AMA Group has posted a stronger first half result, lifting earnings and cashflow while holding firm on its full-year guidance.
For the six months to 31 December 2025, the group reported normalised pre-AASB 16 EBITDA of $30.5 million, up 21.9% on 1H25 ($25.0m). Operating cash inflow after all lease costs came in at $12.2 million, a 16.2% increase on the prior corresponding period. All figures are unaudited.
Managing director Ray Smith-Roberts said the result was headlined by continued strong performance in the Capital SMART network, considerable improvement in AMA Collision and ACM Parts contributing positive EBITDA to the group.
Capital SMART delivered $24.0m in normalised EBITDA, with revenue growth driven by higher severity and complexity of repairs, offsetting a moderate reduction in volumes, particularly in Victoria. The absence of a prior-year Suncorp volume incentive impacted margin as expected. Three new SMART sites opened in Wingfield, Newcastle and Hobart.
AMA Collision reported normalised EBITDA of $6.1m, an $8.1m turnaround on the prior corresponding period, with operational improvements across the network continuing. One site closed during the half, with three further closures planned in 2H26 as the group optimises its footprint.
Wales contributed $3.8m, with performance impacted by lower repair severity and higher write-offs, conditions the group expects to ease in the second half.
Specialist Businesses delivered $2.0m in normalised EBITDA. The Prestige network improved from both a productivity and volume perspective, with continued focus on strengthening OEM and insurance partnerships and capability. TrackRight and TechRight remain under optimisation.
ACM Parts moved into positive EBITDA territory in 1H26, improving underlying performance as initiatives to optimise reclaimed and genuine parts and grow consumables sales take effect. Cost reduction programs are also being implemented.
AMA has maintained its FY26 guidance, with full-year normalised pre-AASB 16 EBITDA expected to be in the range of $70 million to $75 million. The group said there were no other material developments or changes in business activities during the half.