Key Highlights

  • Smart Parking shares were trading at $0.69 during the 13 November 2026 session, down 12.66%.
  • FY26 total Revenue rose 63% to $126.3 million, and adjusted EBITDA increased 50% to $30.8 million.
  • Net statutory profit after tax was $6.9 million, up 28%, after foreign exchange losses of $2.6 million.

During the Trading session on 13 November 2026, Smart Parking Ltd (ASX:SPZ) shares were trading at $0.69, down 12.66%, while the S&P/ASX 200 was down 0.73% at 9,079.70 at 12:39 pm AEDT. Smart Parking operates parking technology and management services across the United Kingdom, New Zealand, the United States and Europe. Its latest update was its preliminary final report for the year ended 30 June 2026, which set out the company's full-year results.

Revenue and earnings

Total revenue for FY26 was $126.3 million, up 63% from $77.3 million in FY25. The company said growth came from increased sales activity, enhanced Debt resolution processes in the UK and a full-year contribution from its FY25 US acquisition. Adjusted EBITDA, which excludes non-recurring and non-operating costs, rose 50% to $30.8 million. Basic Earnings per share grew 15% to 1.67 cents.

Statutory result and currency effects

Net statutory profit after tax attributable to members was $6.9 million, up 28%. The result was reached despite foreign exchange losses of $2.6 million and a $2.4 million Amortisation charge on customer relationship intangibles from acquisitions. A stronger Australian dollar reduced revenue by a further $2.9 million and adjusted EBITDA by $1.0 million. The effective tax rate rose to 40.7%, partly due to losses in Denmark, Germany and Switzerland where no tax benefit has been recognised.

Cash returns, Investment and dividends

Operating cash returns, excluding cash held on behalf of customers, were $20.2 million, up 30%. The company invested $3.9 million to establish a new territory in Switzerland, which it expects to deliver positive results in future years. No dividends were paid or proposed for the period, and the company does not have a Dividend reinvestment plan.

Sector context

Parking management and enforcement services are often tied to municipal and transport contracts, and revenue can depend on debt collection and local regulation. Companies operating across several currencies face translation effects when reporting in Australian dollars, and the UK generates the majority of revenue for this group.

Risks investors are watching

The company generates 67% of revenue from the United Kingdom, and a significant share of its earnings is denominated in British pounds, so currency movements affect reported results. Foreign exchange losses reduced the statutory profit, and the new Swiss operation absorbed $3.9 million in investment without yet contributing returns. The effective tax rate rose sharply, and no dividend is currently paid or proposed.

What to watch ahead

Investors will look for the first-half FY27 result, the performance of the Swiss territory and the company's approach to currency exposure. Updates on the UK debt resolution Business and integration of US operations will also be followed.

Final Word

Smart Parking's FY26 results show top-line growth and higher adjusted EBITDA, alongside currency losses and a higher tax rate. The coming half-year figures will show how these factors develop in the next reporting period.