The Smart Parking Ltd (ASX: SPZ) share price is in the spotlight after the company posted record FY26 results, with revenue surging 63% to $126.0 million and adjusted EBITDA up 50% to $30.8 million compared to the previous year.
Image source: Getty Images
What did Smart Parking report?
- Revenue of $126.0 million, up 63% year on year
- Adjusted EBITDA of $30.8 million, up 50%
- UNPATA of $11.4 million, up 73%
- Adjusted free cash flow increased 56% to $20.0 million
- Cash on hand of $17.4 million as at 30 June 2026
- 2,083 ANPR sites under management, up 16% on prior year
What else do investors need to know?
Smart Parking delivered strong organic growth, with 72% of revenue uplift coming from expansion of ANPR sites and ongoing operational improvements. Additional momentum was built in the second half, particularly with new site growth in key territories including the US and Germany.
Significant improvements to the UK debt resolution processes added $7.0 million of EBITDA in FY26, supporting margin expansion. The business also acquired US-based American Parking in July 2026 and launched a $5 million share buyback program, reflecting confidence in future prospects.
What's next for Smart Parking?
Smart Parking aims to add 450–600 net new ANPR sites in FY27, staying on track to reach its target of 3,000 sites by the end of 2028. The company will focus on further expansion in the US and Germany, with continued investment in AI-driven technology and disciplined acquisitions.
Losses from new territories, such as Denmark and Switzerland, are expected to reduce as site and PBN (Parking Breach Notice) volumes scale, and management remains optimistic about achieving positive EBITDA in these markets by FY28. The company's robust balance sheet will support ongoing investment in growth.
Smart Parking share price snapshot
Over the past 12 months, Smart Parking shares have declined 24%, trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.
