Supply Network Ltd (ASX:SNL) Share Price Update: Latest News and Market Activity

Sonal Goyal

23 October 2026 02:45 PM AEDT

Supply Network Ltd (ASX:SNL) Share Price Update: Latest News and Market Activity

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Supply Network Ltd (ASX:SNL) shares were trading 2.47% lower at $34.195 during the 23 October 2026 session.
The FY2026 full-year market update, released in July 2026, described new branches, distribution centre work and system upgrades.
The company targeted Revenue growth of around $50 million in FY2027.

Shares in Supply Network Ltd (ASX:SNL) were trading 2.47% lower at $34.195 during the Trading session on 23 October 2026. During the same session, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. Supply Network, trading as Multispares, supplies aftermarket parts for trucks and buses in Australia and New Zealand. The company released its FY2026 full-year market update in July 2026, and the share price movement has not been linked to that update.

Latest development: FY2026 operating review

In its FY2026 full-year market update, Supply Network said the macro environment was relatively benign in the first half of FY2026 but changed when hostilities in the Middle East closed the Strait of Hormuz, increasing the cost of diesel and lubricants and making products harder to source and move. It said road transport and logistics operators were affected, including Multispares, but that the company continued to add new customers and expand Business with existing customers during the second half, with revenue growth broadly based across geographies, customer segments, vehicle models and product groups.

The update did not provide full-year revenue or profit figures. It noted that a new branch at Rosedale in North Auckland opened on 2 March 2026 and was performing ahead of expectations, and that a racking expansion at the Hamilton distribution centre was completed in June 2026.

Latest development: systems and distribution network

Supply Network said it completed several IT upgrades in Australia, including a browser-based sales interface, new Warehouse scanning capabilities and a new enterprise resource planning system, which went live around Easter in Australia and about three weeks later in New Zealand. It also completed the integration of its Pemulwuy (Sydney) and extended Truganina (Melbourne) distribution centres. The company noted that major system upgrades are rarely seamless and that staff had navigated the challenges.

Latest development: branch expansion and FY2027 target

Planned branch projects include tripling the Eagle Farm footprint from 1 July 2026, doubling the Canberra footprint from 1 August 2026, relocating Toowoomba in early October 2026 and Kwinana in the third quarter of FY2027, and building a new Penrith branch costing around $9 million with an opening targeted for early FY2028. The company referred to an estimated global truck and bus aftermarket growth rate of about 7% a year and set a revenue growth target of around $50 million for FY2027, acknowledging it would be challenging. It also changed the role of General Manager, Australia to Group General Manager.

About Supply Network and what it does

Supply Network distributes aftermarket parts for heavy vehicles, including trucks and buses, through the Multispares brand. It operates a network of branches and distribution centres in Australia and New Zealand and sells to customers across both countries, competing with vehicle manufacturers and their franchised dealer networks through independent supply of alternatives to genuine parts.

Risks and catalysts on watch

Items flagged in the update include higher diesel and lubricant costs, difficulty sourcing and moving products through the Middle East, the integration challenges of new systems and the Capital commitment attached to new and expanded branches, including a Penrith site expected to cost about $9 million. The update did not include quantified Earnings guidance.

Items that may attract attention include the build-out of stock at Eagle Farm and Canberra, the Toowoomba and Kwinana relocations, the FY2027 revenue growth target and the company's next reporting update.

Final takeaways

Supply Network shares were lower on 23 October 2026 while the consumer discretionary index advanced. The company's most recent update, released in July 2026, focused on operating progress, system upgrades and branch expansion, without detailed financial figures. Further announcements will be released through the ASX.

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