Autosports Group reports FY26 record A$3.19 billion revenue as EV orders surge
AI Market Summary
Autosports Group reported record FY26 revenue and higher normalised profit, with EV order growth and a sharply higher order bank signalling robust demand despite Q4 inventory shortages. Stable gross margins suggest pricing power, while expanded credit facilities support dealership growth and acquisitions. The news is company-specific and unlikely to shift broader macro or crypto risk sentiment, but it highlights persistent EV demand/supply tightness and ongoing capex needs.
Impact level
● Low
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● Neutral
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Australia’s luxury car retailer Autosports Group reported record FY26 revenue of A$3.19 billion, up 11.9% year on year, and normalised profit before tax of A$53.5 million, up 11.1%. New vehicle orders rose 20% from a year earlier, while its order bank has jumped 290% since 30 June 2025. The company said demand for electric vehicles is running well ahead of available stock, contributing to shortages at the end of the quarter. Gross profit climbed 15% to A$589.7 million and the gross margin held steady at 18.5%.
