Highlights

• AMA Group Limited reported FY26 revenue and other income of AU$1,039.1 million, up 2.5%, while normalised pre-AASB 16 EBITDA increased 8.6% to AU$68.0 million.
• Statutory net profit after tax reached AU$7.7 million, marking a substantial turnaround from the AU$6.2 million statutory loss recorded in FY25.
• Management expects FY27 normalised pre-AASB 16 EBITDA of AU$75–80 million and continues to target a 10% pre-AASB 16 EBITDA margin within three years.

FY26 Performance Reflects Improving ProfitabilityAMA Group (ASX: AMA) delivered another year of operational improvement in FY26 despite inflationary pressures, higher interest rates and softer claim volumes during the final quarter. Revenue and other income increased 2.5% to AU$1,039.1 million, while normalised pre-AASB 16 EBITDA advanced 8.6% to AU$68.0 million. The company also returned to statutory profitability, reporting NPAT of AU$7.7 million compared with a AU$6.2 million loss in FY25.

The improvement was supported by commercial pricing, moderating inflation, better labour conditions and a higher repair-severity mix. AMA Collision recorded revenue growth of AU$19.6 million, while Specialist Businesses benefited from expansion in ADAS calibration and mechanical services. ACM Parts also delivered a significant EBITDA improvement as operational initiatives, sourcing efficiencies and stronger consumables sales supported margins.Cash Flow Supports Investment and Shareholder ReturnsAMA generated AU$65.3 million in operating cash flow during FY26, although this declined from AU$74.8 million in FY25, largely due to higher tax payments. The Group invested AU$30.4 million in its operating footprint, equipment and technology and repaid AU$15.0 million of revolving debt facilities. Net debt stood at AU$18.4 million at year-end.

Improving financial conditions also supported the establishment of an on-market share buyback of up to 10% of ordinary shares. In addition, the Board declared a fully franked final dividend of 0.5 cents per share—the company’s first dividend since 2019.FY27 Outlook Points to Further Earnings GrowthAMA Group enters FY27 targeting normalised pre-AASB 16 EBITDA of AU$75–80 million. Management is also pursuing a 10% pre-AASB 16 EBITDA margin within three years by leveraging the Group’s vertically integrated structure. Increasing vehicle complexity, specialised repair requirements and continued investment in technology, people and operational efficiency could provide a supportive platform for sustainable earnings growth.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

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