RPM Automotive Group Limited (ASX:RPM) is working through a turnaround in the Australian automotive aftermarket after reporting lower revenue, a statutory loss and an Impairment for the year ended 30 June 2026. The figures below come from the company's own results announcement of 27 August 2026 and its Appendix 4E, and the company says the accounts were still being audited when the Appendix 4E was lodged.

What the company does

According to its results announcement, RPM is an Australian automotive aftermarket group selling wheels, tyres, accessories and apparel to wholesale and retail customers. Its brands include Revolution Tyre Services, Revolution Racegear and RPM Autoparts. The Appendix 4E lists four divisions, including Motorsport and Wheels & Tyres (Wholesale).

The FY26 result

Revenue from continuing activities was $102.07 million, down 10 per cent from $113.73 million a year earlier. The Wheels & Tyres division fell furthest, from $45.88 million to $35.92 million. Gross Margin slipped to 34.3 per cent from 36.0 per cent.

EBITDA fell to about $2.3 million from $13.0 million, a result the company says was struck after $5.2 million of one-off items. The statutory net loss after tax was $12.0 million, including $9.5 million of depreciation, Amortisation and impairment, among them a $4.02 million non-cash Goodwill impairment.

Cash, Debt and funding

Cash at bank was $7.19 million at 30 June 2026, compared with $6.76 million a year earlier, and Operating Cash Flow from continuing operations was $7.18 million. Borrowings were about $31.9 million, of which $17.13 million was classed as current, against $33.8 million in FY25. The company reported net debt of $24.7 million (FY25: $27.0 million).

Management has named debt reduction as a priority and said it plans to manage supplier payment timing and available funding lines. The announcement did not set out Facility terms or maturities, and it did not address going concern; the audit report was not available at the time of the Appendix 4E.

Turnaround plan and management changes

The Chair described FY26 as a challenging year. The company says it has closed underperforming operations, paused acquisitions and begun a turnaround framework summarised as stabilise, restructure, rebuild and grow. Management describes FY27 as a transition year, expects the one-off costs not to recur, and says improvement will take time.

On 20 April 2026 RPM announced that Clive Finkelstein, interim chief executive since September 2024, was stepping down and that Roy Norris, previously of Goodyear Tyres Australia, Toyota Material Handling Australia and Continental Tyres Australia, had been appointed chief executive. The Appendix 4E records that Mr Finkelstein also resigned as an executive director on 7 August 2026.

Sector context and risks

The aftermarket sector is tied to consumer spending on vehicles and discretionary accessories, and to wholesale Demand from tyre and wheel retailers. RPM's own figures show the wholesale tyre line shrinking, and the company has not said when volumes might stabilise. Key risks that follow from the disclosures are the refinancing or repayment of the current borrowings, execution of the restructuring under a new chief executive, further impairments if trading does not improve, and reliance on supplier terms to manage working capital.