AMA Group Limited has reported strong momentum across its business in the first quarter of FY26, underpinned by improved operational efficiency and a sharp rise in profitability.
Group Managing Director Smith-Roberts told shareholders at the annual general meeting on 3 November that FY25 marked a turning point for the business, with revenue up 8.6% to $1.013 billion and normalised pre-AASB 16 EBITDA increasing 38.4% to $62.6 million. Operating cash flow rose 317.9% to $44.1 million.
“The Group is now delivering on its optimisation program and showing the financial strength we know it’s capable of,” he said. “We remain focused on embedding those gains and building further efficiency in FY26.”
Business segment performance
AMA Collision continued its turnaround through the second half of FY25 and into the new financial year, supported by network optimisation and new site openings, including a greenfield facility in Bundaberg, Queensland.
Capital SMART exceeded expectations in FY25, with higher repair complexity and efficiency improvements driving stronger margins, though recent data shows repair volumes easing in Victoria and New Zealand.
The Wales division recorded solid growth through optimisation projects, particularly in Adelaide and Newcastle, despite reduced claims and higher total-loss activity in 1Q26.
Among the specialist businesses, AMA Prestige faced volume challenges in FY25 but is strengthening key OEM and insurer relationships, while TechRight expanded to 10 ADAS calibration sites and TrackRight added new capacity in Victoria and Western Australia.
ACM Parts achieved robust sales growth, driven by both external and internal demand. The Board continues to review “a range of possible outcomes” for the business but emphasised it will be patient in determining the right strategic direction.
Quarterly update
For the September quarter, Group pre-AASB 16 EBITDA rose 36.3% to $20.1 million. The result reflected continued operational improvements despite softer repair volumes nationally.
Capital SMART and AMA Collision both delivered improved earnings, offsetting lower volumes linked to cost-of-living pressures.
Outlook
The Group reaffirmed its FY26 guidance for normalised pre-AASB 16 EBITDA in the range of $70 million to $75 million.
“Our focus remains on optimisation, capability, and disciplined growth,” Smith-Roberts said. “I want to thank our people, partners, and shareholders for their continued support as we strengthen AMA Group for the future.”