Highlights

  • Eagers Automotive reported first-half 2026 Revenue of $8,053.5 million and statutory profit after tax of $165.2 million.
  • The CanadaOne Auto Acquisition completed on 30 April 2026, giving Eagers a controlling 65% interest and a new Canadian operating platform.
  • Underlying profit before tax reached $250.4 million, while the Interim Dividend increased to 25.0 cents per share.
  • Australian new vehicle Market Share increased to 15.9% from 13.8% in the prior corresponding period.
  • The group continued to develop its independent used-vehicle operations and other strategic partnerships during the half.

Eagers Automotive is an automotive retail group whose core Business includes motor vehicle dealerships, new and used vehicle sales, servicing, parts and the facilitation of consumer finance. Its first-half 2026 result reflected a broader operating footprint after the completion of the CanadaOne Auto transaction, alongside continued activity in its Australian retail network and independent used-vehicle business.

Half-Year Earnings Expanded With the Larger Group

For the six months to 30 June 2026, Eagers reported revenue of $8,053.5 million, compared with $6,496.7 million in the prior corresponding period. Statutory profit before tax was $243.1 million and statutory profit after tax was $165.2 million. On an underlying basis, EBITDA was $364.6 million, profit before tax was $250.4 million and profit after tax was $177.4 million.

The board declared an ordinary interim dividend of 25.0 cents per share, compared with 24.0 cents for the corresponding 2025 period. The result therefore combined higher group scale with an increase in both statutory and underlying earnings measures.

CanadaOne Adds a New Geographic Platform

Eagers completed the acquisition of a controlling interest in CanadaOne Auto Group on 30 April 2026. The group acquired a 65% ownership interest in the Holding Company and consolidated CanadaOne from the acquisition date. CanadaOne contributed $40.455 million to profit before tax during the period in which it was controlled.

The transaction gives Eagers an operating platform in Canada and increases the group's geographic diversification. The acquisition accounting remained provisional at 30 June 2026, with valuation work continuing across acquired assets, liabilities, non-controlling interests and other transaction-related items.

Australian Operations and Used-Vehicle Activity

Eagers reported that its Australian new vehicle market share increased to 15.9% in the first half of 2026 from 13.8% in the prior corresponding period. The company also highlighted a first-half profit record in its independent pre-owned operations, including easyauto123 and its national auction business, Carlins.

During the half, Eagers also completed the acquisition of Audi Centre Melbourne and Audi Richmond and progressed other strategic initiatives. It entered a non-binding term sheet for the proposed divestment of its franchised automotive business in New Zealand while retaining its easyauto123 operations there.

Balance Sheet and Strategic Capacity

The half-year report stated that the group remained in compliance with its bank covenants at 30 June 2026 and was forecast to remain compliant for the following 12 months. The directors also stated that available resources and Cash Flow modelling supported the group's ability to meet obligations as they fall due over that period.

With CanadaOne now consolidated, future reporting will provide a clearer view of the full-period contribution from the Canadian business, the performance of recently acquired dealerships and the pace of development across Eagers' used-vehicle and Partnership initiatives.

Key Insights

Eagers Automotive entered the second half of 2026 with a materially larger operating base following the CanadaOne acquisition. The first-half result showed higher revenue and profit, an increased interim dividend and improved Australian new vehicle market share. The main financial focus now shifts to how the enlarged group performs over a full reporting period and how effectively management integrates new operations while continuing its domestic retail and used-vehicle strategies.