Highlights

  • FY26 Revenue increased 63% to $126.3 million, reflecting organic operations and US Acquisition contributions.
  • Adjusted EBITDA increased 50% to $30.8 million, while statutory net profit reached $6.9 million.
  • The ANPR network reached 2,083 sites at 30 June 2026 after 503 additions during FY26.
  • The American Parking transaction expanded US operations by 54 managed locations.
  • Regulatory developments and implementation costs remain relevant to future operating performance.

Smart Parking Limited (ASX:SPZ) operates parking management technology and services, including automatic number plate recognition (ANPR) systems and its SmartCloud platform. Its operations span the United Kingdom, United States, New Zealand and European markets. The company’s FY26 financial disclosures point to increased revenue, Earnings and network coverage, while its American Parking acquisition broadens its US presence. These developments provide context for ASX:SPZ without establishing a cause for its share movement.

Revenue and Earnings Reflect Wider Operations

For the year ended 30 June 2026, ASX:SPZ reported revenue of $126.3 million, up 63% from $77.3 million in FY25. Adjusted EBITDA increased 50% to $30.8 million from $20.5 million. Net statutory profit after tax attributable to members rose 28% to $6.9 million, compared with $5.4 million previously. Basic Earnings Per Share increased 15% to 1.67 cents. The company attributed the revenue advance to new sales, improved UK Debt resolution processes and a full-year contribution from the Peak Parking acquisition.

Operating cash inflows excluding movements in client funds were $20.2 million, versus $15.6 million in FY25. Cash on hand, excluding customer funds, was $17.4 million at 30 June 2026, compared with $12.7 million a year earlier. ASX:SPZ reported foreign exchange losses of $2.6 million and noted spending of $3.9 million to establish its Swiss operation.

Parking Network and Regional Performance

During FY26, Smart Parking added 503 new ANPR sites, a 15% increase in additions compared with FY25, taking the network to 2,083 ANPR sites at year-end. Its UK Business generated $84.9 million in revenue, up 62%, with adjusted EBITDA rising 54% to $25.9 million. The UK network ended FY26 with 1,525 sites. New Zealand revenue reached $8.8 million, an increase of 19%, and Germany revenue rose 40% to $5.6 million.

Management said the benefit of enhanced UK debt resolution processes is expected to reduce in FY27. Denmark revenue decreased to $0.3 million from $1.3 million following enforcement rule changes that increased manual processing.

American Parking Acquisition Extends US Footprint

Smart Parking announced the acquisition of American Parking in July 2026, adding 54 managed locations across Oklahoma, Texas and Arkansas. The transaction was valued at US$12 million. American Parking generated approximately US$8 million in revenue and US$1.4 million in EBITDA during calendar 2025. Smart Parking plans to deploy its technology across relevant acquired locations, although operational benefits depend on the pace and effectiveness of integration.

Operating Priorities and Constraints

ASX:SPZ has maintained a target of 3,000 installed ANPR sites by 31 December 2028. Delivery will depend on customer contracts, site installation schedules and regional conditions. Regulatory change remains particularly relevant in markets where enforcement procedures and debt recovery affect revenue. The business also faces foreign exchange exposure, costs of establishing newer territories, and integration requirements following US acquisitions.

Key Insights

Smart Parking’s FY26 results show increased revenue, adjusted earnings, operating cash generation and installed ANPR locations. UK operations remained the principal revenue contributor, while acquisitions expanded the US business. ASX:SPZ has also disclosed uneven regional outcomes, including lower Denmark revenue and a reduced expected benefit from UK debt resolution in FY27.