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RPM Automotive Group Ltd. ( (AU:RPM) ) has shared an announcement.
RPM Automotive Group reported a 10.9% fall in first-half FY26 revenue to $53.5 million and an 11.6% decline in gross profit to $18.5 million amid subdued macroeconomic conditions, particularly affecting its Wheels & Tyres and Performance & Accessories segments. Despite the softer top line and negative net cash flow, reported EBITDA rose 8% to $2.5 million, supported by stable gross margins and cost discipline, while the company continued to invest in new tyre initiatives and its Tyre Recycling Program, positioning for an anticipated recovery and ongoing growth in its motorsport and repairs businesses.
The Wheels and Tyres division was hit by weaker fleet demand, especially in Victoria, while Repairs and Roadside delivered modest revenue growth but saw profits squeezed by higher operating expenses. Performance and Accessories revenue fell following the sale of an underperforming unit and delivery delays, whereas Motorsport revenue climbed 8% as that segment strengthens its market position in soft parts and safety categories, underscoring a mixed divisional performance in a challenging environment.
The most recent analyst rating on (AU:RPM) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on RPM Automotive Group Ltd. stock, see the AU:RPM Stock Forecast page.
More about RPM Automotive Group Ltd.
RPM Automotive Group Ltd., listed on the ASX, operates in the Australian automotive aftermarket sector. The company’s core activities span wheels and tyres, repairs and roadside services, performance and accessories, and motorsport products, with a growing strategic focus on tyre recycling as a future growth avenue.
Average Trading Volume: 647,589
Technical Sentiment Signal: Sell
Current Market Cap: A$14.98M
See more insights into RPM stock on TipRanks’ Stock Analysis page.