation Limited (ASX:ARB) is an ASX-listed company that specialises in designing and manufacturing premium motor vehicle accessories. In the first half of the financial year 2025 (1HFY25), the company recorded a 15.4% YoY growth in export sales, primarily driven by the U.S. market. With the company's engineering centre in California and expanded distribution in Texas, ARB intends to capture a larger share of the U.S. market while laying a foundation for sustained international expansion.

Despite inflation and decline in vehicle sales, ARB’s Australian aftermarket segment maintained steady growth, with retail sales rising 1.9% YoY.

Financial Performance

For the half-year ended 31 December 2024 (1HFY25), ARB reported:

  • Total Revenue: AUD 366.7 million (7% YoY increase)
  • Profit Before Tax: AUD 70.3 million (0.7% decline YoY)
  • Cash and Cash Equivalents: AUD 22.8 million (57.4% decline YoY)

During the reported period, exports increased by 15.4% YoY and OEM sales dipped slightly by 1.3% YoY. The significant drop in cash reserves reflects ARB’s heavy investment in expansion strategies.

On 18 February 2025, the company announced 100% franked dividend of AUD 0.34 per share. Record date of the dividend is 3 April 2025 and the payment is scheduled for 17 April 2025.

Outlook

Looking ahead, ARB Corporation plans to maintain a healthy order book in Australia Aftermarket by continuing product development and strengthening distribution networks. Internationally, ARB anticipates further export sales growth in 2HFY25, particularly in the U.S., supported by acquisitions like ORW/4WP and the expansion of engineering and distribution facilities.

Additionally, ARB aims to bolster its retail presence across Australia and New Zealand, increasing distribution capacity and launching new products — all backed by a solid balance sheet and a long-term growth strategy.

Share performance of ARB

ARB shares closed 0.81% lower at AUD 38.15 per share on 24 February 2025. Over the past year, the stock price of ARB has dropped by nearly 3.73%, and in the last three months, it has declined by almost 7.18%.

52-week high of ARB is AUD 48.11, recorded on 30 September 2024 and 52-week low is AUD 35.97, recorded on 29 May 2024.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 24 February 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.