Smart Parking posts record FY26 results as revenue climbs 63% to $126 million
AI Market Summary
Smart Parking reported record FY26 results with revenue up 63% to $126m, EBITDA up 50% to $30.8m, and free cash flow up 56% to $20m, supporting expansion without near-term capital needs. Management cited 72% of growth as organic, alongside ongoing ANPR site additions, a US acquisition (American Parking), and a $5m buyback. The update highlights improving fundamentals, with execution and regulatory risks remaining.
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Smart Parking reported FY26 results with revenue up 63% to $126 million and adjusted operating earnings rising 50% to $30.8 million. Adjusted free cash flow increased 56% to a record $20 million, and the company ended the period with $17.4 million in cash. After the period, Smart Parking acquired U.S.-based American Parking and announced an on-market share buyback of up to $5 million. Management said 72% of the revenue increase was organic and reiterated a longer-term target of reaching 3,000 sites by December 2028.
