Highlights

  • Consensus rating of Buy from 3 analysts: 3 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$1.58 against a share price of A$0.67 on 8 October 2026, an implied upside of 137.1%.
  • Analyst targets range from A$1.40 to A$1.80.
  • Adjusted EBITDA rose 50% to $30.8 million, compared with $20.5 million, and excludes non-recurring, non-operating costs such as foreign exchange losses and Acquisition costs.

Smart Parking (ASX:SPZ) carries a consensus analyst rating of Buy. Of the 3 analyst recommendations recorded, 3 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$1.58, with targets ranging from A$1.40 to A$1.80, against a current share price of A$0.67 (8 October 2026). Smart Parking Limited is a parking technology and management company with operations in the United Kingdom, New Zealand and the United States.

Company name

Smart Parking

Ticker

(ASX:SPZ)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$0.67

Price date

8 October 2026

Number of analysts

3

Rating consensus

Buy

Consensus price target (mean)

A$1.58

Highest target

A$1.80

Lowest target

A$1.40

Implied upside/downside to mean target

Implied upside of 137.1%

Latest developments

Smart Parking (ASX:SPZ) lodged its Preliminary Final Report for the year ended 30 June 2026 under Listing Rule 4.3A. Revenue from ordinary activities rose 63% to $126.3 million, compared with $77.3 million, reflecting increased sales activity, enhanced Debt resolution processes in the UK and a full-year contribution from the FY25 US acquisition. Adjusted EBITDA rose 50% to $30.8 million, compared with $20.5 million, and excludes non-recurring, non-operating costs such as foreign exchange losses and acquisition costs.

Profit after tax attributable to members rose 28% to $6.9 million, compared with $5.4 million, despite foreign exchange losses of $2.6 million and a $2.4 million Amortisation charge on customer relationship intangibles. It also included the recognition of a benefit relating to historic tax balances in Australia. Total comprehensive income attributable to owners fell 36% to $3.9 million. Operating cash returns, excluding movements in cash held on behalf of customers, rose 30% to $20.2 million, and Basic Earnings Per Share rose 15% to 1.67 cents.

Adjusted EBITDA growth was partly offset by a $3.9 million Investment to establish a new territory in Switzerland. The company reports that 67% of revenue comes from the United Kingdom, with significant exposure to British pounds, and no dividends were paid or proposed for the year.

Sector context

Parking management revenue depends on parking volumes, enforcement and debt resolution processes, and results are affected by currency movements. The company notes that most revenue and earnings are in British pounds, as well as euros, US dollars and New Zealand dollars.

Risks and what to watch

Revenue growth reflects acquisitions and process changes, and total comprehensive income fell 36% because of currency translation. Foreign exchange losses and amortisation reduced statutory profit. The Swiss expansion costs $3.9 million and is expected to deliver results in future years. No Dividend is proposed, and the report is preliminary.

Next milestones

Items to watch include the audited annual report, performance of the UK and US operations, the Swiss expansion, currency effects on reported results, and any dividend decision in future periods.