Amotiv (AOV) H1 2026 earnings summary

Executive summary

• Delivered solid half-year results in a challenging macro environment, with 3.3% revenue growth to $520.5 million, supported by disciplined execution, new business wins, and diversification.

• Underlying EBITDA/EBITA reached AUD 98.3 million (up 1.3%), with margin pressures offset by cost initiatives and Amotiv Unified transformation benefits.

• Statutory net profit after tax increased 39.4% to $46.0 million, reflecting lower significant items and improved operational performance.

• Interim dividend increased by over 8% to 20.0 cents per share, with $48 million returned to shareholders through dividends and buybacks.

• FY26 guidance reaffirmed, expecting group revenue growth and underlying EBITDA/EBITA of approximately AUD 195 million.

Financial highlights

• Revenue up 3.3% year-over-year to $520.5 million, all organic growth.

• Underlying EBITDA/EBITA of AUD 98.3 million, up 1.3% year-over-year.

• Statutory NPAT up 39.4% to $46.0 million; interim dividend up 8.1% to 20.0 cents per share.

• Cash conversion strong at 91.9%, ahead of guidance.

• Gross margin declined 1.6pps to 42.4% due to inflation and mix.

Outlook and guidance

• FY26 guidance unchanged: group revenue growth and underlying EBITDA/EBITA of circa AUD 195 million expected.

• H2 margins in 4WD expected to improve from pricing actions; LP&E H2 EBITDA/EBITA to be marginally softer than H1.

• Powertrain and undercarriage expected to remain resilient; group H1/H2 EBITDA/EBITA skew to be broadly balanced.

• Incremental AUD 10 million annualized gross benefit from Amotiv Unified program to be realized by FY26 exit.

• EV business investment moderated, targeting break-even by end of FY27.