Why MaxiPARTS (ASX:MXI) Reports Higher Quarterly Revenue and Operating Profit Before Tax in Trading Update

Sonal Goyal

23 October 2026 05:58 PM AEDT

Why MaxiPARTS (ASX:MXI) Reports Higher Quarterly Revenue and Operating Profit Before Tax in Trading Update

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Key Highlights

MaxiPARTS (ASX:MXI) reported quarterly Revenue of A$72.8 million, up 2.6 per cent on the prior corresponding period.
Operating net profit before tax was A$4.2 million, up 26.5 per cent, based on unaudited management accounts.
FY27 is expected to include eight months of contribution from the Air Brake Systems acquisition, according to the company.

MaxiPARTS Limited (ASX:MXI) issued a trading update on 23 October 2026 covering the three months to 30 September 2026, based on unaudited management accounts. Revenue was A$72.8 million, up 2.6 per cent on the prior corresponding period. Operating net profit before tax was A$4.2 million, up 26.5 per cent. The announcement does not give EBITDA, a Dividend figure, or segment-level financials.

What the company says drove the result

The company attributes the improved profit to several factors. It cites the maturing operating profile of its Kalgoorlie store in Western Australia, noting that growth was partly flattered by a start-up phase in the comparison period. It also reports double-digit growth in its higher-margin Japanese parts program and in the higher-margin Forch Australia business.

Other contributors listed are ongoing Supply chain optimisation, cost control and pricing discipline, together with lower interest costs and Working Capital improvements. The company does not quantify the contribution of each factor.

Business structure

MaxiPARTS distributes aftermarket truck and trailer parts through a national branch network. Forch Australia supplies premium workshop consumables, chemicals, tools and related products. The group's third segment, Air Brake Systems, supplies braking systems and components for heavy-duty trucks, buses and trailers to original equipment and aftermarket customers.

Air Brake Systems and outlook

The company says FY27 is expected to include eight months of contribution from the Air Brake Systems acquisition, with additional profit synergies expected in FY28 and FY29. The update does not state the Acquisition price.

On outlook, MaxiPARTS (ASX:MXI) reiterates its expectation of further growth and financial improvement in FY27. It also refers to increased capital returns and further organic and inorganic growth opportunities. The company has not provided numerical guidance, an amount for any capital return or details of any specific future transaction in the update.

Points to note

The figures are unaudited management accounts for a single quarter, and the stated drivers are those given by the company. The profit measure is described as operating net profit before tax. The update does not include a comparison of the quarter with the full-year result for FY26.

The announcement does not set a date for the next trading update or results.

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