The Amotiv Ltd (ASX: AOV) share price is in focus after the company delivered FY26 underlying EBITA in line with guidance, while revenue grew slightly to $1.02 billion and statutory NPAT rebounded strongly year on year.
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What did Amotiv Ltd report?
- Revenue up 2.7% to $1.02 billion, driven by volume gains and pricing
- Underlying EBITA of $195.1 million, up 1.6% and meeting company guidance
- Statutory NPAT improved to $75.1 million, reversing a $106.3 million loss in the prior year
- Gross margin at 42.8%, down 1 percentage point; improved in the second half on pricing actions
- Cash conversion strong at 93.1%, net debt reduced to $376.5 million
- Full year dividend up to 43.0 cents per share, with $74.8 million returned to shareholders
What else do investors need to know?
Amotiv's segments performed at different paces, with 4WD Accessories & Trailering revenue up 3.8% but earnings down on margin pressure and increased depreciation. Lighting, Power & Electrical earnings jumped 11.1% with margin expansion, largely due to cost-saving from the Amotiv Unified program and legal benefits. Meanwhile, Powertrain & Undercar grew both revenue and EBITA, led by filtration and brake sales plus accelerating electric vehicle-related business.
The company kept leverage inside its targeted range, supported by healthy cash flow. Amotiv completed a share buyback, improving capital management, and further reduced net debt. The group's board declared a fully franked final dividend of 23.0 cents per share, payable 15 September 2026.
What's next for Amotiv Ltd?
Looking to FY27, Amotiv expects modest growth in both revenue and underlying EBITA, with increased offshore contributions likely to offset softer local trading. The company plans to continue investing in its Amotiv Unified strategy for operational efficiency and to drive growth, particularly in the US and European markets.
Management will focus on balancing investment with shareholder returns, maintaining a strong balance sheet, and monitoring geopolitical developments. Further benefits from pricing and operating efficiencies are expected in the year ahead, with more upside anticipated in the second half.
Amotiv Ltd share price snapshot
It has been a tough 12 months for the Amotiv share price. During this time, its shares have declined by 18% compared to a 4.4% gain by the S&P/ASX 200 index (ASX: XJO).
