MaxiPARTS upgrades profit guidance to $14.2M

• MaxiPARTS upgraded its FY26 operating profit guidance to $14.2 million.
• Net cash position improved by $15.7 million during the second half.
• Targeted supply chain and branch optimisations drove inventory reductions.

MaxiPARTS (ASX:MXI) upgraded its full-year profit guidance to $14.2 million following strong operational discipline.

The updated earnings figure exceeds the company's previous guidance range of $14.1 million.

Annual revenue reached $274.4 million, reflecting a 3% increase compared to the previous year.

The business reduced slow-moving inventory by $9 million through targeted branch network optimisation programmes.

Following the announcement, the MaxiPARTS share price was unchanged at $1.80 while management noted capital flexibility.

The company ended the period with a net cash position of $15.7 million, a half-year improvement.

MaxiPARTS strengthened its leadership team with new executive appointments ahead of its full financial report on Aug. 20.