AMA Group published its full year financial report last week. The report states thatCapital S.M.A.R.T and the Wales Heavy division are performing above expectation. The prestige division still needs more capacity, the collision division is improving and ACM broke even in the second part of the financial year after a $0.8m loss in the first half.
Over all revenue was up to $1,013.7m FY25 up $80.6m from FY24. Normalised EBITDA was $62.6m FY25 up $17.3m from FY24 and operating cash flow is $44.1m FY25 up $33.6m from FY24.
Capital S.M.A.R.T
There are now 61 sites (up one from last year) delivering 148.1K repairs which is down on last year but more complex repairs are now being undertaken. There was a pricing reset negotiated with Suncorp effective 1 July 2024. AMA Group reports improved site efficiency and utilisation and an extended repair scope, with higher severity and complexity of repairs, resulted in increased revenues. The division's revenue was $490.3m FY25 up $25.8m vs FY24 with normalised EBITDA at $58.4m FY25 up $13.3m from FY244.
AMA Collision
The 59 sites (down one from last year) delivered $360.0m FY25 in revenue up $4.8m from FY24. It repaired 87.1k cars which is down 1.8k on FY24. However normalised EBITDA was up $3.2m from last year to $7.4m. The second half of the financial year returned an EBITDA of $9.4m vs a first half loss of $2.0m. The report states that insurance relationships continue to improve and strengthen and that repair volume is increasing and from an increasingly diverse portfolio of insurers. AMA says it will continue to focus on network optimisation including investment in vehicle repair capacity, team and customer experience.
Wales heavy division
The 9 Wales sites (up one from last year) generated $77.9m revenue in FY25 up $4.1m. Normalised EBITDA was $10.5m up $2.5m from FY24. AMA Group stated that optimisation and capacity improvement projects have delivered ahead of business case expectations, with both Adelaide and Newcastle sites outperforming. The Wales Perth transformation project is complete and the Darwin acquisition (May 2025) is producing positive results. The business continues to strengthen its relationships with market-leading insurers, including NTI, QBE, and Zurich which has led to strong work provisions.
Specialist divisions
AMA Prestige revenue and EBITDA is behind FY24 with the group saying financial performance has been impacted by volume allocations. The TechRight (ADAS calibration) expansion continues with five new installations opened this financial year. The report states that TrackRight (mechanical) development and expansion is progressing where appropriate.