Peter Warren Automotive (ASX:PWR) has revved up its financial performance for the first half of fiscal year 2026, reporting a significant jump in profitability despite a highly competitive new car market.
For the six months ended Dec. 31, 2025, the group delivered an underlying profit before tax of $12.5 million, a robust 76.1% increase compared to the prior corresponding period.
The group's revenue climbed 3.2% to $1.27 billion, fueled by strategic growth in used car sales and high-margin sectors, including service, parts, and finance.
The momentum, combined with disciplined cost management and a reduction in interest expenses, flowed directly to the bottom line.
The company's interim dividend nearly doubled to 3 cents per share, up from 1.6 cents in H1 FY25.
CEO Andrew Doyle highlighted the acquisition of Wakeling Automotive as a transformative milestone.
The Western Sydney-based multi-franchise group is expected to lift Peter Warren’s revenue by 20% and be immediately earnings-per-share accretive.
The company announced several key leadership appointments: Anna Bail as CFO, Paul Hughes promoted to national COO and Ken Quach as chief technology officer, tasked with spearheading AI adoption and automation.