• Amotiv Ltd (ASX:AOV) shares were trading 0.90% higher at $5.60 during the 23 October 2026 session.
  • FY26 results released on 11 August 2026 showed Revenue of $1.02 billion and underlying EBITA of $195.1 million.
  • The full-year Dividend rose 6.2% to 43.0 cents per share, and Leverage fell to 1.85x.

Shares in Amotiv Ltd (ASX:AOV) were trading 0.90% higher at $5.60 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. Amotiv supplies automotive and recreational vehicle aftermarket products, including 4WD accessories, lighting and powertrain components. The company released its full-year results on 11 August 2026.

Latest development: FY26 group results (11 August 2026)

For the year ended 30 June 2026, Amotiv reported revenue of $1,023.9 million, up 2.7%. Underlying EBITDA was $230.0 million, up 1.6%, and underlying EBITA was $195.1 million, up 1.6%, in line with guidance. Statutory NPAT was $75.1 million, compared with a statutory loss of $106.3 million a year earlier, which included a $190 million Impairment related to APG. Underlying NPATA was $120.3 million, up 1.3%, and underlying EPSA was 89.4 cents, up 4.5%. Gross Margin was 42.8%, down one percentage point.

Cash flow conversion was 93.1%, and operating Cash Flow rose 3.7% to $155.2 million. Net Debt fell by $6.8 million to $376.5 million, and leverage was 1.85x. Total cash returned to shareholders was $74.8 million, including the completion of a share buyback. The final dividend was 23.0 cents per share, fully franked, payable on 15 September 2026, taking the total to 43.0 cents.

Latest development: segment performance

In 4WD Accessories and Trailering, revenue rose 3.8% to $368.5 million, but underlying EBITA fell 10.9% to $52.8 million because of lower original equipment volumes, cost Inflation and higher depreciation. Supply began on the BYD Shark vehicle during the year. In Lighting, Power and Electrical, revenue was broadly flat at $315.9 million, while underlying EBITA rose 11.1% to $75.2 million, with the US and Europe offsetting soft Demand in Australia and New Zealand.

In Powertrain and Undercar, revenue rose 4.7% to $339.5 million and underlying EBITA rose 2.1% to $78.8 million. New Zealand revenue increased 22.9%, and the company said its EV repair and remanufacture Business is on track to reach break-even by the end of FY27 on a run-rate basis.

Latest development: FY27 outlook

Amotiv said it expects modest revenue and underlying EBITA growth in FY27, with growth in offshore revenue, pricing and its Amotiv Unified program offsetting subdued conditions in Australia and New Zealand. It said new vehicle sales for mid-size pick-ups and SUVs are expected to remain soft, margins in Lighting, Power and Electrical are expected to moderate slightly, and refinancing discussions have commenced with execution to be completed before December 2026.

About Amotiv and what it does

Amotiv is an Australian aftermarket and original equipment supplier of vehicle-related products. It operates through three segments: 4WD Accessories and Trailering, which includes towbars and accessories; Lighting, Power and Electrical, which includes Vision X lighting and Projecta power products; and Powertrain and Undercar, which includes filtration, brakes and engine components sold under brands such as Ryco. The group sells in Australia, New Zealand, the United States, Europe and other regions.

Risks and catalysts on watch

Items flagged in the release include lower 4WD margins due to pricing timing, softer volumes for key pick-up models, subdued conditions in Australia and New Zealand, cost inflation and a gross margin one percentage point lower than the prior year. The company referred to a one-off legal benefit of about $2 million in the Lighting, Power and Electrical result.

Items that may attract attention include the completion of debt refinancing before December 2026, the supply of products to Chinese vehicle makers, the progress of the Amotiv Unified program and growth in the US and European markets.

Final takeaways

Amotiv shares were higher on 23 October 2026, with the consumer discretionary index also gaining. The company's latest results, released on 11 August 2026, showed modest revenue growth, mixed segment Earnings and a higher dividend. Future updates will be released through the ASX.