Highlights

  • SNL’s FY25 revenue increased 15.3% year-on-year to AUD 348.83 million, with net profit rising to AUD 40.02 million.
  • Operating cash flow nearly doubled to AUD 32.17 million, while gross margin expanded to 44.0%.
  • The Board approved a new FY26–FY28 strategic plan and reaffirmed a FY26 revenue growth target of approximately AUD 50 million.

Supply Network Limited (ASX: SNL), a supplier of aftermarket parts for the commercial vehicle sector, has reported improved financial performance for the 12 months ended 30 June 2025 (FY25). Operating under the Multispares brand across Australia and New Zealand, the company recorded higher revenue, earnings, and cash flow, while outlining its strategic priorities for the coming years.

FY25 Financial Performance Overview

For FY25, the company reported revenue of AUD 348.83 million, representing a 15.3% year-on-year increase from AUD 302.60 million in FY24. The rise in revenue was supported by improved trading conditions across both Australian and New Zealand operations.

Earnings before interest and tax (EBIT) increased to AUD 58.43 million in FY25, compared with AUD 49.35 million in the previous corresponding period. Net profit after tax for the period rose 21.2% to AUD 40.02 million, up from AUD 33.03 million in FY24.

Operating cash flow also recorded a significant increase, almost doubling to AUD 32.17 million from AUD 16.49 million a year earlier.

Operational and Financial Metrics

During FY25, the company reported an expansion in gross margin to 44.0%, compared with 42.6% in FY24. The company’s debt-to-equity ratio improved to 0.36x from 0.50x over the same period.

However, the cash conversion cycle increased to 249.2 days in FY25, compared with 229.4 days in FY24. Return on equity declined to 33.2% from 36.5% in the prior year.

Recent AGM Update

At the company’s Annual General Meeting held on 24 October 2025, the Chairman reiterated Supply Network’s FY26 revenue growth target of approximately AUD 50 million. The update indicated that early trading performance in FY26 aligns with the company’s stated objectives, with an emphasis placed on disciplined execution.

Strategic Outlook FY26–FY28

The Board has approved a new three-year strategic plan covering FY26 to FY28. The plan focuses on supporting long-term growth through ongoing investment and reinforcing Supply Network’s position in the truck and bus spare parts and diagnostics market.

The company aims to maintain its role as a key industry partner, with further updates expected at the release of its H1FY26 results.

Sector Environment and Risks

According to the data released by the Australian Bureau of Statistics, broader economic data shows that Australia’s total household wealth increased by 3.1%, or AUD 551.3 billion, in the September quarter of 2025.

Share Performance of SNL

SNL shares closed at AUD 31.90 per share on 5 January 2026, down 0.65% intraday. The stock’s year-long performance shows a decline of 2.51%, with a 1.97% drop over the last week and a 3.22% fall over the past month. Over three and six months, Supply Network’s shares decreased by 7.05% and 13.55%, respectively. The nine-month figure shows a 5.03% loss.            

SNL’s 52-week high was AUD 41.990 on 22 May 2025, and the 52-week low was AUD 30.110 on 7 April 2025.

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 05 January 2026. 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.