The Eagers Automotive Ltd (ASX: APE) share price is in focus after the company delivered record full-year revenue of $13.05 billion and lifted statutory profit after tax by 17% to $261.2 million.
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What did Eagers Automotive report?
- Revenue jumped 16.5% to a record $13,045.2 million (FY24: $11,193.7 million)
- Statutory net profit after tax rose to $261.2 million (FY24: $222.9 million)
- Underlying EBITDAI increased 13% to $620.9 million (FY24: $550.4 million)
- Final fully franked dividend of 50 cents per share, total FY25 dividend unchanged at 74 cents
- Strong liquidity at year end: $1.79 billion, with net debt reduced to $100 million (FY24: $813 million)
- Record results from both franchised dealers and the easyauto123 pre-owned business
What else do investors need to know?
Eagers Automotive maintained its record full-year dividend, reflecting management's confidence in ongoing strategy execution and business strength. The company further reduced net debt to just $100 million and expanded liquidity, positioning itself securely for future opportunities.
During FY25, the group announced a strategic investment to acquire a 65% stake in CanadaOne Auto with completion expected in Q1 2026, marking the company's entry into the Canadian market. A new alliance was also formed with Mitsubishi Corporation, including a direct investment in the easyauto123 business.
Eagers grew new vehicle market share to 13.9%, up from 11.5% in FY24, and claimed a 34% share of the New Energy Vehicle market. Inventory was well managed, holding 56 days' supply at year-end, while cost control drove productivity improvements.
What's next for Eagers Automotive?
Eagers Automotive is guiding for continued profitable growth and plans to further increase market share in Australia and New Zealand. Management expects another year of revenue growth supported by a robust new car market, strong pre-owned vehicle demand, and ongoing scale benefits from its diversified operations.
The company will focus on executing its Next100 Strategy by leveraging cost discipline, productivity improvements, and disciplined expansion—particularly through strategic alliances and the new Canadian acquisition. While inflation remains a consideration, Eagers says customer demand is resilient, and the business remains poised to capitalise on organic and acquisition-led growth opportunities.
Eagers Automotive share price snapshot
Over the past 12 months, the Eagers Automotive shares have risen 94%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.
