Maxiparts Ltd
ASX:MXI
Maxiparts Ltd
MaxiPARTS Ltd. engages in the production and supply of trailing transport equipment and solutions. The company is headquartered in Melbourne, Victoria. Its core products include lights, tools, oil filters, axles, suspensions, tires and brakes. The company offers the category of products include accessories, electricals, fluid and filters, truck and trailer parts, wheel ends, and axles and suspensions. The firm operates as a supplier to the trailer solutions manufacturing and service facilities. The firm has strategic supply partnerships with various suppliers, including Alemlube, Audioxtra, Castrol, Donaldson, NARVA, HELLA and Powerdown. The firm also have its own brand, Maxus covering a range of products in both the original equipment (OE) equipment segment as well as the aftermarket product segment.
MaxiPARTS Ltd. engages in the production and supply of trailing transport equipment and solutions. The company is headquartered in Melbourne, Victoria. Its core products include lights, tools, oil filters, axles, suspensions, tires and brakes. The company offers the category of products include accessories, electricals, fluid and filters, truck and trailer parts, wheel ends, and axles and suspensions. The firm operates as a supplier to the trailer solutions manufacturing and service facilities. The firm has strategic supply partnerships with various suppliers, including Alemlube, Audioxtra, Castrol, Donaldson, NARVA, HELLA and Powerdown. The firm also have its own brand, Maxus covering a range of products in both the original equipment (OE) equipment segment as well as the aftermarket product segment.
Revenue Growth: MaxiPARTS reported revenue of $139.3 million, up 1.8% from the prior period, with growth driven by organic initiatives.
Dividend Increase: The interim dividend was raised by 36% to $0.0415 per share, reflecting both improved results and a higher payout ratio.
Margin Stability: EBITDA margin was maintained at 10% despite short-term impacts from investments.
Cash Flow & Debt: Operating cash conversion dropped to 65% due to inventory investments, but is expected to return to over 80% in the next half. Net debt rose slightly to $8.7 million.
Segment Performance: The Japanese product line grew more than 15% year-over-year, and the new Kalgoorlie store reached breakeven quickly and is driving further growth.
Outlook Upbeat: Management is confident in meeting full year expectations, with anticipated improvements in revenue, margins, and cash flow in the second half.
Forch Australia: Additional sales hires and a renewed distribution agreement position the Forch business for continued growth, with mid-teen EBITDA margins targeted near term.
