The company's underlying net profit after tax rose by 28.7% to $12.1 million, outpacing revenue growth and demonstrating operational efficiency. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 21% to $31.7 million, with gross margins improving from 25.2% to 25.9%.
MotorCycle Holdings now boasts a 19.8% market share in new vehicle sales, operating 55 locations across Australia and New Zealand. The company serves as the exclusive distributor for the high-growth CFMOTO brand in the region.
In terms of segment performance, new vehicle revenue increased by 23.4% to $213.0 million, while used vehicle revenue grew by 17.7% to $78.9 million. Parts and accessories revenue advanced by 15.8% to $81.4 million, and finance and insurance revenue rose by 16% to $9.8 million.
The successful integration of the Peter Stevens/Harley-Heaven acquisition has been a significant contributor to this growth. The acquired business became profitable from the second month of operation and is expected to continue contributing positively in the second half of the fiscal year.
Looking ahead, MotorCycle Holdings plans to focus on operational excellence, digital transformation, and further expansion of its brand portfolio to sustain its growth trajectory in the competitive motorcycle market.
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